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Byzantine Wizard Profile picture
Byzantine Wizard
@wizantine
#Bitcoin is the first and only absolutely scarce, easily-tradable asset in history. It's already won. #BitcoinNotBlockchain #BitcoinNotCrypto
Jun 3, 2022 • 8 tweets • 2 min read
My best attempt to orange-pill an influential member of the #EffectiveAltruism movement who doesn't understand #bitcoin and is, unfortunately, heavily involved in shitcoins: 🧵 This is the key point about PoW and what distinguishes it from PoS. If you can do the research to understand why this statement in this tweet is true, you’ll understand PoW and why it's indispensable:
Jun 3, 2022 • 11 tweets • 4 min read
#Bitcoin aims to be the greatest savings vehicle in history. No need to worry about inflation ("savings" accts), take on counterparty risk (bonds), or make bets on companies or economies (stocks) in order to "save." 1/ No need to store hunks of metal, which are hard to secure and difficult to trade in small quantities or across oceans (gold). No need to maintain property, pay property tax, become a landlord or bet on local economies (real estate) in order to "save." 2/