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Gigi ☣️☯️

Follow @dergigi

8 Apr, 12 tweets, 4 min read

https://twitter.com/HodlrDotRocks/status/1379870891383918593?s=20

Warning: Bitcoin is a Religion.

https://twitter.com/HodlrDotRocks/status/1379870891383918593?s=20

https://twitter.com/Kit_Stanwood/status/1382370882803273732?s=20

#Bitcoin is a spiritual awakening.

https://twitter.com/Kit_Stanwood/status/1382370882803273732?s=20

@LibertyBlitz

"I don't shy away from it anymore. Yes. [Bitcoin is] a religion." --@LibertyBlitz

pca.st/episode/d05845…

https://twitter.com/parabolictrav/status/1383117701804003330?s=19

The 2nd commandment.

https://twitter.com/parabolictrav/status/1383117701804003330?s=19

https://twitter.com/HillebrandMax/status/1383522529315151881?s=19

Your node = absolute Truth.

https://twitter.com/HillebrandMax/status/1383522529315151881?s=19

https://twitter.com/raw_avocado/status/1384259720987365379?s=20

Religion 2.0

https://twitter.com/raw_avocado/status/1384259720987365379?s=20

https://twitter.com/udiWertheimer/status/1385079253692203010?s=19

Have fun staying in a cult.

https://twitter.com/udiWertheimer/status/1385079253692203010?s=19

https://twitter.com/aubreystrobel/status/1386350920351506435?s=20

Elements of Deism.

https://twitter.com/aubreystrobel/status/1386350920351506435?s=20

https://twitter.com/thefatbitcoin2/status/1388655197388480516?s=19

https://twitter.com/thefatbitcoin2/status/1388655197388480516?s=19

https://twitter.com/proofofsteph/status/1389474335128121344?s=20

We made it into the news!

> "Le bitcoin est une religion"
"Bitcoin is a religion"

https://twitter.com/proofofsteph/status/1389474335128121344?s=20

> one of the main reasons for Bitcoin’s success is something that resonates with us as humans on a much deeper level: the primal elements of its brand, which when combined, turn it into a belief system

bitcoinmagazine.com/.amp/culture/t…

https://twitter.com/VasilDimitrov55/status/1395455125745983500?s=19

The Bitcoin Religion.

https://twitter.com/VasilDimitrov55/status/1395455125745983500?s=19

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More from @dergigi

Gigi ☣️☯️

@dergigi

20 May

@jordanbpeterson

@jordanbpeterson @Breedlove22 A lot of people already answered, but I want to reply anyway. In short: it's misguided at best and disingenuous at worst. The premises are flawed, and the data cited is questionable.

👇

@jordanbpeterson

@jordanbpeterson @Breedlove22 Re: "bitcoin = tulip bulbs"

People have been screaming "tulips!" since the very first days of bitcoin's monetization process. They will still be screaming when a fraction of a bitcoin will consistently buy you a nice house. They are misinformed.

smithsonianmag.com/history/there-…

@jordanbpeterson

@jordanbpeterson @Breedlove22 Re: "What happens if you lose your keys?"

"What happens if you lose your gold coins at the bottom of the sea?"
It's a bearer asset. This is a feature, not a bug. Bitcoin emphasizes the sovereignty of the individual in principle and practice.

dergigi.com/2021/03/14/the…

Read 23 tweets

Gigi ☣️☯️

@dergigi

13 May

A failure to understand proof of work is a failure to understand #Bitcoin.

A thread. 🧵👇

Decentralized systems, by definition, do not have a single source of truth.

Satoshi's breakthrough was to build a system that allows all participants to zero in on the same truth independently. Proof of work is what allows this to happen.

The point of proof of work is to create an irrefutable history. If two histories compete, the one with the most work embedded in it wins.

The chain with the most work is the truth, by definition. This is what we call Nakamoto consensus.

Read 20 tweets

Gigi ☣️☯️

@dergigi

12 May

The only bitcoins that use any energy are the ones that are being transacted right now.

My mind is blown.

@Tesla

If everyone just hodls like @Tesla does the energy usage of the Bitcoin network will drop to zero.

Read 4 tweets

Gigi ☣️☯️

@dergigi

12 May

Ledgers require time, and time requires heat.

It is no accident that the 2nd law of thermodynamics is the only equation of fundamental physics that knows any difference between past and future.

Because of this, I am convinced that proof-of-work is the only way to introduce time into the timeless digital realm.

Everything else relies on external factors and is bound to collapse once these external factors provide false inputs.

Read 6 tweets

Gigi ☣️☯️

@dergigi

6 May

#Bitcoin works in a very peculiar way. Our everyday experience doesn't map onto it nicely. Which is one of the reasons why I believe that trying to shoehorn it into concepts we are familiar with is a fool's errand. 🧵👇

https://twitter.com/dergigi/status/1338074886837821440?s=20

First of all: public keys, private keys, addresses - even the software it self - it's all just numbers, which is to say information. Outlawing information gets very weird very quickly.

https://twitter.com/dergigi/status/1338074886837821440?s=20

Second of all: on a technical level, every bitcoin transaction is a smelting process. Multiple inputs go in, multiple inputs go out. You can only connect inputs to outputs *heuristically*, never definitely.

Read 12 tweets

Gigi ☣️☯️

@dergigi

30 Apr

@MikhailaAleksis

Dear @MikhailaAleksis,
It was a pleasure meeting you in cyberspace today to talk #Bitcoin. For your convenience, I have collected some follow-up resources below. I am sharing them publicly so others might benefit from this list as well.

👇