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Alex Gladstein 🌋 ⚡ Profile picture
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8 Jan, 4 tweets, 2 min read
At the end of the 50BTC block subsidy era, there was 50% of Bitcoin left to be mined.

At the end of today’s 6.25BTC block subsidy era, there will be 6.25% of Bitcoin left to be mined.

And on and on.

Just a neat detail but hadn’t connected the dots before.
H/T:
More neat Bitcoin issuance details from @LeoAW:

blog.bitcoin.org.hk/bitcoin-halvin…
The math behind the halving

H/T: @LeoAW ImageImage

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More from @gladstein

Alex Gladstein 🌋 ⚡ Profile picture
4 Jan
1/ NEWS: @HRF is delighted to announce a Bitcoin Development Fund grant round of 425 million satoshis to 10 very worthy recipients 🌍 ⚡

Support is targeted at core development, privacy-focused wallets, Lightning, and global translation and education 🧵

bitcoinmagazine.com/business/hrf-g…
2/ 100M sats to @jarolrod for his work on Bitcoin Core.

A frequent contributor, having completed hundreds of pull requests, funding will allow Jarol to continue core development, as well as to complete a collaborative project to build a new GUI client for Bitcoin Core 🙌
3/ 50M sats to @Farida_N to create the "Togo Bitcoin Academy" 🇹🇬

A Togolese democracy advocate, Farida will give her fellow citizens know-how to help break free from the dictator-backed CFA currency.

Special thanks to the @Gemini Opportunity Fund for making this gift possible.
Read 13 tweets
Alex Gladstein 🌋 ⚡ Profile picture
20 Dec 21
1/ NEWS: @HRF is teaming up w/ @jackmallers, @r0ckstardev, and @ln_strike to set 1 BTC bounties for the first open-source, non-custodial, non-KYC Lightning wallets to ship features requested by dissidents worldwide:

🏺 Tip jars
💵 Stable Bitcoin
🔐 Ecash

bitcoinmagazine.com/business/hrf-s…
2/ These features were chosen after extensively interviewing activists from across the globe.

Conclusions:

Human rights defenders need an easy way to privately receive BTC/LN donations.

They need a way to peg BTC to dollars.

And they need cash-level privacy for transactions.
3/ The bounty program will run for one year until December 31, 2022.

Wallets wishing to claim any of the three bounties can submit documentation to bounty @ hrf dot org

Our friends at @OpenSats have generously agreed to judge whether or not submissions meet bounty requirements.
Read 12 tweets
Alex Gladstein 🌋 ⚡ Profile picture
18 Dec 21
1/ How did Tokyo's Imperial Palace become more valuable than all the land in California?

"Princes of the Yen" tells the story of how central banks shape society, focusing on the US-led effort to stop Japan's 1980s rise by creating an asset bubble

🇯🇵 🧵

2/ The film describes how the Japanese had grown into the world's second largest economy through a wartime system of "window guidance," where the Bank of Japan would dictate to domestic commercial banks how much and who they could lend to.
3/ By the mid-1980s, US officials had grown majorly concerned about this kind of "wartime" export-led economic rise, and aimed to find a way to make the dollar cheaper and the yen more expensive, so that Japan's growth would slow at America's benefit.
Read 34 tweets
Alex Gladstein 🌋 ⚡ Profile picture
11 Nov 21
1/ Here are 20 things I learned while writing my new essay on how the US invented central bank imperialism 🧵

First: in 1971 the US defaulted on more than $50 billion in debt held by other nations

IOUs promised as redeemable for gold became IOU nothings

bitcoinmagazine.com/culture/bitcoi…
2/ During World War I, German officials went off the gold standard and increased the country’s money supply from 17.2 billion marks to 66.3 billion marks.

Britain did the same, increasing its money supply from 1.1 billion pounds to 2.4 billion pounds.

jstor.org/stable/2596203
3/ What did 1914 and 1971 have in common?

Governments left the gold standard to wage war.

In the lead up to 71 military spending was *entirely responsible* for the US payments deficit.

Private sector and non-military state transactions were in balance:

amazon.com/Super-Imperial…
Read 23 tweets
Alex Gladstein 🌋 ⚡ Profile picture
10 Nov 21
1/ My essay “The End of Super Imperialism” is now live.

The global economy was once based on asset money. It's now based on debt money and inflation.

What happened?

Is the dollar system—where the US forces other nations to finance its wars—fair? ☕ 🧵

bitcoinmagazine.com/culture/bitcoi…
2/ In 1972, one year after Nixon defaulted on the dollar and formally took the world off the gold standard for good, the financial historian and analyst Michael Hudson published Super Imperialism, a radical critique of the dollar-dominated world economy.

amazon.com/Super-Imperial…
3/ The book is a study of how the world shifted from using asset money in the form of gold to balance international payments to using debt money in the form of US treasuries.

It's from a left-leaning perspective, but everyone from progressives to libertarians can learn from it.
Read 25 tweets
Alex Gladstein 🌋 ⚡ Profile picture
13 Oct 21
1/ My new essay "The Quest for Digital Cash" follows the evolution of eCash to Bitcoin, the career of @adam3us, and the ongoing Cypherpunk struggle to fight for freedom and privacy via open-source code instead of asking the state for permission.

🧵 ☕

bitcoinmagazine.com/culture/bitcoi…
2/ One summer day in August 2008, Adam Back got an email from Satoshi Nakamoto.

It was the first time Nakamoto had reached out to anyone about a new project called Bitcoin.

The cryptocurrency seemed like it could finally be the Cypherpunk holy grail: decentralized digital cash.
3/ Two months later, on October 31, 2008, Nakamoto sent an email to the Cryptography Mailing List with the subject line: "Bitcoin P2P e-cash paper"

The author wrote: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
Read 83 tweets

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