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#Bitcoin
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Nov 20 17 tweets 6 min read
🧵 1) MicroStrategy is poised to become the Standard Oil of the digital age. Let's take a closer look at how Michael @saylor is refining new Bitcoin financial products in the same way John D. Rockefeller did with petroleum, when few understood the practical uses of crude oil. Image 2) 175 years ago, whale oil was used for illumination and crude oil was dismissed as a curiosity. It was a nuisance for landowners—something that fouled up salt mines near Oil Creek, Pennsylvania. It had no economic usefulness other than as a suboptimal medicinal. Image
Nov 11 26 tweets 12 min read
1) 🧵Food enrichments stimulate our appetites for refined foods. This has been known by farming scientists for over a century. Let's take a closer look at how vitamins were weaponized by the food industry for profit. @RobertKennedyJr #MAHA freetheanimal.com/2016/05/enrich… 2) Scientists have known for over a century that if animals eat refined foods as staples, they will naturally lose their appetites. If vitamins are added to a synthetic, purified diet, it will “greatly” increase their appetite and intake for that refined diet. Image
Jun 3 23 tweets 8 min read
[THREAD] 🧵The Wizard of Oz is believed to be an allegory for the 19th century "free silver" movement against the gold standard. Liquidity shocks in the Midwestern U.S. led to a populist revolt against hard money. Can Bitcoin avoid a similar fate in a hyperbitcoinized world? Image 2/ In L. Frank Baum's 1900 book, "The Wonderful Wizard of Oz," Dorothy wears "silver shoes." (Hollywood used ruby slippers to showcase Technicolor™). Baum was a Populist and believed reintroducing minting of abundant silver coinage would assist impoverished communities. Image
Apr 7 24 tweets 9 min read
1/ Michael @saylor's "Digital Hotel" is a metaphor for a Bitcoin lending platform. In a future of scarce bitcoins, liquidity will be paramount. $MSTR will be incentivized to build tools and platforms that virtually eliminate lending risk. Here's how... 🧵
2/ Imagine a future where AIs are self-spawning their own AI workers that will need to pay for electricity and their own CAPEX. These self-spawned AI workers will need to onboard onto the Lightning Network in order to become economically viable and to stay alive and functional. Image
Mar 22 12 tweets 5 min read
🧵1/ Ethereum is not a commodity. It's what is known as a "Differentiated Product" centrally controlled through hard forks that are certified by the Ethereum Foundation's trademark and logo — much like centralized administrators of "Champagne" or "Kleenex." Here's why…👇 Image 2/ A differentiated product is one that is uniquely different from its competitors, allowing the producer to argue that it is better and potentially charge a higher price for it. A product is a commodity when all units of production are identical, regardless of who produces them. Image
Mar 14 10 tweets 4 min read
🧵 1/ For years, Michael @saylor has been giving away his long term business plan, through cryptic parables of "Digital Energy" and a "Magic Hotel," but few have understood them. MicroStrategy's business plan appears to be much bigger than people realize. Let's find out why👇 2/ In these clips, Michael Saylor explains his parable of how Bitcoin is "Digital Energy" and a "Magic Hotel." The concept is generally lost on most people, unless one understands what problem he is trying to solve.
Feb 21 15 tweets 6 min read
1) Whether you believe #Bitcoin needs to upgrade or ossify, it's important to become familiar with Jevons Paradox and the “rebound effect,” in order to understand how technological innovations can lead to unintended consequences. 🧵 Image 2) In the 19th century, renowned economist William Stanley Jevons noted in his seminal book, "The Coal Question," that efficiency improvements in the use of coal in Scotland from 1830–1863 led to an increase in its demand, not a decrease as conventional wisdom would dictate. Image
Nov 26, 2023 9 tweets 4 min read
If you believed the #MH370 videos documented by @JustXAshton were debunked by 1990s stock VFX footage, you've been misled. Here's proof that nearly-identical blast patterns are found everywhere from shockwaves to supernovae. 👀 @JonesDanny @CorridorDigital @julianddorey @MickWest .@JonesDanny, @CorridorDigital now that the so-called 90s VFX debunk has been shown to be nothing more than apophenia (the perception of meaningful patterns where none exist) will you issue an apology and retraction to viewers who were misled by your fallacious assessment? Image
Jul 26, 2023 27 tweets 10 min read
1/ If Non-Human Intelligence exists, has it been gifting technology to humanity for millennia? From agriculture to Bitcoin, let's examine technologies throughout history that were seemingly gifts that pushed the human race forward. Image 2/ Investigative journalist, Ross Coulthart, recently revealed on Project Unity that one of his sources alleges the reports of Non-Human Intelligence are not extraterrestrial visitors. Rather, he posits they are an advanced Earth civilization that predates our own.
Jul 18, 2023 11 tweets 4 min read
1) 🧵 @ben_mckenzie's thesis that Bitcoin "...is a story, it will last as long as people believe in it." is not the slam dunk he thinks it is. All 💵 money is what is known as a "shared fiction" that allows humans to facilitate trade. Let's explore why... 2) Co-host of @NPR's @planetmoney, @jacobgoldstein's book "Money: The True Story of a Made-Up Thing" chronicles the history of money as a shared fiction. npr.org/2020/09/08/910…
Jun 15, 2023 14 tweets 6 min read
1/ Stop trusting centralized app stores that can censor your #Bitcoin app at any moment. Progressive Web Apps (PWAs) are unstoppable, universal, lightweight and can be installed on any phone by simply adding them to your Home Screen. It's this easy. Let's learn more about them. 2/ Progressive Web Apps are websites that work everywhere and can be safely installed on your phone, without worry. Try it out now. Go to timechainstats.com, tap the Share icon, and tap "Add to Home Screen" to get a free Bitcoin dashboard app. Image
Jun 13, 2023 8 tweets 4 min read
1/ For those circulating a 12 sec clip of @GaryGensler (from Fall 2018), taken of context, where he claims 70% of crypto isn't a security. Watch this longer clip from 2018 and it's clear he was using total market cap, and stating the SEC's 2018 opinion, which he disagreed with. 2/ As for Ethereum, he specifically stated that Ethereum "could get off the hook" because it "has been more decentralized recently" and, like Litecoin and Monero, it used Proof of Work at the time. Today, that's no longer true about Ethereum, of course. Image
May 3, 2023 8 tweets 6 min read
🧵 1) Did you know that prior to 2020 @TheDemocrats and environmentalists were the most enthusiastic supporters of Demand Response technology for "Smart Grids"? Today, Biden and Dems are maligning Demand Response, in order to attack #Bitcoin.

Let's go back in time and see. 👇 Image 2) In 2009, @HouseDemocrats Henry Waxman and @EdMarkey introduced the American Clean Energy and Security Act of 2009 (ACES) to promote clean energy and "Smart Grid" demand response. Today, Markey is one of the most vocal critics of #Bitcoin mining demand response. Image
May 2, 2023 20 tweets 10 min read
🧵 1) Do midstream oil and gas corporations — one of which is owned by one of the largest individual shareholders of The New York Times — benefit from the publication’s recent attack on #Bitcoin mining? Let's find out. 👇bitcoinmagazine.com/culture/why-th… 2) One of the largest NYT shareholders currently owns 8% of NYT's class A shares. He is the eleventh-richest person in the world with a net worth of $86 billion, making him the richest person in Latin America. In 2009, he loaned the NYT $250 million. Image
Mar 28, 2023 36 tweets 18 min read
🧵 1) Why are environmental activists and climate policy advocates changing their minds about #Bitcoin? The answer is that Bitcoin is what is known as a "counterintuitive solution." Let's find out why. 2) Counterintuitive solutions are perceived to be a net negative for humanity, but are actually a net positive. They go against conventional wisdom and require humility and open-mindedness to recognize. For example, blood transfusions were banned in the late 17th century.
Mar 5, 2023 61 tweets 24 min read
🧵 1) Nostr is 👍, but there are limitations and serious risks associated with using Nostr for your identity. Let's take a closer look at what the issues are, why it needs to be solved and why using Nostr for identity can increase the risk of security vulnerabilities and attacks. 2) The ability to robustly secure one’s identity is critical to functioning societies. Without proof of identity, individuals cannot access banking services, gain employment, or receive voting rights. Solving decentralized identity is crucial for individual sovereignty.
Mar 3, 2023 23 tweets 5 min read
🧵 1) Tired of journalists who can't accurately cover #Bitcoin? Write a Letter to the Editor to let them know what the author got wrong and why it needs correcting. Do it now. (Be cordial and constructive if you want to be taken seriously).

technologyreview.com/help#contact-us

Here's why... Image 2) Correcting misinformation: When an article contains factual errors or misinformation, it can mislead readers and perpetuate misunderstandings. By writing a letter to the editor, readers can bring attention to these errors and help correct the record.
Mar 1, 2023 20 tweets 10 min read
🧵1) THREAD: Dear @ahcastor. Your article gets so many things wrong about #Bitcoin that it's any wonder @techreview published it, unless misinformation was the goal. Let's go through the issues, one-by-one. 2) "Last year, Ethereum went green...it reduced its direct energy consumption by 99%."

Not quite. If Ethereum was actually using 99% less energy, then transactions costs would be 99% lower. Unfortunately, all they did was obfuscate their energy purchases. bitcoinmagazine.com/culture/bitcoi…
Feb 13, 2023 26 tweets 16 min read
"[They] simply pay to enter"

Hi @KalPenn. Perhaps it didn't occur to you at the time, but you're using an infinitesimal impact on the environment to advocate for turning a global meritocratic monetary system into a "pay to play" system for wealthy plutocrats. Also, the idea that Proof of Stake uses 99% less energy is a myth. All it does is obfuscate the energy usage of the virtue-signaling plutocrats who run those networks. bitcoinmagazine.com/culture/bitcoi…
Jan 16, 2023 34 tweets 14 min read
🧵1) If #Bitcoin is the foundation for a revolutionary form of cybersecurity, would humanity recognize it? Can Bitcoins in wallets act like transistors in a planetary scale computer? Let's examine @JasonPLowery's thesis and why he believes Bitcoin may be far more than money. 👇 Image 2) During the 9th century, Taoist alchemists experimented with a highly volatile mixture of elements in their quest for the elixir of life. Dubbed "fire medicine," their mixtures of sulfur and saltpeter inadvertently led to the discovery of gunpowder and changed history forever. Image
Sep 9, 2022 18 tweets 11 min read
🧵@WHOSTP's report on Crypto-Assets relies heavily (18 times!) on exaggerated data from a personal "hobby" blog run by Alex "Digiconomist" DeVries—an employee of the Dutch Central Bank which is developing a Euro CBDC. His blog uses dubious methodology and is not peer-reviewed. 1/ Image The @WHOSTP's mission is to "provide the President and his senior staff with accurate, relevant, and timely scientific and technical advice on all matters of consequence; second, to ensure that the policies of the Executive Branch are informed by sound science." 2/ Image