Daniel

#Bitcoin

Promoting understanding of Bitcoin and related ideas.

My tweets are my own opinions, or possibly those of a hacker or rogue twitter employee.

[Daniel @dka218]

Number of merchants accepting it who don't convert it to fiat.

[calle @callebtc]

Bitcoin's north star metric isn't the price, it's the number of merchants accepting it.

[Killa @KillaXBT]

What’s funny is that people labeled me a perma bear just because I was bearish for 8 months.

Now that I’ve flipped bullish after $BTC retraced from 126K to 59K, people seem surprised that I’m not like the other accounts on this app.

I’m here to make money, not defend a narrative. When the market changes, I change. I flip when necessary.

I guess some of you thought calling the top was just a fluke or a lucky guess. And when I catch the move to 160K, I’m sure some of you will call that luck too.

[Daniel Batten @DSBatten]

A bunch of unknown plebs who are doing the proof of work day-in-day-out, like

* @Proxy18387764 (for orangepilling the left, right and center in France)
* @JakeLangenkamp (for quietly warming central bankers and nation state govts to Bitcoin)
* @kiwiskivi (for putting Bitcoin on NZ's energy policy agenda)
* @ishabisinia (for onboarding 50 charities to Bitcoin)
* @tim_niemeyer_ (a school teacher who set up IBC)
* @ABCundrstandBTC (running monthly treasure hunts to onboard businesses and new plebs in Buena Vista)
* Bipin Patel (not on X), who is helping stabilizing the grid of Sweden with 14 MW of ASICS
Kenji Tateiwa (not on X) who got the world's 5th largest utility to do Bitcoin mining

and many more.

[Daniel @dka218]

If you discovered an infinite zcash inflation bug, would you:

[Daniel @dka218]

Why is bitcoin going down?

[Daniel @dka218]

Don't calculate a CAGR across multiple 5 year periods that are wildly different. We should be a lot higher now but clearly something has changed.

[Daniel @dka218]

Bitcoin is essentially the same price as 5 years ago. The 5 years before that it went up over 100x. And over 100x in the 5 years before that.

[Michael Saylor @saylor]

CFTC guidance advances Bitcoin capital markets: 24/7 trading, BTC collateral, perpetual futures, options, and regulated access. Good for $BTC holders, powers the $MSTR engine, and supports the rise of $STRC as Bitcoin-backed Digital Credit.

[Daniel @dka218]

"think of it as a donation to everyone"

[Sani | TimechainIndex.com @SaniExp]

🚨🚨🚨 Someone just broadcasted 5 transactions totaling 107 BTC to the Bitcoin "burn address" 1111111111111111111114oLvT2
😢😢

https://t.co/O8qeGjrzG9

[Daniel @dka218]

The best bitcoin conference is coming to an end.

[Michael Tidwell @miketwenty1]

https://t.co/tTlrhSjGyv

[nunchuk_io @nunchuk_io]

Prompt:
“Create a 3-of-4 wallet. After 2 years, it becomes 2-of-4. After 5 years, it becomes 1-of-4.”

What this is:
A decaying multisig created with an AI agent using Nunchuk CLI + Agent Skills.
No Miniscript knowledge needed.

It starts as 3-of-4.
After 2 years, it becomes 2-of-4.
After 5 years, any 1 of the 4 keys can spend.

[Daniel @dka218]

Imagine how much bitcoin you could stack if you never bought food /s

[CoinDesk @CoinDesk]

16 years ago today Laszlo Hanyecz paid 10,000 BTC for 2 pizzas

Today that BTC would be worth roughly $775,000,000

[₿it¢oin Grove @BitcoinGrove]

Bitcoin Grove's moving to Wynwood.

Come celebrate with us on Pizza Day!

https://t.co/ZOuCExLU7C

[River @River]

Bitcoin exchanges still have many boxes to check.

[Liran Cohen (CTV + CSFS) @itsLIRAN]

Attention Miami! Come check out BitDevs #53 (😱) at an all new location in Wynwood.

Great people, great discussions, great pizza!

[Daniel @dka218]

Primetrust. MtGox. FTX. Genesis. Blockfills...
Case after case of companies not having the bitcoin they claim to have.
Who else?

[🏔Adam🏔 @denverbitcoin]

@TFTC21 @Nneuman I just had to put a red line here so people could understand that when above the red line they DID have enough on-hand for deposits…and it’s only maybe 15% of the time lol

[Bitcoin Well @bitcoinwell]

Martti Malmi was the second person to commit code to Bitcoin.

He answered Satoshi on the cypherpunk mailing list in May 2009 and built https://t.co/2KGpmPQieh. He stuck around through 2011, then moved up the privacy stack and never stopped building. Working on Iris, contributions across the Nostr ecosystem, and a steady output of open-source privacy tooling.

Today he shipped a new version of Nostr VPN. Open-source mesh routing. No company you have to trust. No country whose laws you have to obey to connect to the internet.

Same architectural pattern as Bitcoin. Replace the company with a protocol. Replace the gatekeeper with math.

Every traditional VPN routes your traffic through a server owned by a corporation that filed paperwork in some jurisdiction. That corporation can be served, sold, or coerced.

Sovereignty is a stack. Bitcoin is the money layer. Nostr is the speech layer. A mesh VPN is the network layer. The same hands have been building all three for fifteen years.

The work continues. Quietly. Without permission.

[Luke Childs ☂️ @lukechilds]

Introducing og-zkp 🧡

Privately prove your Bitcoin OG status in zero-knowledge!

A fun little side project with approximately zero useful applications.

Get listed on the leaderboard based on the date you first first received Bitcoin.

https://t.co/jUFUsWDpFg

[Daniel @dka218]

@ToxiKat27 Yes.
It's better to have the button than not have it.
But having the bitcoin would be a lot better than having the button.

[Daniel @dka218]

Is it really permissionless if your unilateral exit costs more than the value extracted from the layer 2?

Is it really self custody if it's a closed source wallet that auto updates?

Is it really unconfiscatable if your seed words are on a piece of paper in your desk?

[Walker⚡️ @WalkerAmerica]

Meanwhile, incoming Fed Chair Kevin Warsh wants to change the Fed's primary inflation gauge from Core PCE (currently 3.20%, excluding food/energy, LOL) to Trimmed Mean PCE (2.36%, excluding extreme monthly price swings, LOLOL).

The money is fake. They print it from nothing. The metrics they use to measure the decreasing value of the money are also fake.

They are stealing from you through monetary inflation, and they are lying to you about it.

They speak in passive tones about the "cost of living" going up, as though it happens by magic.

They tell you "2% inflation" is their target, yet they constantly change the gauge by which they measure price inflation.

But even the 2% target is an arbitrary number. Central banks around the world adopted it from the Central Bank of New Zealand, who made it up in the 1990s. The Federal Reserve didn't formally adopt it until 2012 under Bernanke.

"2% inflation" has no basis in any sort of economic reality, but it is the perfect amount to steal from the populace each and every year without them noticing the loss of purchasing power on a short time horizon. On a longer time horizon, it is quite obvious, but the damage is already done.

Central banks around the world explicitly target 2% theft of your purchasing power per year. Everything gets a little more expensive year after year after year. Sometimes things get a lot more expensive. Then the central banks just change the gauge by which they measure the theft and carry on as if nothing happened.

But everything should be getting cheaper every single year, not more expensive. Technology is naturally deflationary. The natural state of the free market is deflation, not inflation (@JeffBooth).

Once you understand this, you realize just how bad the theft truly is... They are not just stealing the +2% above zero inflation, they are stealing the multiple percentage points of deflation as well. They are stealing the gain of purchasing power you should realize every single year, and leaving you with a loss in purchasing power.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Every government / central bank in the world must continue to debase their currency, or the entire house of cards will come tumbling down.

There is only one absolutely finite asset in the world that can protect you from the theft of fiat monetary debasement.

Study Bitcoin.