@bquittem's Threads
1/ Considering writing an article on Bitcoin?
Here are some content ideas, please steal them, and add your own ideas below.
Here are some content ideas, please steal them, and add your own ideas below.
2/ Millennial's Guide to Bitcoin
*Get in their head. Speak in their language. Boomers borrowed against your future, too much student debt, can't buy land, this is your best chance to be wealthy, who cares about a shiny rock, buy bitcoin.
*Get in their head. Speak in their language. Boomers borrowed against your future, too much student debt, can't buy land, this is your best chance to be wealthy, who cares about a shiny rock, buy bitcoin.
3/ Goldbug's Guide to Bitcoin
*Should probably be written by a goldbug, former bitcoin skeptic, recently converted. Should be "gold AND bitcoin."
*Should probably be written by a goldbug, former bitcoin skeptic, recently converted. Should be "gold AND bitcoin."
1/ Bitcoin is the Antivirus that prevents the spread of our destructive financial hegemony. Can Bitcoin survive long enough to reach its full potential? Let’s explore Bitcoin’s survivability through the lens of fungi.
Part 3: Mushroom Medicine
medium.com/@BrandonQuitte…
Thread 👇
Part 3: Mushroom Medicine
medium.com/@BrandonQuitte…
Thread 👇
2/ Bitcoin potential: sound money & social scalability.
This drama will take decades. What if Bitcoin doesn’t survive long enough to reach it’s potential?
Satoshi learned from failed attempts at private money. Bitcoin’s genetic code was engineered for maximum survivability.
This drama will take decades. What if Bitcoin doesn’t survive long enough to reach it’s potential?
Satoshi learned from failed attempts at private money. Bitcoin’s genetic code was engineered for maximum survivability.
3/ We’ve seen a 70% decline in Honey Bees since 2005. Mainly due to viruses spread by Varroa Mites.
Without Bees, say goodbye to almonds, avocados, etc.
If we lose the bees, there are countless downstream effects: lost jobs, destroyed ecosystems, and reduced food security.
Without Bees, say goodbye to almonds, avocados, etc.
If we lose the bees, there are countless downstream effects: lost jobs, destroyed ecosystems, and reduced food security.
1/ A quick thread exploring Bitcoin’s survivability.
Any cryptocurrency that cannot (feasibly) survive a nation-state level attack is pointless. Simply delaying their inevitable demise.
Let’s go 👇
Any cryptocurrency that cannot (feasibly) survive a nation-state level attack is pointless. Simply delaying their inevitable demise.
Let’s go 👇
2/ Bitcoin is unregulatable.
No one person or entity in charge. Code is free speech. Each country has their own competing jurisdiction.
No one person or entity in charge. Code is free speech. Each country has their own competing jurisdiction.
3/ Game theory protects Bitcoin from a global coordinated attack.
Nation states compete with each other. Unlikely to see top nations cooperate.
If the US bans BTC, China has incentive to adopt. Nations not benefiting from the current USD regime have incentive to adopt BTC.
Nation states compete with each other. Unlikely to see top nations cooperate.
If the US bans BTC, China has incentive to adopt. Nations not benefiting from the current USD regime have incentive to adopt BTC.
1/ Just re-read “Shelling Out: The Origins of Money” by @NickSzabo4
An absolute must read: nakamotoinstitute.org/shelling-out/
Here's a thread summarizing what I learned 👇
An absolute must read: nakamotoinstitute.org/shelling-out/
Here's a thread summarizing what I learned 👇
2/ Abstract: "The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression...."
3/ England forced their 17th century American colonies to use fiat (coinage in short supply). Then Colonists discovered a better money - Native American Wampum (durable clam shells) and stopped using fiat. Finally, England issued coinage, and colonists dumped their Wampum bags.
1/ Time to shine a light on Bitcoin’s informal governance, often called a “culture war.”
Let's explore “in-fighting,” lessons learned from failed forks, dispel forking FUD, and highlight benefits of Bitcoin’s informal governance.
New essay:
cryptomenow.com/bitcoin-cultur…
Thread 👇
Let's explore “in-fighting,” lessons learned from failed forks, dispel forking FUD, and highlight benefits of Bitcoin’s informal governance.
New essay:
cryptomenow.com/bitcoin-cultur…
Thread 👇
2/ TL;DR: Bitcoin culture wars are a net positive.
A necessary mechanism to market test ideas. Failed divergences minimize attack surface and refine the core message. Ultimately this lowers user acquisition cost. Failed attempts become battle scars. Makes bitcoin stronger.
A necessary mechanism to market test ideas. Failed divergences minimize attack surface and refine the core message. Ultimately this lowers user acquisition cost. Failed attempts become battle scars. Makes bitcoin stronger.
3/ Bitcoiners generally agree upon the important stuff: 21m supply cap, censorship resistance, ease of verification.
However, mutually exclusive ideologies emerge, ie: “cheap payments on base layer” vs “decentralization of node operators.”
When visions collide? Culture wars.
However, mutually exclusive ideologies emerge, ie: “cheap payments on base layer” vs “decentralization of node operators.”
When visions collide? Culture wars.
1/ Bitcoin is a social phenomenon with many parallels the mushroom. Bear market blues got you down? Let’s explore Bitcoin hype cycles, Ethnomycology, and the Cult of Satoshi.
Part 2: Mushrooms
medium.com/@BrandonQuitte…
Thread 👇
Part 2: Mushrooms
medium.com/@BrandonQuitte…
Thread 👇
2/ In my previous article, “Bitcoin is a Decentralized Organism” we explored bitcoin through the lens of mycelium. Decentralized consensus, the network archetype, adapting to environmental stimuli, arbitrage, bitcoin's role in ecology (immune system).
3/ Our fungi story is not yet complete. Next stage in fungal life cycle is to produce mushrooms (reproduction organs). After maturation, mushrooms release tiny mushroom seeds (spores) capable of producing new life. This parallels hype cycles in bitcoin.
1/ Bitcoin is a decentralized super-organism made of individually replaceable cells that share aligned incentives. Some of Bitcoin's best traits are simply copied from the Fungi Kingdom. Let's explore this...
Part 1: Mycelium
medium.com/@BrandonQuitte…
Thread 👇
Part 1: Mycelium
medium.com/@BrandonQuitte…
Thread 👇
2/ Bitcoin appears superficially simple at first glance, however true understanding is difficult. Observers are easily seduced into making hasty assumptions. Competing narratives make it even harder (digital gold, fintech revolution, etc).
@nic__carter
medium.com/@nic__carter/v…
@nic__carter
medium.com/@nic__carter/v…
3/ “What is bitcoin?” Like Fungi, bitcoin is a super-organism adapting to environmental stimuli, it unlocks stranded resources through PoW, absorbs proven competitor's advantages, and occupies a similar ecological role: the immune system.
2/ Children born today will likely never:
1) Have a bank account
2) Have a driving license
3) Use paper money
1) Have a bank account
2) Have a driving license
3) Use paper money
3/ Before Bitcoin…
-You didn’t care about securing your photos
-Didn’t care that your location was tracked everywhere you went
-Didn’t care about posting your life on Facebook
-You used the same password “password 123” for all 17 accounts
-You didn’t know what 2FA was
-You didn’t care about securing your photos
-Didn’t care that your location was tracked everywhere you went
-Didn’t care about posting your life on Facebook
-You used the same password “password 123” for all 17 accounts
-You didn’t know what 2FA was
