Not by elections, not by decrees, not through war, not through violence.
It offers an alternative: A world where people live in peace because there is no struggle to change the rules.
It is the anti-political, the anti-war.
3/ #Bitcoin is so new, so radically innovative an idea, that we don't have words from previous experiences to describe it.
When the Internet was new to people they spoke of "surfing the information superhighway."
No one 'surfs the web' or calls it information superhighway now.
4/ Trying to describe Bitcoin as digital gold, for example, completely omits Bitcoin's immunity to seizure/theft through violence and war. That's a pretty big omission.
In the end, #Bitcoin is, well, Bitcoin - the first and only thing of its kind.
5/ Born out of mystery, from a mysterious creator, who mysteriously disappeared, leaving us to figure out what it is, #Bitcoin can't be accurately described in any short number of words drawn from the period of time before it existed.
6/ But in time, like the Internet, #Bitcoin will be well understood, and we will not be able to imagine or remember what life was like before it.
7/ Unlike politics - the power-struggle to change rules - #Bitcoin is the application of force to preserve and enforce unchanging rules.
It's an idea that takes political power head-on, saying "no more changing the rules."
It's also money and lots of other stuff too.
/fin
• • •
Missing some Tweet in this thread? You can try to
force a refresh
1/13
We may be headed soon into a major “moment of truth” for the “crypto” space. It is inevitable eventually. But it may come very soon.
For years, people have warned, regarding Bitcoin and Crypto, “The government will stop it.”
Bitcoin has taken this warning very seriously.
2/ Bitcoin has done everything conceivable to be unstoppable.
It has avoided violating laws that would jeopardize its users.
It has remained leaderless, employee-less, unfunded, disorganized, permission-less, and headquarters-less.
3/ Bitcoin has ensured nodes are easy to run. It has ensured mining is globally distributed. It has encouraged self-custody and cold storage. It has developed and deployed scaling solutions on higher layers – also straightforward to run in a decentralized and survivable manner.
2/5 The beauty of #Bitcoin is undeniable to those who make the honest effort to understand it.
It is rooted in deep, profound truths assembled with an elegance and simplicity seen nowhere else.
Among others, bitcoiners can revel in its beauty and our mutual love of each other.
3/5 But among #Bitcoin's opponents who are incurious and have agendas not linked to truth and beauty we often become outraged, as they try to "push our buttons."
This is exactly what our opponents want - as they can then describe us as scary, angry and unwelcoming: TOXIC.
1/11
If you see someone twisting the truth, sometimes you just got call them out.
So I’m gonna quickly do a thread here on Tezos Co-Founder Kathleen Breitman’s recent 5 minute Bloomberg appearance where she critiqued Bitcoin Proof-of-Work mining.
2/11
You may not have heard much of Tezos.
It’s ranked 36th on coinmarketcap at $1.4 billion, but is 65th in volume with only $40 million across all exchanges - less than 3% of circulating supply, meaning it's pretty illiquid (#BTC is 580 times as liquid).
3/11
According to CMC,
Tezos launched as an ICO at a price of 61800 sats on Jun 30, 2018,
plummeted 65% to 21410 sats by Jul 5, and
now trades at 7514 sats, down 88% since it’s ICO.
It’s also down 94% against BTC since being listed on Coinbase on Aug 6, 2019.
Classic 💩coin.
If you think #Bitcoin is a cryptocurrency in the crypto space, I ask that you consider this alternate hypothesis:
Bitcoin is the only legitimate digital asset, in a class all its own, and all other “cryptos” are flawed imitations.
Here’s some thoughts to get you started:
1) Bitcoin was not created by some group of insiders to enrich themselves - your crypto token was. 2) everything in Bitcoin is verifiable and verification is encouraged - trust in the leadership team is asked for in almost all cryptos.
3) nobody knows who created Bitcoin and nobody is in charge of it - the creator and leaders of just about all other cryptos is known.
4) Bitcoin is not meant to be dumped or exited from - every VC developed crypto has an exit plan for its investors.