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29 Dec 20, 4 tweets, 2 min read
Ultra-simplified #Bitcoin educational content, #4 Image
Updated version with watermark and label fixed, please use this if not retweeting original, thanks! Image

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More from @Croesus_BTC

Croesus πŸ”΄ Profile picture
29 Mar
THREAD:

Many things set #Bitcoin apart from any altcoin. But keep it simple, no technical metrics needed.

Three elements to consider:
- Digital scarcity is a one-time phenomenon
- Schelling points
- Money is the mother of all network effects & tends to one
The graphic above shows the proliferation of cryptocurrencies over time. In truth, they exist in two categories: Bitcoin and copycats.

By definition, a copy of a digitally scarce system is itself not scarce. The marginal cost of creating an additional new copy is zero.
In this sense, it is only the original instance of a digitally scarce system that is actually scarce: Bitcoin.

Digital scarcity is a one-time phenomenon.

To understand this more deeply:
-@Breedlove22 breedlove22.medium.com/the-number-zer…
-@parkeralewis unchained-capital.com/blog/bitcoin-c…
Read 8 tweets
Croesus πŸ”΄ Profile picture
21 Jan
Bitcoin blocks are like container ships.

You may have heard this metaphor before, but the details are fun to consider. It also helps explain Bitcoin's path to scaling up to handle the entire world's transactions.

A thread...
In 2019, 802M containers were shipped.

A large container ship holds 8,000 containers. If an average one holds 4,000 containers, this means ~200k container ship journeys per year.

Bitcoin has ~210k blocks per year.

Sources: statista.com/statistics/913…, worldshipping.org/benefits-of-li…
The revenue generated by a container ship journey is the sum of fees charged for ~4,000 individual containers.

When new Bitcoin issuance fades away in the coming decades, the revenue generated by a Bitcoin block will be fees from ~2,000 transactions.

bitcoinvisuals.com/chain-tx-block
Read 9 tweets
Croesus πŸ”΄ Profile picture
22 Dec 20
Compendium of my work:

Each tweet in this thread links to my best #Bitcoin analysis threads, articles, graphics, podcasts, etc.

Hopefully the content here proves valuable to your personal Bitcoin journey, or as you help your friends and family on theirs.

πŸ‘‡πŸ‘‡πŸ‘‡
How the halving causes Bitcoin's bull markets:

How the adoption curve compounds the halvings to drive a 10x increase in "adoption adjusted scarcity" every four years:

Read 22 tweets
Croesus πŸ”΄ Profile picture
14 Nov 20
Thread:

Dollars, gold, #Bitcoin - which is the best for storing your hard earned money?

----

All forms of money grow in total value as the global economy grows. What differs is how they do it.

The U.S. prints as many dollars as needed to achieve 2% inflation.
The only way to do this is to pull supply out to the right far enough that it deflates the purchasing power of all existing dollars by ~2%. (For your own good!)

Since 2010, this has meant an average supply increase of ~8% per year. Source: fred.stlouisfed.org/series/M2
Gold's supply is not actively managed. However, the free market efforts of gold mining adds ~2% to total supply every year.
Read 5 tweets
Croesus πŸ”΄ Profile picture
13 Nov 20
Ultra-simplified #Bitcoin educational content, #3

(a brief thread)
As time goes on and Bitcoin's network effect grows, educational content gets better, UX/UI of onramps and services get simpler, it gets easier for people to "get it"

Just like with the Internet in the 90s, social media, mobile, etc.

Same chart, now not in log format
If we think about how equipped everyone in the world is to understand that Bitcoin is on a trajectory to become the world's preferred money / dominant SoV... we would have a bell curve distribution, shown here
Read 7 tweets
Croesus πŸ”΄ Profile picture
11 Nov 20
THREAD:

How Early Are We?

As a starting point, here is the analysis I put forward previously on this topic:
However, as @johnkvallis pointed out to me, there are different levels of #Bitcoin adoption, and each level is at a different point in the adoption curve.

When we clearly segment these levels of Bitcoin adoption, it helps illuminate just how early it still is for Bitcoin.
For our purposes, let's segment Bitcoin adopters into four buckets:

1. Casual Dabblers (toe dippers)
2. 1% Allocators (ankle deep)
3. Significant Believers (waist high)
4. Bitcoin Maximalists (gone snorkeling)
Read 23 tweets

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