Quick math:
-330k BTC mined / year this halving era
-FTX has -$1.4B in BTC on books, meaning 80k BTC
-Assuming incurred this year, means FTX "increased" BTC supply issuance 25% this year
-Others likely did same
No wonder we're under prior cycle highs.
Halving math interference.
Weeks ago I recorded an interview with @BusinessInsider to discuss @SBF_FTX claims that #Bitcoin can't scale, won't be used for payments, and that proof-of-work is bad for the environment.
It was never published.
So, I uploaded it.
#Bitcoin is the signal in a sea of noise.
#Ethereum’s problems are caused by constantly optimizing for tokenomics over decentralization, security, and resilience. It looks like the Merge and POS will lead to complete regulatory capture by centralized exchanges & staking platforms, and there’s no way out for them. 🧵👇
#Bitcoin wasn't designed to be slow, expensive, this, or that.
#Bitcoin was designed to allow a digital instrument to travel across space and time, forever.
Lightning is a payment standard that uses this digital instrument to enable value to travel at the speed of light.
🚨 ATTENTION 🚨
dear plebs,
today, we gather to celebrate
over 100k of you follow us and we're officially @strike
(RIP @ln_strike 🪦🙏)
to celebrate, we’re tipping up to $10k
to participate RT and:
- enable Lightning Tips on @Twitter
- or drop your strike username
LFG 🚀