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Jessquit Profile picture
Jessquit
@Jessquit2
Bitcoin is Cash // jessquit@mastodon.social
Jul 4, 2022 • 9 tweets • 4 min read
BTC is "Bitcoin" only because a group of centralized exchanges gave it that ticker.

In other words, it was fixed.

A few dozen people decided that the Segwit fork would be "BTC" and the version that worked the way Bitcoin had always worked would become an "altcoin." There was no level playing field.

There was no hashwar.

The market did not decide.

The market was not given a choice.

It was fixed.
Jul 4, 2022 • 6 tweets • 2 min read
BTC maxis: crypto is a winner-take-all market

The market: Maxis: but money is different because of network effects

FACT: in the history of mankind there has never been consensus on a single global currency

REASON: it's easier to change your currency than to change everyone else's opinion
Jul 1, 2022 • 15 tweets • 5 min read
What makes #Bitcoin unique from all previous forms of money is that it alone enables financial #sovereignty That means, among other things:

* Nobody can change my #Bitcoin without my express consent

* I require no authority or intermediary to move my funds. They move to whom I say, when I say, with no intermediary who can gatekeep.