Dear legislators:
* a wallet is a collection of private keys
* private keys are just information

Do you realize what outlawing information would entail?
Information can be represented in all kinds of ways. Do you want to make QR codes illegal? Flags? Art?
Do you really want to move into the territory of illegal numbers? Do you want to outlaw speech?
Encryption is not a crime.

Neither is holding your keys, which is equivalent to having a thought. If "self-hosted wallets" are illegal, having a thought is illegal.

Congratulations. You made George Orwell's "thoughtcrime" concept a reality.
Source of the images:…

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Gigi ☯️☣️

Gigi ☯️☣️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @dergigi

14 Oct
"Bitcoin is protected by a wall of encrypted energy. The fact that there's a lot of energy involved is a good thing. It creates security to the network." -- @michael_saylor
Source: Swan Signal Live E33 with @michael_saylor and @DiMartinoBooth hosted by @CitizenBitcoin / @SwanBitcoin
If you're interested in exploring this idea, I wrote about it at length in 2018.… Image
Read 4 tweets
8 Oct
1/ GigaChad, the thread.

Why Michael Saylor is - and probably will remain to be - the #Bitcoin GigaChad for quite a while.

👇 Image
2/ He went from zero to cyber hornets serving the goddess of wisdom faster than anyone else, realizing that there is only one game in town: #bitcoin.

3/ How did he do it? He dove down the rabbit hole, quickly and deeply. Bitcoiners know that all roads lead to Bitcoin maximalism. For some, it's a long and rocky path. For GigaChad it's a 5 minute ride in his rocket car.

Read 16 tweets
21 Sep
1/ Bitcoin still feels weird, clunky, and complicated at times. Because it is! But so was any kind of computer network, not too long ago.

Some thoughts on Bitcoin's UX.👇
2/ We often forget how far we have come, and how difficult the most basic stuff used to be. In Bitcoin, some of the basic stuff is still difficult.

Pete in 1991: "What is an IRQ?"
Peter in 2020: "What is an XPUB?"
3/ But also in Bitcoin we have come far: BIP32, BIP39, BIP44, BIP141 - all of them make Bitcoin easier to use. We take them for granted, but we shouldn't. A lot of thought and hard work went into these improvements, leading to better UX in the end.
Read 12 tweets
19 Sep
1/ Now that the Chad money is coming in, let's look at what moving to a bitcoin-denominated balance sheet might mean.

On inflows, outflows, balance sheets, and how a circular orange future might resolve the points of contention in #Bitcoin

2/ In essence, every economic actor needs to have an economic inflow to survive. This is true for individuals, companies, and even states.

A healthy actor has more inflow than outflow, resulting in a positive balance. Spending is necessary for survival or growth.
3/ Most economic actors sell goods and services to generate inflow. Sooner or later, what they earn is spent again on other goods and services. A payment is simply a moment in time where one is given what is due for goods or services.
Read 24 tweets
2 Jul
I recently finished The Price of Tomorrow by @jeffbooth. The book gives a good introduction and overview in regards to the two grand themes that are currently playing out: the rise of AI and the downfall of fiat money.

Quick thread in case you want to dive deeper.

2/ In regards to AI and exponential progress, I highly recommend @waitbutwhy's lengthy two-part blog post from 2015. It does a great job of explaining what's going on and is quite thorough (if you can't be bothered to buy any of the books below).…
3/ If you want to dig even deeper there is probably no better book than The Singularity Is Near by @raykurzweil - it's a bit dated and can seem outlandish at times, but the general concepts presented in the book are as relevant as ever.
Read 11 tweets
11 May
I'll be celebrating the halving by posting bitcoin memes in this thread.
I have so many gems you guys have no idea
Read 56 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!