Ok everyone - #Bitcoin #Runes - a thread to clear up some confusion.

Here are some quick facts about Runes:

⛓️Runes are tokens on Bitcoin (just like ERC20)
⭕️Runes were invented by the creator of ordinals @rodarmor
🧠Runes do not depend on smart contracts or developers - anyone can easily make one (unlike ERC20)
⏳Runes will not exist until 4/19
🎉Runes will be the most exciting part of this year's halving party

So, before 4/19 - everything about runes is just hype.

Fundamentally, runes have nothing to do with #Runestones, Rune Stars, or other #Ordinals that claim to be related to Runes or allow airdrops of runes. These are mostly just pump and dumps with a few real projects scattered in. These runes also have nothing to do with @THORChain.

Let's dive in...

1/7 WEN RUNE?

At the Bitcoin halving on 4/19 (block 840,000) - runes will be "activated" - you cannot mint or etch (create) any runes until then (except on testnet / signet where you can practice).

There will be a massive competition to be the first projects to create their runes.

2/7

Satoshi - Malmi Emails - A Deep Dive - part 2

https://twitter.com/bensig/status/1762951922305380619

Satoshi ‘Banking is more wasteful than PoW' 26/44

Satoshi - Malmi Emails - A Deep Dive

@dotkrueger and I have spent the better part of a week analyzing in excruciating detail every one of the 260 emails published by @marttimalmi

We have created a narrative around these emails. This is an interpretation, but you will find it very interesting.

Presenting it in 44 slides exclusively here on X.

Enjoy. 1/44 Background.

This dive is based on 260 messages between Satoshi (Bitcoin’s creator) and @marttimalmi (Bitcoin’s first coder).

These emails were submitted as evidence in February 2024 as part of the COPA vs CSW court case - also made public on Github.

COPA aims to stop Craig Wright from asserting copyright claims on Bitcoin.
2/44

Stumbled upon a (dismissed) court filling by "Bitcoin Manipulation Abatement LLC" against Alameda @SBF_FTX from 2019 accusing them of #Bitcoin price manipulation through various techniques including "spoofing." morrisoncohen.com/siteFiles/file… Next, May 2022 - the alleged market manipulation analysis by @hellspawncrypto showing the spoofing of Coinbase orders by the "Alameda Engine" triggered the rise of #Bitcoin price to $65k ("engine" reportedly was turned "off" for the last $4k rise to $69k).

https://twitter.com/hellspawncrypto/status/1525575167027695616

Full transcript of @GaryGensler from the Aspen Security Forum. Just hearing the SEC chair mention Satoshi Nakamoto gives me some joy. #Bitcoin sec.gov/news/public-st… He gives Nakamoto a shoutout and although he gives some credit towards bitcoin and crypto, he also warns about the dangers. Let's look at some excepts: