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6529 Profile picture
@punk6529
Sep 7, 2021 • 6 tweets • 2 min read • Read on X
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OK, let's haul out THE TULIP to see if this thing really works.

Never really tried before or read the instruction manual. Don't know what the cmd-line is. Might need some practice

***RESUME UP ONLY****
OK, what else. umm.

DIE BEARS DIE
how about this

THEY ARE BACKED BY THE UNBREAKABLE POWER OF MATH
maybe this?

1 BTC = 1 BTC
1 ETH = 1 ETH
1 Fidenza = 1 Fidenza
I always thought this one sounded good

IT IS ULTRASOUND MONEY
hold on, gotta help @mattysino too

RESUME SOLANA SUMMER IMMEDIATELY

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More from @punk6529

6529 Profile picture
Apr 22
1/ All Memes are Memes but not All Memes are Memes

So I spoke remotely at @arts_dao over the weekend and I am going to boldly put some of this down in a thread.

We go like this: memes -> the intersubjective -> the internet -> NFTs -> freedom
2/ For the last 30 years, everyone knows what a meme is.

It is on the internet. It is cute or it is dank but it is definitely countercultural.

It is not top-down socially corporate constructed Walt Disney or Hollywood or Goldman Sachs, but bottom up
Image
Image
3/ But sometimes the timeline makes fun of me because it thinks I don't understand the above.

That is OK.

But I do understand some things. And we will talk about them today. Image
Read 43 tweets
6529 Profile picture
Apr 13
1/ What is the Nakamoto Threshold?

This is a bit of Memes inside-baseball but I am tweeting it out so we have it available for reference.

Meme Card #4 is an homage to the first Rare Pepe which had an edition count of 300.

So Meme Card #4 had an edition count of 300.
Image
Image
2/ The Memes were deliberately designed to be relatively low unit price and relatively high edition count.

This is important for the overall mission in a large numbers of ways.

There is no way the mission works with a small number of rich collectors.
3/ Interestingly, because people like eye-catching sales, this is one of the things that leads people to still underestimate The Memes a bit.

The Naka has the highest unit price because it is an awesome card (trades around 6ETH now, ATH > 20ETH) but..
Read 48 tweets
6529 Profile picture
Apr 10
1/ On How / Why To Use A @safe As An Individual.

I saw a question from @HugoFaz in a 6529/Memes chat and I was going to answer there but I think the answer is more generally useful so I will tweet it here

First read the TAP thread

2/ Now that you are back. Let's discuss using a SAFE wallet as your vault / cold wallet in a TAP setup.

@HugoFaz asks (and I paraphrase): "who are the other signers going to be? Other hardware wallets? people I trust? What does this add?"
3/ Let me start with a simple case, appropriate for any individual.

The other signers are you. Let's assume you have Hardware Wallet (HW) 1, 2 and 3.

You set up your SAFE to be 2 out of 3 to sign.

Now, what do you do with these wallets?
Read 13 tweets
6529 Profile picture
Mar 29
1/ On Your National Tax Policy for Cryptoassets

A rare thread for the tax authorities and legislators around the world.

One day you will need a tax policy for cryptoassets and you will pay McKinsey $3M to write it.

Or you can just read this thread for free
2/ The assumption in this thread is that you are a jurisdiction that likes taxing things.

And in that light, you will enjoy taxing cryptoassets too.

If you are one of the other jurisdictions (the 0% tax ones), then you don't need this thread anyway
3/ Situation: You run a normal economy that does not compete on low taxes and you want to do something sensible with cryptoassets.

Your goal should be:
a) Treat broadly fairly vs other assets
b) With some tiny adjustments to make everyone's life infinitely easier
Read 16 tweets
6529 Profile picture
Mar 27
1/ On What Is Decentralized

A brief, beginner thread. Sorry in advance to the nerds.

tl;dr

1) Some L1s (like BTC, ETH and some others)
2) Zero websites
3) Very few L2s

Basically, you only get permissionlessness and censorship resistance on the L1s for now.
2/ Let's start with the difference between ETH (an L1) and OpenSea and Etherscan (which index ETH)

ETH = permissionless
OpenSea and Etherscan website = not permissionless

(Separately, OpenSea has deployed contracts on ETH, which is not the website)
3/ A typical website has, among others:

a) a domain name (permissioned by owner, registrar, registry & govt)

b) a web hoster (permissioned by owner &hosting company)

c) a database &web servers (permissioned by the owner)

Each of these things are 0% decentralized.
Read 23 tweets
6529 Profile picture
Mar 16
1/ On Bitcoin in Four Tweets

Some people meditate on the oneness of the world to achieve enlightenment.

I also meditate to achieve enlightenment, but on how I can describe "how Bitcoin works" in the fewest number of words

Sharing last night's version below
2/ Imagine a Google sheet w/ everyone's bank balances and the whole world has full access.

Solutions That Do Not Work

a) Everyone can change any cell? Chaos and theft

b) Only one person with editor access? Works fine but the whole world is at the mercy of that one person
3/ BTC's solution
a) Accountants propose changes every 10 minutes
b) Anyone can propose a change to their balances (along with a service fee)
c) Accountants batch the changes for review
d) Everyone checks that the batch is valid (no overspending) and accepts
Read 6 tweets

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