The 3rd Hand

Distributed ledger token market native. Speed reading between the lines. Followed by algorithms.

[The 3rd Hand @MasterOfBitcoin]

Speaking on early Soviet Russia @NickSzabo4 reminds us that "in order for communists to get a stranglehold on society they only needed the railroad stations, the handful of radio stations, & newspapers".
Controlling info channels & effectively managing them -> control of reality

[The 3rd Hand @MasterOfBitcoin]

@MartyBent 1st thought: I bet they’re both signed by CAA...

Confirmed.

https://t.co/BO50UuPolw
https://t.co/tUKOIni0CQ

If you don’t understand why I’d guess that or how that’s significant spend some time looking into it.

[The 3rd Hand @MasterOfBitcoin]

@lopp If Lightning becomes standard for BTC txs of any size... & Paypal, Square, et al create hubs to route these txs so that Bob won’t have to open/close channels w/ Alice & other friends, he just sends thru hubs... how does BTC sustain miner fees LT as block rewards —> 0?

[The 3rd Hand @MasterOfBitcoin]

@twobitidiot 60 something thousand as the peak of this rally will seem like such a silly idea 6 months from now

[The 3rd Hand @MasterOfBitcoin]

@muneeb Originally BitDNS, proposed by Satoshi

[The 3rd Hand @MasterOfBitcoin]

@adam3us Reid Hoffman was in your $21M seed round, correct? & layer 2 “solution” Lightning is funded by David Sacks, right? If the goal of L2 is make BTC usable as money the reply shouldn’t be “Paypal exists”... it should be “Paypal exists, for now”. But that’s not the response, is it?

[The 3rd Hand @MasterOfBitcoin]

The reason Bitcoin Core developers always respond this way to the argument that BTC should have lower fees, more Tx capacity, & faster confirmations isn’t really because “decentralization”

[Adam Back @adam3us]

in-short: @paypal already exists.

[The 3rd Hand @MasterOfBitcoin]

It’s because they work for Blockstream, which is funded by Paypal founders & investors. A Bitcoin with those qualities, at scale, would make Paypal worthless.

[The 3rd Hand @MasterOfBitcoin]

The deadwood of the Bitcoin ecosystem is leaving now. Our faith in the crypto economy will be well rewarded.
@TimDraper

[The 3rd Hand @MasterOfBitcoin]

The stage has been set for our ascent to a multi-trillion dollar crypto market by the end of next year.

[Jered Kenna @JeredKenna]

2/2

We used to say:

"people will be able to send money home to their families for 5 cents"

now we say "keep HODLing for 100k or 1 million"

We used to say let's build something amazing that will create that value and now it's how many people can we get to buy in.

[The 3rd Hand @MasterOfBitcoin]

@yanivf @nic_carter I don't disagree one is more probable than the other. But it's interesting how extremists on both sides pretend to know the unknown. "Trust me (No way to verify)".

[The 3rd Hand @MasterOfBitcoin]

People thought #bitcoin had hit the 'mainstream adoption curve' back in 2013. I'll confess, I did too. Pain is the best teacher.

[The 3rd Hand @MasterOfBitcoin]

@nic_carter And if that hashrate came back online within a day or so instead, it would look exactly like what we observed - correct? Whether it's probable or not, how can we rule out that wasn't the case?

[The 3rd Hand @MasterOfBitcoin]

@nic_carter It does beg the question: if 30% of BTC hashrate were to go offline for a brief period, what would we observe? What notable differences from what we saw would there be?

[The 3rd Hand @MasterOfBitcoin]

@noUpside Not a good look coming from the Director of Research who "wasn't aware" her firm employed Russian disinfo tactics in the Alabama senate race, then pushed fake news about Gabbard being supported by them too https://t.co/WddelqoxNP

[muneeb.btc @muneeb]

Facebook plans to install wiretapping software on WhatsApp clients.

Zuck was not kidding about focusing on user privacy this year.

[The 3rd Hand @MasterOfBitcoin]

@balajis Mobs and elite classes that arise naturally in social spaces may be healthy. The ones being forged here by aX accounts have the most deleterious impacts.

[The 3rd Hand @MasterOfBitcoin]

@balajis aX accounts do this by cloaking as a1/pseudonyms, or real names

Twitter's wide distribution includes more inattentive observers, and the mix of real names and pseudonyms helps create the impression to the inattentive observers that all accounts map ~1:1

[The 3rd Hand @MasterOfBitcoin]

@twobitidiot Seems to be working as intended:
1) Extract value from our ecosystem while providing none; 2) Set tripwire, exchanges sell to legacy finance or get rekt; 3) Fast-track groups who stuff their ranks w ex-regulators & pay the right people; 4) Make Ben Lawsky a "crypto consultant"