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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
Mar 9
1/ On How I Am Allocated

The punchline is not a surprise: almost all BTC and NFTs, and a smattering of other things

I am not sure, however, I've explained in one place why.

As always, this is highly personal and I'm not saying any of this is right for you
2/ 2013 to 2020 I was pretty much a BTC maxi

I traded some 2013 alts in Fall 2013 (Cryptsy!) and realized that:
a) I hated it
b) I was not any good at it
c) I was going to eventually lose all my money regardless of if BTC was GMI
3/ So one day cold turkey I just stopped trading, said

"OK, I have these BTC, stop looking at price, don't fomo, don't cope"

I was a medium sized BTC evangelist back them.

Despite this, most friends, colleagues, family dumped their BTC in 2014-2016
Read 38 tweets
6529 Profile picture
Jan 27
1/ On Infinite Inference

I used to be a good amateur photographer. A long time ago, a friend was worried that the cycle of growth in hard drives was coming to an end.

I asked him why?

"Well, my business documents are only 5 GB or whatever - isn't my 30 GB drive enough?"
2/ I said "what about photographs?"

He showed me his phone with 3Mb photos and said "but I take 5 a day so even this is 5GB/year so ok maybe we go to 100 GB"

And I laughed and laughed and laughed.
3/ Humans can visually discern the following:

Detail: ~ 1 arcminute (1/60th of a degree)
Color Depth: 8 to 12-bit color depth per channels
Channels: 3
Frames per second: 90 to 120 for decent VR

If you want to capture and store this in 360 degree angles...
Read 16 tweets
6529 Profile picture
Jan 1
1/ On So Few NFTs, So Many NFTs

Are NFTs the scarcest assets in the crypto universe?

Are NFTs an endless no-barriers-to-entry stream of good, mid and worthless tokens?

Buckle up. This is a long one. 60+
2/ A few days ago, we discussed that a necessary, but not sufficient factor, for Bitcoin’s success was its 21M hard cap on tokens.

If you have not read this thread, go ahead and read it now

3/ Today, I am going to ignore the other factors of Bitcoin’s success and focus on the scarcity aspect.

A common phrase was: “If every millionaire wanted to own a bitcoin, there are not enough bitcoins to go around"
Read 71 tweets
6529 Profile picture
Dec 29, 2024
1/ On the Nature of the Token Shapes the Nature of the Holders Who Shape The Nature Of The Token.

In the short-run, anything can happen with any token.

What determines the long-run though? What determines what will happen in 5, 10, 20 years?
2/ As always, it starts with Bitcoin. What was the "nature of the token?"

At the protocol level: It was fixed, progressively mined, and had a purpose inseparable from the function of the network (rewarding miners to encourage competition / decentralization of mining)
3/ At the social level, in the beginning, it was not particularly described as a "get rich quick" scheme or even a "get rich slow" scheme.

It was described an experiment in decentralization, as an alternative to corrupted centralized systems.
Read 28 tweets
6529 Profile picture
Dec 22, 2024
1/ On Living Rent-Free In Your Head

People and ideas are ferociously competing to live rent-free in your head.

For most people it is worse than that.

It is a high school rager with hundreds of people and ideas spilling beer on the sofa of your head.

Your job: face control
2/ It is impossible to live with a completely blank slate.

A functioning society is built on endless layers of abstraction on concepts and ideas.

Almost everyone, including the based contrarians, are repeating ideas that someone else propagated into their head.
3/ So let's get this out of the way first.

There will be a party in your living room of your head.

Perhaps the Buddha himself saw through the veil of ignorance, the cycle of samsara, and found nirvana, but safe to say that nobody reading this tweet has.
Read 23 tweets
6529 Profile picture
Nov 12, 2024
1/ On Buying The Statue of Liberty

I did a lecture today for @giaglis's MOOC on NFTs and I got the RCSA question.

"NFTs are just a receipt, just a pointer to an image. I can download them and view them without buying them"

A classic question! Here is what I said.
2/ Imagine the Statue of Liberty.

It is very large.
It is on Liberty Island
It was a present from BFF (France)
It is owned by the Federal Government and specifically National Park Services
Anyone can look at it, whether the President of the USA or you
3/ Now, imagine the Federal Government needed to raise money fast.

It decided to sell the Statue of Liberty on the condition that it has to remain exactly as open to the public as it is now (It is both a National Monument and UNESCO World Heritage site)
Read 12 tweets

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