Pillars of Bitcoin

Curated Bitcoin articles. #Bitcoin

|Knowledge makes a man unfit to be a slave.|

[Pillars of Bitcoin @BitcoinPillars]

@SStacksats @Bubblespotting @Schuldensuehner He sees a chart going down so he thinks it is going down more 🤦 like my TA! 🤦

[Pillars of Bitcoin @BitcoinPillars]

@romariohodl Degree shillers. The worst!

[Pillars of Bitcoin @BitcoinPillars]

@PrinceySOV You are being polite

[Pillars of Bitcoin @BitcoinPillars]

@LilysRealty @nayibbukele Kindly disagree.

[Ben Kaufman @_benkaufman]

Fuck @BitPay

[Pillars of Bitcoin @BitcoinPillars]

@Jason 🤦

[Pillars of Bitcoin @BitcoinPillars]

@jamesviggy @The_CryptoNomad @AlyseKilleen 🤣

[Pillars of Bitcoin @BitcoinPillars]

@MyLegacyKit Oh man!

[Pillars of Bitcoin @BitcoinPillars]

@MyLegacyKit I can't even...

[Pillars of Bitcoin @BitcoinPillars]

@JoshFriedlander @harrigan_pete Smart.

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles Might be a bad example. But the network per se doesn't mean it's very valuable. I struggle to see value in the Ethereum chain. Bitcoin derives it's value from immutability, and trust. That's almost impossible to replicate.

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles Smart contracts are pretty cool yes. They have been around for decades. If we could really decentralize these, they have potential to do great things. But a chain running these (that can also be done with a few AWS instances) is not worth billions of dollars imo.

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles The financial system's size is about ownership. Ownership of debt, shares of a company, commodities, real estate... What part of the financial system does ether compare to that is so big? None of the above. It's a tool yes, but I don't see much value in a smart contract platform

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles I don't see defi on bitcoin as a good thing. But that is my opinion. And I'm one of those that think def isn't real, or sustainable.

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles And we expect people to keep swapping shitcoins for shitcoins? Ethereum collapses every few years. Stablecoins will collapse under regulatory pressure. I will be surprised if this defi thing will even exist in 2-5 years! Let alone the far future.

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles I'm not really the person to discuss these kind of things with. I hardly recognise half of those 🙂

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles Developers follow the money. For now, that's Ethereum (partly due to massive funding from the premine). but that can change in a matter of months imo. Apps can be ported on other chains.

[Pillars of Bitcoin @BitcoinPillars]

@PickACardHS @undef_ined @notgrubles Ehm? Ethereum is the LEAST secure chain of them all. They hard fork at will, without users even wanting it (the DAO?). Not a SINGLE chain has even tried doing that! By definition, it is the least trustable chain of all.

[Pillars of Bitcoin @BitcoinPillars]

@CryptoWhale What?