Gene "Make Bitcoin Useful" Kavner

Founder, CEO of ex- executive. Now on a mission to make #Bitcoin useful to all.

[Nick Szabo @NickSzabo4]

Massive unemployment, supply chain problems, etc. are due to *responses* to the viral outbreak. Viruses don't ban businesses. People do.

Don't let politicians, public health officials, media, and others who decided to wreck our economies evade this crucial distinction.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@Nira_tyra @iPayYouWallet Hi KingOfQueens -- I personally make sure that my team at https://t.co/kkFwg5Uwx2 addresses all questions related to sending bitcoin. Nothing changed since we started almost 4 years ago. If you have a specific question, please email our fantastic support: [email protected].

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@mikebelshe Mike, if they were to stay buying USDT, that would drive demand, causing price to jump instantly, perhaps to > $1. So how much would they really make before price jumps? Perhaps not enough to make the process be worth the effort.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io Any crypto may be hijacked at some $ per hour. Risk of hijack can always be mitigated by waiting for "x" confirmations until hashpower ramps up. There will be a day when BSV will have same hashpower as today's BTC.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io I started with BTC when it had fraction of hash power it has now - was it insecure then? It will have 1000x hashpower in a few years - does that make it insecure now? I would be happy to establish how much min hashpower one must have to be "secure enough", perhaps BSV has enough.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io Sure, and if they decided to just delist based on discussions, that's a respectable decision. Once they issued a poll and decided based on poll results, that's questionable. Will every decision be made based on a poll? What if poll resulted differently? Thanks for discussion! :)

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@real_vijay @ErikVoorhees There is a critical missing component: "deterministic". Fiat is "C" because it's reversible. Bitcoin is "C" because you can never guarantee tx will confirm. During periods of fluctuating fees one never knows the "right fee" to attach making Bitcoin "D-" for being deterministic.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@real_vijay @ErikVoorhees I would rate Bitcoin as "C" in "Divisible". Concept of "dust" is built into software but not price. As price grows, more and more "regular" transactions fall below dust level, making them impractical. For all intents and purposes, Bitcoin is not easily divisible at all.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io If it were a business driver, they wouldn't need a poll and I would respect the decision far more. The moment they issued a poll and decided to go with the poll results, it became a mob-mentality decision.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io There is nothing inherent to #BTC that would prevent this, other than way more hashpower in BTC. BTC has its own growing pains and vulnerabilities to overcome, such as crazy fees causing dozens of panicked messages to our Support line. Let markets decide which pro/con is better.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@DeaterBob @moneytrigz @wtogami @Bitcoin I am sure you have checked definition of the word "investment" : https://t.co/OvF6I0xKID. USD by every definition fails to meet criteria, even if it does lose value far less than the Bolivar. But USD is certainly sustainable.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io Of course private companies can do whatever they want. But if their actions are based purely on mob effect, such as a Twitter poll, that is a very dangerous slippery slope for all of us. I doubt that there was any business driver for the Kraken move other than the mob effect.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io Anyone from the old financial sector could easily brand the entire crypto space as fraudulently claiming that crypto is money and should be "delisted". Argument you are making could really be used by any mob against you as well. That's why we have freedoms.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx @binance @ShapeShift_io You have to recognize that Bitcoin is not copyright protected, so anyone has full right to decide for themselves what is and what is not Bitcoin. I am fully aware of all differences between BTC and BSV and I still want to have the freedom to use or not use BSV as I choose.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@DeaterBob @moneytrigz @wtogami @Bitcoin US Dollar is sustainable. People have been using it for a hundred years. It is the reserve currency of the world. It is anything but an investment. Challenge all assumptions you make - some may be true, others not.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@ImA3STHETIC @iPayYouWallet Thank you for your interest in iPayYou! Please send your ideas to our terrific support staff at: [email protected]. We look forward to connecting.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@btcfork @krakenfx @krakenfx has now set the precedent that business decisions will be guided by a Twitter poll. What if a poll results turn out to be "let's close down Kraken"? Will they go to shareholders and say "bummer, we have to liquidate as per poll results"? This is mob rule, not freedom.

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

@BlatantTroll @krakenfx "it was already decided" - by who, the mob? If you personally think BSV is a fraud, then don't trade it or use it. But let every individual for themselves make that decision. What if "they" decide that Bitcoin is fraud? #SlipperySlope

[Gene "Make Bitcoin Useful" Kavner @GeneKavner]

I may not agree on much with @adam3us but on this one he is right on.

[Adam Back @adam3us]

unpopular opinion: listing coins should be on technical factors only. IMO many alts/forks/ICOs starting with oneCoin, bitConnnect but many more are not "investable" (I wouldnt buy any of them) but some want to trade them and it's a free world. it shouldn't be a popularity contest