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Documenting ₿itcoin 📄 Profile picture
@DocumentingBTC
Jul 7 • 1 tweets • 1 min read • Read on X
The creator of Twitter and Cash App, @Jack Dorsey just released a Bluetooth messaging app called ‘Bitchat’ that doesn't need the internet or cell service.

Within an hour, users have started sending bitcoin using the peer-to-peer encrypted mesh network. Image
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More from @DocumentingBTC

Documenting ₿itcoin 📄 Profile picture
Feb 13, 2024
Best photos of #bitcoin history - thread 🧵
15 years ago on a cypherpunk email list, a pseudonymous engineer named Satoshi Nakamoto sent the email: "Bitcoin P2P e-cash paper"

The email explained how the first decentralized digital currency might work, providing a solution using a peer-to-peer network. Image
The Genesis Block is bitcoin's first mined by Satoshi Nakamoto includes a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks", highlighting financial instability and the need for bitcoin.
Image
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Read 36 tweets
Documenting ₿itcoin 📄 Profile picture
Feb 5, 2024
Thread of the best #bitcoin papers 🧵

1. The Bitcoin Whitepaper

Satoshi Nakamoto once posted, "I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper"

Read here: miami.gov/files/sharedas…
Image
2. Fidelity's "Bitcoin First" Research

The largest retirement plan provider in the world managing over ten trillions dollars, explains "investors need to consider bitcoin separately from other digital assets".

Read here: fidelitydigitalassets.com/sites/default/…
Image
3. NYDIG's Bitcoin Net Zero

@Nic__Carter and Ross Stevens' report estimates the current and historical energy outlays for bitcoin mining, material ancillary benefits, and the merits of a Proof of Work system for the world.

Read here: nydig.com/research/repor…
Image
Read 21 tweets
Documenting ₿itcoin 📄 Profile picture
Oct 10, 2023
Fidelity manages $4,500,000,000,000.

43,000,000 investors trust Fidelity.

Yesterday, they published new research explaining why investors should consider #bitcoin

Here are 10 key points 🧵👇 Image
2/ Fidelity finds #bitcoin is the best money.

"Bitcoin clearly possesses a lot of good qualities of money, combining the scarcity and durability of gold with the ease of use, storage, and transportability of fiat" Image
3/ Fidelity explains "Virtuous Cycle of Bitcoin"

"This #bitcoin network competition is likely to result in a winnertake-all scenario as the network grows and becomes more valuable" Image
Read 11 tweets
Documenting ₿itcoin 📄 Profile picture
Aug 1, 2023
President Biden issued report on the energy use of bitcoin mining last year.

Here are surprising facts they found 👇🧵 Image
White House says, "A mining operation might construct a dedicated solar energy farm with or without energy storage, or might install onsite generators using stranded natural gas"

Bitcoin helps build solar farms. Image
White House says, "Bitcoin miners can participate in utility and grid operator programs that pay major electricity users to decrease consumption during times of peak grid stress, or to balance supply and demand"

Bitcoin helps balances the energy grid. Image
Read 6 tweets
Documenting ₿itcoin 📄 Profile picture
Jan 25, 2023
This thread will convince you #bitcoin mining is good for the environment.

Read and share 👇
#Bitcoin mining is helping 1,600 families in the mountains of Malawi, Africa get cheaper hydroelectric energy 🌍

Extra sustainable electricity
+
Starklink internet connectivity
+
Bitcoin mining profitability
=
Cheaper energy for the community twitter.com/i/web/status/1…
#Bitcoin mining saved endangered animals in Congo’s oldest national park.

The pandemic hurt tourism and the park was running out of money.

Thanks to mining #bitcoin with the extra energy from its local hydroelectric dam, they are now profitable again!

technologyreview.com/2023/01/13/106…
Read 32 tweets
Documenting ₿itcoin 📄 Profile picture
Jun 22, 2021
1/ Stanley Druckenmiller, legendary investor, on #Bitcoin

"I never owned it from like $50 to $17,000, I felt like a moron. Then it goes back down to $3000 again.

Then a couple of things happened..." 🧵👇
2/ "So, solution in search of a problem. I found the problem: When we did the CARES act and Chairman Powell started crossing all sorts of red lines in terms of what the Fed would do and wouldn’t do."
3/ "The problem was Jay Powell and the world’s central bankers going nuts and making fiat money even more questionable than it already has been when I used to own gold."
Read 6 tweets

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