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El Gigi ☣️☯️🌋 Profile picture
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14 Jun, 11 tweets, 5 min read
Some of my articles that have been translated to Spanish:

Algunos de mis artículos que han sido traducidos al español:

🇸🇻👇
Querida familia, queridos amigos, una carta para todos ustedes que todavía no tienen bitcoin.

h/t @nicohughes

nicohughes.medium.com/querida-famili…
Bitcoin es tiempo

demartino.ar/bitcoin-es-tie…

h/t @NataliAttina & @_Delek
El Ascenso del Individuo Soberano

latambitcoin.medium.com/el-ascenso-del…
La gravedad de Bitcoin

h/t @CamiloJdL

dergigi.medium.com/la-gravedad-de…
Consumo de energía de Bitcoin: Un cambio de perspectiva

h/t Jorge DS

fififinance.com/es/consumo-de-…
La responsabilidad de adoptar Bitcoin

h/t @Koty_Auditore

koty21.medium.com/la-responsabil…
Una carta optimista para mis amigos y enemigos de todo el mundo

h/t @BudaPuntoCom

blog.buda.com/carta-abierta-…
¿Cómo matar a Bitcoin?

h/t @Koty_Auditore

koty21.medium.com/c%C3%B3mo-mata…
Querida familia, caros amigos, que não tem Bitcoin (video)

h/t @_Bitcoin_Brasil

Todos son libres de traducir mis escritos. Todos mis escritos se publican bajo una licencia CC BY-SA 4.0.

creativecommons.org/licenses/by-sa…

dergigi.com/translations/

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More from @dergigi

El Gigi ☣️☯️🌋 Profile picture
16 Jun
In defense of nyms.

A thread 👇
There is a reason why Satoshi chose to stay pseudonymous. He knew what he was getting into. He knew he had to disappear if his project would be moderately successful. It is impossible to disappear if everyone has your real identity.

#Bitcoin was designed with pseudonymity in mind. You don't need a government ID to use it. You don't need a face. You don't need a name. All you need is the ability to produce a valid signature. This is a feature, not a bug.

dergigi.com/2020/07/21/tru…
Read 15 tweets
El Gigi ☣️☯️🌋 Profile picture
20 May
@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 @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 @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
El Gigi ☣️☯️🌋 Profile picture
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
El Gigi ☣️☯️🌋 Profile picture
12 May
The only bitcoins that use any energy are the ones that are being transacted right now.
My mind is blown.
If everyone just hodls like @Tesla does the energy usage of the Bitcoin network will drop to zero.
Read 4 tweets
El Gigi ☣️☯️🌋 Profile picture
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
El Gigi ☣️☯️🌋 Profile picture
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. 🧵👇
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.

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

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