@Case4Bitcoin | Co-founder @messaricrypto | Creator of @onchainfx | No ICBMs...SLBMs are just fine | @pokernearme | Single Issue Voter | Husband & Father
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Sep 12, 2022 • 4 tweets • 3 min read
Doing some cleaning and found an old copy of @BitcoinMagazine. Nice little trip down memory lane:
Sep 9, 2022 • 12 tweets • 2 min read
The Ethereum merge is bullish for both ETH and BTC... 1/2/ Merge being bullish for ETH is pretty much a consensus view. (Made some more comments on that here:
And I think merge will differentiate BTC from ETH even more, which is long-term good for both.
Aug 30, 2022 • 11 tweets • 2 min read
Bitcoin is up 200,000% in the past 10yrs. To hold it for that period, you had to:
- Not sell a 10-bagger (usually a top career investment for people)
- Not sell a 100-bagger (prob life changing)
- Not fall for a scam
- Not get hacked
... 1/2/
- Not have your coins on one of the 50% of exchanges that ended catastrophically before 2015
- Not trade-in your BTC gains from the 2011 bull run for gold in 2012 (worst trade in human history?)
- Not think you "missed the bus" in 2010/11
Jun 7, 2022 • 9 tweets • 4 min read
Claim: "Bitcoin hasn't been an inflation hedge"
Reality: Bitcoin responded aggressively to the 2020/21 money-printing & front-ran CPI inflation.
And BTC is *still* way ahead of other assets.
Some charts: 0/1/ But first, printing vs CPI inflation
"printing" = central banks creating money out of "thin air". This is what BTC as fixed-supply money directly counters. It leads to inflation but isn't in & of itself inflation
"CPI inflation" = prices of goods go up (many possible causes)
May 14, 2022 • 9 tweets • 2 min read
In 2011 when Gox was hacked & BTC market-dumped to a penny, that was the entire ecosys.
In 2012 when pirateat40 blew up, that swung the market 50% in a few days. 1/2/ In April 2013 when BTC fell from $266 to $50 in a day, that was also the whole ecosys & we were the laughing stock of fintwit and many mainstream publications for a long time.
Feb 16, 2022 • 20 tweets • 4 min read
My current mental model for bitcoin adoption & price drivers:
A) Money printing
B) Demand for an uncensorable financial asset
C) Global tech/digital-native growth
D) Political megashifts
There are more, but feels like these are what may drive the market in foreseeable future 0/1/ A) Money Printing
This is pretty obvious. Bitcoin is humanity's first credibly fixed-supply money. In an increasingly digital-dominated world of fiat money, bitcoin stands out as a natural escape from debasement. This is where we get the "digital gold" idea.
May 23, 2021 • 11 tweets • 3 min read
I have no opinion on whether Bitcoin is entering a bear phase or not, but here are some things people say in every bear market, that have been proven wrong every time: 0/
1: "It's over forever. Bitcoin was a one-time bubble."
lol ok, here's the scoreboard - there are four 80% drawdowns in here:
Price is actually the *most* interesting thing about bitcoin. 1/2/ People like to say otherwise, but that's just trying to downplay a primarily monetary revolution as a primarily technological one.
Jun 21, 2018 • 15 tweets • 3 min read
1/ Lots of renewed focus on cryptoasset valuation lately. Not to throw a wrench into the works, but I think "peace of mind" drives most of the value...
2/ Without getting into the MV=PQ fight, it should be clear that if people *want* to hold an asset while not explicitly using it, that asset's marketcap needs to be higher to meet demand than an asset people ditch immediately.
