cornfeedhobo

I believe in you

[Pix🔎 @PixOnChain]

This is Julian Peh

He got a president to promote his $4B token

Then he rugged it for $87M

Here’s the untold story of his rise and fall:

1/12

[Jack Rhysider 🏴‍☠️ @JackRhysider]

Quick reality check:

Your personal data is making companies rich.

Maybe it's time you started valuing it too?

[cornfeedhobo @cornfeedhobo]

@Saylorsatsire @craftbeerguy75 It's amazing how many people don't get this. There is a lot elasticity, and institutional miners are still minting at sub $15k/coin. But to be fair, many people don't think about that part of the economics.

[cornfeedhobo @cornfeedhobo]

@Vivek4real_ Proof that some of the loudest people in the community are truly the most out of touch. Go to a mining conference. Meet with people on the ground. Then you'll get it.

[cornfeedhobo @cornfeedhobo]

I used to think that matrix was xmpp for hipsters, but no, it's much much worse.

[cornfeedhobo @cornfeedhobo]

@defcon The #defcon discord is where goons reject new users that ask anything remotely technical, dole out arbitrary bans, and circle jerk about 10+ year old memes.

[cornfeedhobo @cornfeedhobo]

@pete_rizzo_ you'd be surprised how common this is

[cornfeedhobo @cornfeedhobo]

The sad state of the #monero #xmr community. I hope it changes some day.

[The Bitcoin Historian @pete_rizzo_]

✨ Exactly 2 years ago today, El Salvador became the 1st nation state to start buying #Bitcoin every day

Today, they own $500 million in $BTC and are up 500%

Legendary 👑

[cornfeedhobo @cornfeedhobo]

@defcon Are the room searches complementary?

[cornfeedhobo @cornfeedhobo]

@jyn_urso So you came in the second or third wave of adoption and your opinion means nothing. Bitcoin's intrinsic value to states was openly discussed the first year on the forums.

[cornfeedhobo @cornfeedhobo]

@pete_rizzo_ This post devalues bitcoin. Deflationary assets are meant to make someone think twice before being frivolous, but it's not meant to prevent someone from purchasing things that they need.

[cornfeedhobo @cornfeedhobo]

@super_testnet @Truthcoin The proverbial writing on the wall here is that the banks operating it see no real world advantage, unless they find value in a trustless and well defined settlement network.

[cornfeedhobo @cornfeedhobo]

@super_testnet @Truthcoin When someone is pro/anti LN, it's because they are confining it by their own metric. Looking at the intrinsic limits of lightning (e.g. liquidity), it make sense that it's success hinges on banks operating it, and that it will be fully custodial for most end users.

[cornfeedhobo @cornfeedhobo]

@tiredfornow @MoneroMavrick who do you have open channels with? how are you monitoring them? Real L2 is completely custodial in reality. Don't get me wrong, Lightning is doing fine, but pretending that it's anonymous doesn't do anyone any favors.

[cornfeedhobo @cornfeedhobo]

@defcon what i've learned from goons this year, is that the only way to be in the room, is to resort to talking like a trumper - ad hominem attacks and quips that have nothing to do with the topic at hand. it's really sad and weird. They have 0 respect for basic decency.

[cornfeedhobo @cornfeedhobo]

@BawdyAnarchist_ @Mallardshead Operating costs in countries that allow these types of criminals to exist are very low. There is no need to convert so much at once.

[cornfeedhobo @cornfeedhobo]

@BawdyAnarchist_ Na, you just underestimate how much specific countries allow open air money laundering and BTC has higher liquidity. It's no more complex than that.

[cornfeedhobo @cornfeedhobo]

@PortSwigger I hate everything about your company, to my damn core, and I will screech about it at every conference I attend from here out.

[cornfeedhobo @cornfeedhobo]

@vikrantnyc Right now the cheapest way to send coin is over lightning, but that has real overhead costs of maintaining channels. Until banks take on that burden and become the hubs, expecting users to do so is foolish. 3/n

[cornfeedhobo @cornfeedhobo]

@vikrantnyc Can it be used as a currency? Sure, but the infrastructure just doesn't exist enough yet, and the distribution scheme requires many waves of adoption until price is stabilizes 2/n