"What is a Bitcoin?" — created in Nov 2010 by @bitcoinpoet. Accuracy and foresight are remarkable, truly a historic video.
@bitcoinpoet Original video:
@bitcoinpoet In the comment section of the original video one can find the genesis of the salty nocoiner 😁 Although one of them may have helped us all by coining the term "shitcoin"!
Later that month, Bitcoin Poet created another video praising the @EFF for being the first notable charity to accept Bitcoin donations. "Its decentralized nature ... is why bitcoin will succeed no matter what trials and tribulations it may have to face"

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More from @TuurDemeester

20 Nov
Good morning sir👋☕️
You're ignoring my criticism of your transaction count methodology while also assuming that I agree with your total carbon footprint methodology.
Read 4 tweets
11 Nov
"How long does a hyperinflation last?"
This IMF paper studied 30 such events, found that hyperinflations:
- ranged in time from 2 to 34 months
- Europe/Russia mean length: 1 year
- Latin America mean length: 2 years

The paper also, unsurprisingly, confirmed that official consumer price indices tend to severely underestimate the actual scale of monetary devaluation.
Read 8 tweets
7 Nov
1/ After a long hiatus, last month we finally visited my home town of #Bruges. I was moved by its beauty, and inspired by its traditional architecture and highly functional urbanism.
2/ Nearly all of Bruges' construction has gone through a darwinian grind, where only that what's firm, functional, and beautiful survives. Even the floor & street pavement reflects that.
3/ Nearly everything that stands is built out of simple bricks baked from clay — incredibly versatile, durable, and repair-friendly. Featured here is the Church of Our Lady, 13th-15th C, with 115m the third tallest brickwork tower in the world.
Read 7 tweets
1 Oct
1/ A few thoughts seeing the new "In Gold We Trust" chartbook. tinyurl.com/5ycdtxdz

First, the USD M2 money supply is in its 11th doubling cycle since the year 1900.
2/ Historic analogies useful but can deceive. A simple repeat of the 1970s style stagflation is unlikely imo, this time the money priBRRRRRRRRR...
3/ The IFMS heads are today's popes and bishops, in charge of a global monopoly with an ever expanding mandate. bis.org/publ/arpdf/ar2…
Read 8 tweets

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