🧵20 minutes back on #TwitterSpaces I just heard @michael_saylor saying:

1) The no.1 looser is going to be gold in front of #Bitcoin

1/17
2) Bitcoin is a bank in cyberspace.
3) Amazon, Facebook, Apple will are going to be the biggest banks in cyberspace. They all will accept Bitcoin.
4) Square, Robinhood, and Cash app are already killing amazon, google, and Facebook. They all are going to consider Bitcoin.
5) Bitcoin is a digital property in cyberspace. 7 billion people on the planet can own it.
6) I never used Tether to date.
7) Massive demand for stablecoins but regulatory environment is a big challenge.
8) The underlying significance of laser eyes is to have a long-term strategy.
9) In times to come billion people will have digital smartphones with digital photos, digital apps and these billion will store digital property on phones.
10) There are 150 factors associated with Bitcoin. It is an energy protocol.
11) Don't focus on Bitcoin minute by minute. Have a larger picture. 8 Billion will have smartphones.
12) There are only 11,000 cryptos and I only own ONE.
13) Buy bitcoin put it in cold storage and meet me after a decade.
14) Investing in other crypto is like investing in equities. This means you have a high risk for low returns.
15) You don't need to invest in the next Instagram, Facebook, Microsoft, Just pick Bitcoin and get network effect.
16) If tomorrow amazon accepts bitcoin, PayPal builds products over bitcoin.

Your Bitcoin in the cold storage will be growing without taking risks.
17) Do not juggle too many razor blades (altcoins) in life.

• • •

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More from @simplykashif

11 Jun
ED Notice to WazirX🧵

1) During the period of ED investigation they observed:

1. Binance to WazirX Inflow: 880 Cr.
2. WazirX to Binance outflow: 1400 Cr.

1/
2) Binance <> Wazirx transfers are not recorded on Blockchain:

All these inflows and outflows are not recorded on Blockchain for audit purposes which makes it less transparent.

They are done using API Keys as confirmed by Nischal in an interview conducted by Crypto Kanoon.

2/
3) Facilitation of the transfer from WazirX to other foreign exchange accounts which could be held by foreigners.

3/
Read 9 tweets
23 Jul 20
1/ Why India🇮🇳 has to embrace #crypto now? There seems to be no other choice left.

So much development has taken place globally that it is almost impossible for India to ignore.

Our country is standing at a very important juncture.

#IndiaDeservesCrypto
China🇨🇳 state-backed #Blockchain is integrating with 6 public blockchains.

Now just imagine anyone from anywhere will be able to build apps and run nodes using data storage and bandwidth from BSN’s overseas data centers.

🇨🇳wants to be the only infra provider to all the firms.
To add on to this we all know that 🇨🇳 controls more than half of the world’s Bitcoin mining operations — upward of 65% of the computing power to mine #Bitcoin. No other country is anywhere near that number.

India has not even thought about it.
Read 12 tweets
18 Jul 20
What Mr. Garg said yesterday and its implications:

1. Mr. Garg's body language was very receptive yesterday he had a smile on his face for an hour and he was genuinely interested in the discussion. Yes, that could be because he is not holding the chair anymore.

Part-1...
2. Mr. Garg seemed hostile toward the word "Currencies" as no one other than a sovereign nation has the right and duty to issue and manage "currencies".

This is ok as there is hardly any nation on planet who is willing to allow crypto as "Legal Tender".

Part-2..
Mr. Garg seemed impressed with the setup, background of speakers, and obviously, the number of viewers registered to listen to his views. On quite a number of occasions, he called @NischalShetty by his name and added his views to his examples.

Which is Good!

Part-3...
Read 10 tweets

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