Deathcab Capital

Evil speculator. Austrian economist. Cycle theorist. Market trends and analysis.

Bitcoin Ex Machina.

[Deathcab Capital @deathcab]

Yep.

[Deathcab Capital @deathcab]

Good example why shitcoiners always fall back on baser tribalism to promote their grifts.

They get torched on technical & ethical merit every time.

The term "bitcoin maxi" was created by Vitalik for this very purpose.

[Deathcab Capital @deathcab]

@DeItaone There's a reason most traders short the bottom in markets...

I'd be much more concerned if "prediction markets" though btc was going to 100k.

[Deathcab Capital @deathcab]

@Shaeroden Fair question

[Deathcab Capital @deathcab]

Sound money doesn't need to be "backed by" anything.

It just needs the properties of sound money and people will keep it as a store of value and use it as a medium of exchange.

Scarcity
Durability
Fungibility
Divisibility
Portability

[Jeff Swanson @theswansjr]

"Bitcoin isn't backed by anything."
Let me stop you right there.

Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.

Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.

The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.

The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.

Now let's talk about what is backed by nothing.
The dollar.

It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.

In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.

"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.

Follow if you're serious about building wealth they can't print away.

[Deathcab Capital @deathcab]

IMO "backing" is an attempt to understand or argue why an asset possesses one or more of the sound money attributes.

The qualities themselves are what matters as the "backing" has potential to change over time.

IE glass beads as money were "backed by" difficulty to manufacture... until they weren't.

[Deathcab Capital @deathcab]

Shitcoiners falling like flies…

Remember when this guy confidently claimed his crap token would overtake Bitcoin?

Yeah he still got rich though… while everyone who followed his advice was financially ruined…

[Pledditor @Pledditor]

Charles basically telling $ADA holders it's over...

[Deathcab Capital @deathcab]

as if on command

[Deathcab Capital @deathcab]

This can't continue much longer. Daily RSI at the lows of Feb dump. 1h RSI heavily divergent and in need of a break.

[Deathcab Capital @deathcab]

@RelentlesSheep will do bud

[Deathcab Capital @deathcab]

Delta skew highest since FTX dump. Traders max shorting the bottom as per usual.

[Deathcab Capital @deathcab]

@kelo6102 I suspect the whole 'generational buying opportunity' doesn't smack as strong the 50th time it's claimed.

[Deathcab Capital @deathcab]

The biggest problem with Bitcoin is that it's a really smart asset in a world full of retards.

[Deathcab Capital @deathcab]

@krugermacro Narrative bias.

[Deathcab Capital @deathcab]

@m3_melody @DowdEdward Cool, Thanks!

[Deathcab Capital @deathcab]

@JAN3com Jackie Chan?

[Deathcab Capital @deathcab]

Investors selling Bitcoin so they can be the first to provide exit liquidity for IPO insiders

[Deathcab Capital @deathcab]

That’s one way to increase privacy

[Solid Intel 📡 @solidintel_x]

INTEL: ZCASH NETWORK IS DOWN, NOT PRODUCED ANY BLOCK IN THE PAST 4 HOURS

[Deathcab Capital @deathcab]

@The_Big_Chifa_

[Deathcab Capital @deathcab]

@notgrubles I found two from the flag contest on bitcointalk in 2012.