BitcoinDavid

Been researching Bitcoin since December 2010 when the story came out about VISA/Mastercard stopping donations to WikiLeaks. Writing a #Bitcoin book

[BitcoinDavid @BitcoinSenior]

What is Bitcoin ? https://t.co/okRQZodg7u

[The Bitcoin Historian @pete_rizzo_]

✨ Exactly 9 years ago today, #Bitcoin pioneer ROSS ULBRICHT was sentenced to LIFE IN PRISON

This week, PRESIDENT TRUMP pledged to pardon him

The SHOCKING STORY of his UNFAIR TRAIL and why he deserves a chance at FREEDOM. A thread 🌟

[Lyn Alden @LynAldenContact]

@MartyBent I distrust this guy, so I’m going to buy more orange coins.

[BitcoinDavid @BitcoinSenior]

@JoeNakamoto Pathetic

[BitcoinDavid @BitcoinSenior]

https://t.co/uR3etEB70N

[BitcoinDavid @BitcoinSenior]

@JayW132 Phoenix. Blink.

[BitcoinDavid @BitcoinSenior]

@CollinRugg @MythinformedMKE Love it

[BitcoinDavid @BitcoinSenior]

Bitcoin Is An Idea - 21 Ways To Look At Bitcoin - https://t.co/CrqslkDbd0 https://t.co/XdZ9LQAMjd

[BitcoinDavid @BitcoinSenior]

Lost coins can never be recovered, and the total circulation is less. Since the effective circulation is reduced, all the remaining coins are worth slightly more. It's the opposite of when a government prints money and the value of existing money goes down.

[BitcoinDavid @BitcoinSenior]

It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.

[BitcoinDavid @BitcoinSenior]

Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases.

[BitcoinDavid @BitcoinSenior]

If there was some clever way, or if we wanted to trust someone to actively manage the money supply to peg it to something, the rules could have been programmed for that.

In this sense, it's more typical of a precious metal.

[BitcoinDavid @BitcoinSenior]

…indeed there is nobody to act as central bank or federal reserve to adjust the money supply as the population of users grows. That would have required a trusted party to determine the value, because I don't know a way for software to know the real world value of things.

[BitcoinDavid @BitcoinSenior]

A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990's. I hope it's obvious it was only the centrally controlled nature of those systems that doomed them. ~ Satoshi

[BitcoinDavid @BitcoinSenior]

Bitcoin open source implementation of P2P currency

https://t.co/ZIgPWsvciQ

[BitcoinDavid @BitcoinSenior]

@HodlTarantula 100%

[BitcoinDavid @BitcoinSenior]

@Vikingobitcoin9 Or using them… then replacing…

[Decentra Suze @DecentraSuze]

UK Undermines ‘Crypto Hub’ Vision As US Approves Bitcoin Spot ETF

My latest @Forbes article featuring @10DowningStreet @FreddieNew @CoinBureau @SolidiFX @ForbesCrypto #Bitcoin

https://t.co/eAd6k60vnd

[BitcoinDavid @BitcoinSenior]

@CoinStats ???

[BitcoinDavid @BitcoinSenior]

@CoinStats no support AGAIN - please name a P2PKH type wallet so I can send my funds to it ??

[BitcoinDavid @BitcoinSenior]

@CoinStats What Bitcoin wallets allow receipt via a 1 legacy address ??? Simple as that. As your app won’t send to any other wallet address type.

[BitcoinDavid @BitcoinSenior]

@CoinStats That didn’t work. Please help, I’ve asked many times for weeks now.