Post

How to get URL link on X (Twitter) App

On the Twitter thread, click on or icon on the bottom
Click again on or Share Via icon
Click on Copy Link to Tweet
Paste it above and click "Unroll Thread"!
More info at Twitter Help

Gigi ⚡🧡 dergigi.com/nostr

@dergigi

Aug 14, 2021 • 7 tweets • 1 min read • Read on X

Schrödinger's Bitcoin: not backed by anything, but uses too much energy.

Impossible to understand and too complicated, but old tech and not innovative enough.

Inconsequential and will go to zero, but has to be banned because ... what if it doesn't, I guess?

Can be tracked perfectly by 3-letter agencies, but just to be safe we have to force regulation, self-reporting, and KYC upon everyone.

Can't be changed and can't be upgraded, but at the whims of shadowy super-coders that are supposedly in charge.

Too volatile so you can't use it and it's not a store of value, but let's put a tax on the 200% CAGR lmao

Isn't money and can never be money, but everyone who runs a lightning node needs to have a money transmitter license.

• • •

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

This Thread may be Removed Anytime!

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

More from @dergigi

Gigi ⚡🧡 dergigi.com/nostr

@dergigi

Dec 19, 2022

It's hard to guard your time and attention when it is used as a defacto currency online. Using attention as a surrogate currency has led to all kinds of problems.

The root problem lies in the nature of coin, credit, circulation, and information. 🧵👇

Platforms harvest eyeballs and brain cycles to sell them to the highest bidder. The core of the advertisement model is combining addiction with surveillance, which destroys nuance and privacy alike.

The incentives are broken. #Bitcoin fixes this.

The internet had to use attention as a surrogate currency because conventional currency doesn't work well online. You have to use IOUs when using conventional currency, which implies credit and counterparty risk, and thus KYC.

#Bitcoin fixes this.

Read 14 tweets

Gigi ⚡🧡 dergigi.com/nostr

@dergigi

Dec 10, 2022

Crypto bros are worse than nocoiners. It's more honest and smarter to say "everything is a scam," even if it includes bitcoin.

Why should you trust magic internet money? It's all just made up funny money, right?

"Everything is a scam" is a reasonable position.

Understanding #Bitcoin - what it is, and how it works - is HARD. It takes a long time to wrap your head around money, around the fiat system, around cryptography, game theory, proof-of-work, etc.

Understanding it completely is impossible.

Read 9 tweets