Jerry David Chan

WallStreetTechnologist, exGoldman Sachs. Scientific method over ideology. Answering your rhetorical questions since 2014. u/1254 $digitsu

[Jerry David Chan @digitsu]

Financial markets always teeter on the precipice of collapse and volatility. But that is to be expected when you have a free market system that optimizes to maximize. Once a free market has maximized and stabilized at any given point of agreement (price) given the thousands of factors and variables that has led the market to settle on a given point, any removal or disturbance in the inputs will make it topple. That is expected. What is also to be expected is that things will settle out somewhere else. Stability will come eventually.

What never happens is continual volatility or continual up or down.

Once you understand this you will understand why BTC model (always going up) is DOA. And those who try to convince you otherwise (like MSTR) are just trying to sucker you in to keep the pump going on a bit longer so they can exit first.

[Jerry David Chan @digitsu]

@Street5Wall Does the merchant get auto magic fiat off ramps?

[Jerry David Chan @digitsu]

BTC is not a good example. Its price is bolstered by ponzinomics.

Immutable asset? What does that mean really? Legally speaking?

Do you think your car would be worth more if it had no locks? Or would a lambo be worth more or less in a country that had no laws against car theft?

[Jerry David Chan @digitsu]

The world will bifurcate on this point. One coin will have clean legal flows with no chance of theft crime or cyber extortion. The other coin will be more “DIY security” and free but also have more crime flows and holders have to fend for themselves.

Which do you think will have more value?

[Jerry David Chan @digitsu]

@MrNobod79977306 @EdwardTWinz You either choose to have your funds recoverable or not. It’s a choice of which risk you are more willing to wear.

Most law abiding people (in countries with democratically elected governments) aren’t doing things that make the risk of government freeze a realistic risk.

[Jerry David Chan @digitsu]

@NasdaqNancy @GavinMehl @CoinMarketCap Like it

[Jerry David Chan @digitsu]

@Chiragrx07 @DrBeckyl @grok how does this happen?

[Jerry David Chan @digitsu]

@Chiragrx07 @valenicola How does this happen? Does a fly have to sneak in first to lay eggs?

[Jerry David Chan @digitsu]

@Leooweb3 Global transparent money

[Jerry David Chan @digitsu]

That’s because BSV is a technology not some “crypto community” or project

It needs no leaders
It needs no management
It needs no marketing

Use it because it makes your product competitive or more efficient

Else you never need to know it exists.

If this seems strange to you, you don’t understand bitcoin.

[Jerry David Chan @digitsu]

@scs_real Since you already removed the faceplate why not just paint it all behind it then reattach it after the paint dries.

[Jerry David Chan @digitsu]

@LightBSV Six degrees of Kevin Bacon. That’s the most distant any thing on the planet can be from anything else.
Small World Power.

[Jerry David Chan @digitsu]

@BitcoinSVtrain Xanadu was the first Star Citizen.

[Jerry David Chan @digitsu]

Learn from History: Project Xanadu - the place where protocol developers go to die. This is what happens when you try to do everything at the protocol layer and spend 60 years tinkering with the protocol features in an attempt to be perfect. HTTP won. https://t.co/OJbsfqMiu2

[Jerry David Chan @digitsu]

@cryptorebel_SV Isn’t this all open source? Just remove the blocklist?

[Jerry David Chan @digitsu]

@brandonbryant02 I suppose the short answer from the philosophical capitalist in me says “because it cannot make enough money to sustain its continual existence.”

[Jerry David Chan @digitsu]

@LightBSV Man fingering was the most fun we had during computer labs. Second only to maliciously setting the display variable to somebody else’s terminal

[Jerry David Chan @digitsu]

That’s the same as bitcoin. Because the longest chain is just the part that money buys and one signal. But nothing stops the shorter chains from continuing because some people are convinced they are right even if they don’t have the money or the majority agreeing with them.

We have actual examples of this working in practice in BCH and BSV. Where as XRP is just in theory, and the case where the ledger partitioned accidentally and caused a couple days of coordinated effort to repair. Bitcoin never requires coordinated unwind and repair. A choice to follow or to fork is made by all mining nodes at every block by protocol.

[Jerry David Chan @digitsu]

@Ellie__82 I’m assuming A and C are hanging midair

[Jerry David Chan @digitsu]

@Ellie__82 Definitely D, maybe B depending on whether the stool is metallic

[Jerry David Chan @digitsu]

Is He The Luckiest Man in History? https://t.co/WDbYaeOE84 via @YouTube

In financial markets this sort of “luck” normally points clearly to insider trading. As the chances of it happening without insider information is close to impossible. The problem is legally proving it.