Counterintuitively I think there is something inherent about PoW; all systems tried so far have devolved into human policy, inviting moral hazard, lobbying, influence, or into grindable inelegant work, like brute forcing transaction variants to find a future where you get reward.
In the early 90s, 1 out of 7 countries was printing inflation suggesting a 98% loss in purchasing power over 10 years.
Time travel to a random country in a random post-1900 year, better than 1 in 3 odds that you are on track to lose half your purchasing power.
This time is…
I just published Announcing the Strike API
Today, @Twitter enables free, instant, global payments for their users with their integration of the Strike API.
What the internet did for communication, #Bitcoin + the Lightning Network is doing for money.
https://t.co/jHkY6knXkP
Total Returns over the last 10 Years...
Bitcoin $BTC: +994,608%
Tesla $TSLA: +15,200%
NVIDIA $NVDA: +6,053%
Netflix $NFLX: +2,337%
Amazon $AMZN: +1,427%
Microsoft $MSFT: +1,280%
Apple $AAPL: +1,112%
Google $GOOGL: +937%
S&P 500 $SPY: +344%
Bonds $AGG: +35%
Gold $GLD: -6%
Next 10?
I'll be on Clubhouse from 12-12:30 ET for an AMAA (ask me almost anything)--no questions, for example, about active enforcement cases: https://t.co/dJqcC1iNK8
Users on the Bitcoin network is now growing at its fastest rate ever.
1.2m users were added in the last 30 days.
Does not include off-chain users on exchanges which typically sees up to 3x this number.
THREAD - For the last 6 months or so, we have been trying to push the Ethiopian Gov. to consider mining and storing #Bitcoin to combat the rising inequalities & global inflation. We now have mobilized like-minded Ethiopians to start Project Mano https://t.co/ZIaIYbElEt
1/4
This portable #Bitcoin mine is eating up the wasteful and harmful natural gas flares, and turning it into network security for 7.6 billion people around the world that rely on it.
Carbon emissions literally transformed into money. ♻️🇺🇸
Something to get your head around:
Head Line:
A major asset class crashed 42% in 14 days, wiping out $1.02trn in value in an orgy of liquidation of people up to 100 x levered, with very low regulation. Many tokens fell up to 70%, including unregulated lending and borrowing biz.