1 - They're NOT damn gobbling up all of BTC's supply.
~80% of the money it reportedly pulls in do not make up for any buy pressure.
(proof attached) 👇
In-kind contribution = a share is created, priced at NAV, eligible for tax-benefits + for resale on secondary markets after 6mo., priced at NAV + premium
That's a fancy way of saying you can inject BTC into a time machine and withdrawal it 6 months later with a ~20% surplus.
May 13, 2020 • 15 tweets • 2 min read
15 Things I Learned in Bitcoin's 3rd Epoch 🧵👇
(that may or may not help you in its 4th)
1/
They said it was too late in 2011. In 2013. 2016 and 2019.
It's not too late. The best day to buy bitcoin is today.
Be patient. You are witnessing the birth of a new form of money.
2/
Runescape lessons: the surest way to get rich is to stop playing for a while.
OG wisdom was: if you've managed to snag a limited edition item (e.g. a Santa Hat), go away for a couple of years - when you return, it'll be worth orders of magnitude more.
Same applies to BTC.
Oct 28, 2019 • 25 tweets • 38 min read
🌊 A “stock-to-flow debacle” has taken crypto-twitter by storm.
The meme achieved superior performance in nocoiner conversion…
…and flooded your timeline with 🔢math, 💎minerals and 🔥heated opinions you may not understand.
Time to slash FUD and review some of the #stats:
S2F is a measure of scarcity applied to commodities.
“in how many yrs, at current production levels (flow), will the market add *new assets* equivalent to all current outstanding assets (stock)?”
The ICO financed the latter. But also a massive push for a more distributed web.
Nov 16, 2018 • 6 tweets • 4 min read
1/ 📝 Just published “Visions of Ether” on #tokeneconomy. The article goes through major narratives that have shaped the growth of Ethereum over the years, inspired by @nic__carter and @hasufl’s previous work on Bitcoin.
tokeneconomy.co/visions-of-eth…2/ TL;DR: nobody knows about everything. The complexity of society is irreducible. We cling to mental models that satisfy our thirst for understanding a given phenomenon, and stick to groups who identify with similar narratives.
Nov 6, 2018 • 15 tweets • 6 min read
1/ Bubbles burst only once. Bitcoin has 'bursted’ many times. After a handful of bear & bull seasons, we now have crypto-native indicators to track market emotions, imbalances and cycles. Let’s have a look at some useful ones 👇
medium.com/paradigma-capi…2/ Goal here is to help piece together parts of a puzzle that can improve our understanding of Bitcoin fundamentals - and their impact on price - at any given moment. Thanks to @KenoShaking for the visual synthesis below.
S2F is a measure of scarcity applied to commodities.
