The #Bitcoin fundamentals of four generations of inflation, entitlements, and regulations are separate and apart from #Bitcoin the technological innovation. If we had sound money there would be little demand for Bitcoin. (1/13)
@woonomic @realmaxkeiser @stacyherbert @ToneVaysBTC @UglyOldGoat1
— Abolition (@kalsangdolmanz) January 22, 2021
What do you guys think? https://t.co/mF1z9QL1My


https://t.co/czO3Tctv0I

More from Bitcoin
I have a different take on bitcoin, tether, and dollars
Can also speak with authority on nation state violence
"Nothing makes you feel more free than taking another person's freedom"
and @profplum99 concerns with tether, bitcoin, and decentralization make sense yet I remain long BTC
They are correct on force, I worked in decentralized societies, they are dangerous because the state does not have a monopoly on violence
For those in the first world who have never seen a milita ride out of the desert, kill and enslave farmers, and the government cannot stop it because the 21st century slave trade pays better than the UN, the reality of decentralization is might equals right
I know, that isn't the decentralized future Buterin talks about while wearing a t-shirt with a cat fighting space invaders on it (love those shirts)
But we need to be real, disrupting the global centralized economy won't be like Uber putting taxis out of work
It will be war and faminine level disruption as old empires come alive again
For decentralization to rise the centralized global power of the last 70 years (US Hegemony) has to weaken
Yes we will be rich, but as the Big Short says,
"you can be happy, just don't fucking dance"
Can also speak with authority on nation state violence
"Nothing makes you feel more free than taking another person's freedom"
After much investigation and conversations with people on here, I\u2019ve formed a relatively robust theory of what may be happening with Tether.
— Travis Kimmel (@coloradotravis) January 18, 2021
This thread will attempt to lay it out with neutral language for the purpose of discussion.
1/
and @profplum99 concerns with tether, bitcoin, and decentralization make sense yet I remain long BTC
They are correct on force, I worked in decentralized societies, they are dangerous because the state does not have a monopoly on violence
For those in the first world who have never seen a milita ride out of the desert, kill and enslave farmers, and the government cannot stop it because the 21st century slave trade pays better than the UN, the reality of decentralization is might equals right
I know, that isn't the decentralized future Buterin talks about while wearing a t-shirt with a cat fighting space invaders on it (love those shirts)
But we need to be real, disrupting the global centralized economy won't be like Uber putting taxis out of work
It will be war and faminine level disruption as old empires come alive again
For decentralization to rise the centralized global power of the last 70 years (US Hegemony) has to weaken
Yes we will be rich, but as the Big Short says,
"you can be happy, just don't fucking dance"
1/ If, like me, you've been looking at #Bitcoin over the last few years with interest, but you have never really decided which side of the fence you sit on, this thread might be good for you.
This isn't another opinion piece on #Bitcoin , in-fact, it's exactly the opposite. 👇🏼
This thread is a list of resources I have found to be useful and insightful when it comes to understanding the pros and cons of #Bitcoin .
Below, you'll find knowledgeable people 👩🏽💻, articles/essays 📝, podcasts 🎧 and videos 📹 about #Bitcoin . Enjoy!
/2 People 👩🏽💻
These individuals are valuable to listen to, whilst they are bullish, they justify their stance:
@RaoulGMI
@michael_saylor
@DTAPCAP
@APompliano
@VentureCoinist
@AlexSaundersAU
@danheld
@aantonop
@jchervinsky
@real_vijay
@lawmaster
@LynAldenContact
/3 Resources 🏢
A video library of interviews from various Bitcoin enthusiasts. 👇🏼
https://t.co/CJJvHavSOn
A great guide for new investors to Bitcoin. 👇🏼
https://t.co/fOoSfTlWr5
A portal for people to go from zero knowledge to intermediate level.
/4 Tweet threads 🐦
A great thread on rebuttals from common #Bitcoin queries/criticisms. 👇🏼
https://t.co/tPEpFMMPhH
Why companies are starting to put BTC on the balance sheet. 👇🏼
https://t.co/lL71M1A3NF
“A double-spend broke Bitcoin" debunked.
This isn't another opinion piece on #Bitcoin , in-fact, it's exactly the opposite. 👇🏼
This thread is a list of resources I have found to be useful and insightful when it comes to understanding the pros and cons of #Bitcoin .
Below, you'll find knowledgeable people 👩🏽💻, articles/essays 📝, podcasts 🎧 and videos 📹 about #Bitcoin . Enjoy!
/2 People 👩🏽💻
These individuals are valuable to listen to, whilst they are bullish, they justify their stance:
@RaoulGMI
@michael_saylor
@DTAPCAP
@APompliano
@VentureCoinist
@AlexSaundersAU
@danheld
@aantonop
@jchervinsky
@real_vijay
@lawmaster
@LynAldenContact
/3 Resources 🏢
A video library of interviews from various Bitcoin enthusiasts. 👇🏼
https://t.co/CJJvHavSOn
A great guide for new investors to Bitcoin. 👇🏼
https://t.co/fOoSfTlWr5
A portal for people to go from zero knowledge to intermediate level.
/4 Tweet threads 🐦
A great thread on rebuttals from common #Bitcoin queries/criticisms. 👇🏼
https://t.co/tPEpFMMPhH
Why companies are starting to put BTC on the balance sheet. 👇🏼
https://t.co/lL71M1A3NF
“A double-spend broke Bitcoin" debunked.
1/ Fear and Bitcoin.
— Dan Held (@danheld) January 10, 2021
Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through \u201cFear, Uncertainty, and Doubt\u201d or what we Bitcoiners have nicknamed \u201cFUD.\u201d
The defi matrix
As each asset class goes on-chain, it can be stored in a digital wallet. And it can be traded against other such assets. Not just cryptocurrencies, but national digital currencies, personal tokens, etc.
We’re about to enter an age of global monetary competition.
The defi matrix is the table of all pair wise trades. It’s the fiat/stablecoin pairs, the fiat/crypto pairs, the crypto/crypto pairs, and much more besides.
Uniswap-style automatic market making for everything. Every possession you have, constantly marked to market by ~2040.
More liquidity, less currency?
This is an interesting point. Cash doesn’t make you money. In fact, it can lose you money in an inflating environment.
Reliable, 24/7 mark-to-market on everything is hard — but if achieved, means less % of assets in cash.
AMMs boost BTC. Here's why.
- All assets trade against all assets in the defi matrix
- Automated market makers give liquidity for rare pairs
- Everything is marked-to-market 24/7
- Value of cash drops, as you can liquidate instantly
- The new no-op is to keep your assets in BTC
Basically, automated market makers like @Uniswap boost BTC in the long term, because they allow *everything* to be priced in BTC terms, and *anyone* to switch out of BTC into their asset of choice.
Though in practice this may mean WBTC/RenBTC [or ETH!] rather than BTC itself.
As each asset class goes on-chain, it can be stored in a digital wallet. And it can be traded against other such assets. Not just cryptocurrencies, but national digital currencies, personal tokens, etc.
We’re about to enter an age of global monetary competition.
The defi matrix is the table of all pair wise trades. It’s the fiat/stablecoin pairs, the fiat/crypto pairs, the crypto/crypto pairs, and much more besides.
Uniswap-style automatic market making for everything. Every possession you have, constantly marked to market by ~2040.
More liquidity, less currency?
This is an interesting point. Cash doesn’t make you money. In fact, it can lose you money in an inflating environment.
Reliable, 24/7 mark-to-market on everything is hard — but if achieved, means less % of assets in cash.
Thus less use for currencies as people can more easily store their wealth into assets and easily trade them.
— Pierre-Yves Gendron (@pierreyvesg7) February 24, 2021
AMMs boost BTC. Here's why.
- All assets trade against all assets in the defi matrix
- Automated market makers give liquidity for rare pairs
- Everything is marked-to-market 24/7
- Value of cash drops, as you can liquidate instantly
- The new no-op is to keep your assets in BTC
Basically, automated market makers like @Uniswap boost BTC in the long term, because they allow *everything* to be priced in BTC terms, and *anyone* to switch out of BTC into their asset of choice.
Though in practice this may mean WBTC/RenBTC [or ETH!] rather than BTC itself.