Hongbeom Park

[Chris Burniske @cburniske]

In world full of change, #bitcoin’s commitment to not change (from 21M total supply) differentiates it significantly as an asset.

[Hongbeom Park @HongbeomPark]

@knifefight any thoughts on Lido? The site says, "Stake your ETH with Lido and receive liquid stETH with daily rewards". Lido will invalidate your premise that ETH staking makes capital more expensive for others.

[Geoff Lewis @GeoffLewisOrg]

Chess board of how to invest was flipped over in Sep 2008. The pieces scattered to the floor.

Was next flipped over in March 2020.

Was flipped over again today.

And will be flipped over again sooner rather than later. Acceleration.

[Hongbeom Park @HongbeomPark]

@mikemcg0 been thinking about this for a while and your essay was really informative. Thanks!

One thing: I was surprised that you didn't mention the Bitcoin smart contract platforms like RSK or Stacks. Do you think smart contracts on Bitcoin won't gain adoption?

[Ciarán Murray @C1aranMurray]

1/ Bayesian reasoning applied to crypto - A Thread

There are various theories that have been devised to try and understand crypto's future. These include the halving cycle, the stock-to-flow model, and various wave theories among other things.

[Austin Hill @austinhill]

I’ve been thinking a lot about how some people in the bitcoin community have embraced labels like ‘toxic’, ‘maximalist’ and turned them into badges of honour celebrating meme culture and at times hostility as a community immune response to attacks.

[Michael Saylor @saylor]

#Bitcoin Mining serves as the foundation of the monetary network - critical to its growth, stability, longevity, vitality, & integrity. The Proof of Work architecture is a masterpiece of engineering that anchors the system to the real world, providing Seven Layers of Security.

[Hongbeom Park @HongbeomPark]

@SDLerner @RSKsmart @Stacks @TO @JudeCNelson @PatrickWStanley any feedback on the arguments Sergio made? Like Ethereum had a google doc where anyone could post comments on Lyn Alen's criticism of Ethereum, Stacks needs a public place for discourse.

[Dan Tapiero @DTAPCAP]

Don't worry...

#Bitcoin is bigger than #ElonMusk or #Tesla.

[Sage @IamSage]

Lasting wealth isn't made by following the herd

Information asymmetry is a true edge, always will be for sustainable wealth creation

Don't chase the latest shitcoin pump. Venture into the unknown. Go where the crowd isnt yet

Pay attention to narratives, it's what causes fomo

[Sundeep Peechu @speechu]

Finding it hard to square the fact that it only took 2 days to create the vaccine and costs <$90B to give it to everyone on the planet and yet here we are, losing thousands/day after spending trillions, hoping it won’t mutate further and evade antibodies and start all over again.

[Hongbeom Park @HongbeomPark]

@erulabs @ChimRichalds20 @pepecottage @novogratz @cz_binance @brian_armstrong @SBF_Alameda @tyler Everything on Ethereum is possible on Bitcoin layer 2. And it's happening. Check out Liquid network, RSK, and Stacks.

[Mike Novogratz @novogratz]

It is time to switch to Satoshis. Too many people telling me at $58,000 $BTC too expensive. Which exchange will be first to quote in SATS? @cz_binance @brian_armstrong @SBF_Alameda @tyler

[Hongbeom Park @HongbeomPark]

@TO @muneeb Cathi Wood considers bond as a sov use case and thinks the TAM for sov is hundreds of trillions. Are you saying the TAM for smart contracts is thousands of trillions?

[muneeb.btc @muneeb]

How does the recent interest in Ethereum impact the crypto industry?

Tweet thread👇

[Naval @naval]

Happiness is evident more by its absence than by its presence.

[Hongbeom Park @HongbeomPark]

@Gina__Abrams @Stacks @muneeb 1. what trade-offs does the stack's design make?
2. how do the microblocks (stacks' scalability solution) work?
3. any thoughts on EIP-1559 and how it affects utility tokens? will other utility tokens such as stx follow suits

[Sam Altman @sama]

the interval from gratitude to entitlement is so short

[Kpaxs @Kpaxs]

The Worry Filter

With any worry, ask yourself:

Is it really important? Does it matter? No, then stop.

Is it really likely? Is there a good chance? No, then stop.

Can I do anything about it? No, then stop.

If “Yes” to all three, then DO something.

[Hongbeom Park @HongbeomPark]

@TO I know the stacks transactions eventually settle on Bitcoin. But how about the security of the microblocks?