🔏Coinjoins are making #bitcoin privacy great again, if it ever was.

But there's a ton of drama around different implementations, so it is very hard to see through the noise.

How to do coinjoins right to reclaim your privacy?

1/16 Strap in 👇bitcoinmagazine.com/technical/navi… 2. Not all coinjoins are made equal

What is an acceptable level of anonymity?

What does anonymity even mean in the context of bitcoin privacy?

How are particular CoinJoin designs dealing with blockspace scarcity?

Few do it well, if blockspace scarcity is considered to matter.

1/4 How much inflation is right?

2%, 5% or 10%?

In Europe, the US and Western countries, inflation is usually expected to be around 2% per year.

It's now between 5 and 10%.

It's not right.

Anything above 0% inflation is wrong. It's theft. 2. It's almost like expecting a swimming pool to leak 2% of its water every year and saying it's OK.

While that seems reasonable, it is still a leak.

Any inflation rate above 0% is a leak.

So, 0% inflation sounds ideal.

1/ 👀Is #bitcoin any good for your privacy? 🔍

Back in its early days, bitcoin was confused for an anonymous payment system. Today most know it's pseudo-anonymous.

Using bitcoin privately is hard due to its open design, which also makes it anti-fragile and censorship-resistant. 2) Bitcoin is free and open source software. Transactions are cheap to with no trusted third parties.

All coins (UTXOs) are watched by everyone, which allows for 1) protection against fraud and 2) inflation.

Being open is good obviously.

1. #bitcoin is (on path to become) the world's most advanced financial surveillance network.

Not quite the "bitcoin is the world's best savings technology" opium.

Read on... 2. Privacy on #bitcoin is very hard. Most users don't care or are just not aware that most of their transactions are watched all the time.

1/5. After years of stacking sats diligently, it was about time I upgraded my old hardware wallet. I just couldn’t find a #bitcoin key manager I really loved.

Fuck it, we built it. @DuxReserve desktop app is now available in beta!

Early access here: beta.duxreserve.com 2/5. You can create watch-only wallets and multisig vaults. Have full control of your hardware devices. It’s easy and secure. And it’s free and open-source.

No KYC. No license. No one’s permission.

All your #bitcoin in one place.

1. Can family offices protect their legacy without #Bitcoin?

The looming “Great Monetary Inflation” hints at no.

Thread on the $5.9 trillion family offices asset manager category, which will have to share only 21 million bitcoins.

On @knoxcustody blog: blog.knoxcustody.com/legacy-bitcoin/ 2. It is now irresponsible for fund managers with medium to long term investment horizons to have no allocations in scarce and non-debaseable assets.

Bond yields have reached their lowest lows, real estate has recently hit all time highs, and an ounce of gold is now topping $2k.

1. Is bitcoin the world’s safest reserve asset?

Having bought $250M of bitcoin, NASDAQ-listed MicroStrategy’s opening gambit says so.

Let’s analyze what it means for Wall Street, corporate treasuries and Bitcoin.

Thread! ✍️

blog.knoxcustody.com/bitcoin-safest… 2. @MicroStrategy’s 21,454 BTC buy snapped up 0.1% of Bitcoin’s fixed supply of 21 million. That's 50% of their excess cash—a novel capital allocation strategy.

Only 978 companies can do the same, before supply technically “runs out”, though in practice most of it isn't for sale

1/ COVID-19 has shut down our world. And that's insanely stupid. IN-SA-NE.

Millions of people will die from the resulting economic depression. Way more than potential COVID-19 deaths.

COVID-19 is the ultimate excuse for governments' abusive grips on society. They win. We lose. 2. Yes, we do have to limit exposure to protect our loved ones with higher health risks.

Does it mean bankrupting millions of families and hard-working people who now can't pay their bills?

COVID-19 is crushing the middle class, entrepreneurs, restaurants, cafes and local life.

1/7 When Dropbox, Google or Facebook built their empires, they did it on the Internet.

The Internet was built in layers on a multitude of computer network protocols. Notably, the Internet Protocol (IP) made it mainstream.

Protocols just work together: TCP/IP, HTTP, FTP, etc. 2/7 Companies building credit, derivatives, custody or insurance on Bitcoin will win long-term, similar to their homologues that built on top of many layers stacked over IP.

The Bitcoin Protocol (BP) is giving birth to a monetary revolution—also built in layers.

Trying to make sense of negative interest rate policies––also called NIRP.

What's rational in paying someone to borrow money?

Yet, negative-yielding debt has spread to more than 30% of the world’s investment-grade bonds––uncharted territories.

Quick take on a brief dive 👇 Primer on negative interest rates: "a scenario in which cash deposits incur a charge for storage at a bank, rather than receiving interest income."

1/30. Managing bitcoins, or their private keys, is still non-trivial after over 10 years of existence. And yet, it's one of the most essential concern of the space.

Let's dig into this! I put the core headlines in the thread below 😎

Full read here: thib.ca/managing-bitco… 2. First principles: owning a bitcoin actually means controlling the underlying private key that secures it.

Bitcoin is finally bringing fair, open, and social markets to anyone in the world.

But before that happens, let's dig into the weird history of money! 😎

Check a not-too-long thread below, or the not-that-too-short post right here: thib.ca/on-moneys-weir… 1. Over millennia, humans' social desire led us to help, trust and trade with non-akin individuals to create mutually beneficial value.

1. Without anyone's permission, Bitcoin, the now infamous internet-native currency, was birthed 10 years ago as an open software project. Since, it has been silently turning into an un-stoppable form of value accumulation and transfer. 2. It is now clear that Bitcoin is an un-seizable liberty for anyone to opt-out of the legacy and elitist financial system. And nobody is behind Bitcoin, but anybody can participate. A truly open and organic financial revolution.