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Aug 31 • 12 tweets • 5 min read
🏆 The 9 Principles of #Bitcoin Maximalism 🏆

A thread on the values that unite us and why the movement can be a force for good / 🧵
1. A Commitment to Safeguarding #Bitcoin for Future Generations
2. A Commitment to Running the #Bitcoin Software
3. A Commitment to Slow Software Changes and Enfranchising All Users
4. A Commitment to #Building Services on Bitcoin
5. A Commitment to Using #Bitcoin to the Greatest Extent
6. A Commitment to Opposing Censorship and Surveillance
7. A Commitment to Supporting #Bitcoin Mining by Any and All Means
8. A Commitment to Crypto Minimalism
9. A Commitment to Keeping #Bitcoin Open for All
Disclaimer: This is #bitcoin, so recognize that no one is telling you to adopt this framework

Criticism welcomed 💀
How To Be A #Bitcoin Maximalist via @Forbes

forbes.com/sites/peterizz…

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More from @pete_rizzo_

RIZZO Profile picture
Jan 24
🚨 This week marks the start of my 9th YEAR working full-time in #Bitcoin.

I've been a journalist, led at multiple companies, and I've spent thousands of hours down the rabbit hole.

Here’s a few things I’ve learned along the way 🧵
1/ NUMBER GO UP, NUMBER GO DOWN

Everyone wants to talk about how easy it is to HODL. It’s not. The quickest way out of Bitcoin is to invest more than you can afford to lose.

There will always be someone, somewhere with more #Bitcoin than you. Have patience.
2/ BE HERE TO LEARN

#Bitcoin is an economic experiment unlike anything in human history. That means we're all learning as we go.

Contribute to that learning. There are many unanswered questions if you take the time to look.
Read 10 tweets
RIZZO Profile picture
Jan 3
In honor of the 13th anniversary of the #Bitcoin Genesis Block…

A quick thread on misconceptions about its launch 🧵
1/ THE BLOCK REWARD FOR THE GENESIS BLOCK IS UNSPENDABLE

Every time a #Bitcoin block is found, new bitcoins are issued to the winning miner. This was not the case with the Genesis Block. Satoshi made this reward (50 BTC) unspendable.
2/ THE GENESIS BLOCK DIDN’T HAVE A REWARD

Most block explorers say the Genesis block created 50 BTC, but these aren’t included in the blockchain.

It’s more accurate to say the Genesis Block created all the 21 million #bitcoin now being released in blocks.
Read 7 tweets
RIZZO Profile picture
Jun 27, 2021
RIP Mircea Popescu (1980 – 2021)

Called "The Father of Bitcoin Toxicity" by some, Mircea will endure as one of #Bitcoin's most vilified figures and inarguably one of its greatest philosophers.

In memory, a collection of my favorite MP quotes below.
"Bitcoin is fate. It operates completely outside of any human agency. For all you know about who Nakamoto was... Bitcoin might as well have created itself.

The way fate works is quite simple : do the right thing and you're part of it. Do the wrong thing and you're in the dark."
"Bitcoin is not here for you to opine about it. Bitcoin is here to profoundly and oft times painfully change your life. Whether you agree or not, whether you give permission or not, whether you think it "acceptable" or "called for" or whatever else. Nobody asked you."
Read 12 tweets
RIZZO Profile picture
Apr 26, 2021
IF YOUR STANDARD IS CRYPTOGRAPHIC PROOF, TODAY IS THE ANNIVERSARY OF SATOSHI'S DISAPPEARANCE FROM #BITCOIN

A THREAD 🧵
2/ The last message we know for a FACT is from Satoshi Nakamoto is dated 4/26/2011.

In that email, Satoshi sent @gavinandresen a cryptographic key only he could have possessed that controlled an alert system for the entire network.
3/ Not only is this the last known message from Satoshi, it’s one of the only messages we know – with a high degree of certainty – was sent by Satoshi.

No other correspondence we know from any forum post involved any cryptography that would indicate Satoshi was the sender.
Read 6 tweets
RIZZO Profile picture
Apr 26, 2021
🚨 10 years ago today, #Bitcoin’s creator sent his last known message. Then he disappeared forever.

My latest @BitcoinMagazine feature tells the full story of what we know (and don’t) about Satoshi Nakamoto’s time as leader of the Bitcoin project.

bitcoinmagazine.com/technical/what…
2/ Last year, I published a definitive take on the first #Bitcoin war with @AaronvanW. But I still had questions...

What happened before Satoshi left? How did @gavinandresen emerge as project leader?

I dove into thousands of chat logs and emails to find out.
3/ Included are deeply cited overviews that allow you to explore #Bitcoin’s most infamous moments, including:

- @gavinandresen’s visit to the CIA
- the @Wikileaks controversy
- the hack that broke Bitcoin’s 21 million supply cap
- Satoshi’s last messages and disappearance
Read 7 tweets
RIZZO Profile picture
Mar 1, 2021
Last week, I co-hosted a @bitcoinmagazine clubhouse on #Bitcoin’s coming #Taproot activation.

Yes, there are differences in opinion. No, this does not resemble debates that have led to past network splits.

A quick thread on current consensus 🧵
2/ First, the context around #Taproot is very different than the debates that resulted in the #BCH blockchain split.

Nearly everyone agrees Taproot is beneficial for #Bitcoin, and there are (so far) no groups with meaningful objections to the proposal.

bitcoinmagazine.com/articles/tapro…
3/ The disagreement is about aligning activation (in code) with project ethos

There are two proposed ways to activate:

LOT = FALSE: Gives miners a year to activate Taproot, then it expires.

LOT = TRUE: Lets users activate Taproot if miners do not upgrade within a year.
Read 11 tweets

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