Dani Schwarz

freedom is the ultimate luxury

[Jack Mallers @jackmallers]

#Bitcoin 101: Satoshi's Innovation

Understanding why and how Satoshi Nakamoto used proof of work to crack the code that unlocked the best money in human history.

Gold is stuck in the ground, #Bitcoin is stuck in the future.

My keynote presentation at @BitcoinAtlantis:

[Mike Belshe @mikebelshe]

The reason people are so shocked by Bitcoin price is because we think we understand static supply but we don't. For centuries, humans thought various monies were effectively fixed supply. But they were not. Not even gold. And as the value of a money goes up, the temptation for humans to cheat and tinker with the supply goes infinitely higher. Bitcoin is the first asset to solve this problem with true fixed supply. It will be a fascinating economic theory lesson for all of us.

[Elon Musk @elonmusk]

Was just informed that approval to launch should happen in time for a Friday launch

[Dani Schwarz @Schlagi74]

https://t.co/n85nLqzCQJ

[BRITISH HODL ❤️‍🔥🐂❤️‍🔥 @BritishHodl]

If BlackRock wants to match $GBTC's #Bitcoin under management.

Which is currently $21.7bn.

They would work on their clients, currently managing $11 Trillion, and get them to inject say another $25bn.

The problem is that as they do this, unlike other assets, the Bull Market Multiple comes to play.

If Bank of America's research is correct.

BlackRock getting their clients to inject just 0.2% of their AUM.

Could drive up the market cap of #Bitcoin by $2.3T.

Taking the price per coin to roughly $133k.

IF they managed to get all $25bn in without shaking the market price multiple from what it is according to BofA.

That would drive up the AUM of $GBTC to $74bn with their 560k #Bitcoin.

At which point, assuming an average purchase price of $84k for BlackRock, they would only control roughly 297,000 #Bitcoin.

Except the market dynamics will work nothing like this.

There will be a HUGE spike in the HODL rate as soon as an ETF is approved.

Spot trading will slow.

Unfortunately, unlike fiat, you can't just print your way to a higher AUM.

You actually have to convince people to sell $GBTC and acquire BlackRock's $IBTC.

Then the institutional hunger games.

Which drives up the price more.

And I've only just mentioned 2 of the players in the field right now.

#Bitcoin is unlike any other asset, the hunger games are no joke.

It's a self fulfilling prophecy as competition heats up.

The only question is, will you be at ONE #Bitcoin and watching laughing from the sidelines?

Or not.

[Dani Schwarz @Schlagi74]

@Bobby_5326 just heard you are back poking your traders 🤘

[Kelly AuCoin @KellyAuCoin77]

Bobby’s back, baby! And I’m gonna poke him all goddamn day.

(HR!)

#Billions
@SHO_Billions

[Stoic Lesson @StoicLesson]

5 Stoic lessons from Seneca:

1. We suffer more in imagination than in reality

2. Associate only with people who improve you

3. The greatest remedy for anger is delay

4. Value your time more than your possessions

5. Death is not in the distant future. We are dying every day

[Robert ₿reedlove @Breedlove22]

“What is Money?” will be regarded as the defining question of our time in history.

[TON 💎 @ton_blockchain]

The TON Foundation Board also has a new member.

Manuel Stotz is a #blockchain technology enthusiast and the founder of Kingsway Capital. Stotz will concentrate on growing TON further and strives to attract billions of users to Web3.

Welcome to the TON Foundation Board!

[Dani Schwarz @Schlagi74]

@mishadavinci Why should everything run on the blockchain? I assume you don’t mean THE bitcoin blockchain. Rather a ‘privately run’ blockchain, which is a database and centrally managed

[Dani Schwarz @Schlagi74]

@levelsio The last dance - Chicago Bulls old VHS footages and F1’s Drive to survive

[Chris Boettcher @chrisboettcher9]

I've completed 10 Ironmans and treated over 3000 patients over the past 10 years.

Here's every fitness tip I could think of:

1) Kids will only move as much as their parents do.

[Muslim Bitcoiner BIP-110⚡ @MBitcoiner]

I've compiled a reading list of articles that outline the case for why it's Bitcoin only and not crypto.

The ultimate Bitcoin maximalist reading list 👇

[Dani Schwarz @Schlagi74]

@Schuldensuehner Didn’t know that Schatzalp is hosting #WEF2022 too

[Kevin Kelly @kevin2kelly]

I just turned 70. Here is my advice which I wish I had known earlier. https://t.co/QbixszWwOX

[Dani Schwarz @Schlagi74]

@Bobby_Axel_Rod Who has stolen his lucky $bill?

[Dani Schwarz @Schlagi74]

@Schuldensuehner And inflation is >6%. Who is going to buy those (asking for a friend)?
Tough years and decades for all workers and pensioners ahead

[Dani Schwarz @Schlagi74]

@100trillionUSD @100trillionUSD keeps all his assets in cold storage

[Dani Schwarz @Schlagi74]

@jarroddicker Finally - the only other sector with users is with narcos

[Giacomo ShadowUNbanned Zucco @giacomozucco]

Happy White Paper Day!