Benjamin

[Benjamin @econnetw]

@APompliano you forgot something important - many Bitcoin whales made Bitcoin from mining at a very low cost. if you invest 0$ and make 1$ your return is infinite. and most people do that when they earn a wage. Bitcoin enables more people to be capitalists. Newer chains even more so.

[Benjamin @econnetw]

@Nib_bio coming soon https://t.co/e8jgjaR4sP

[Benjamin @econnetw]

@lopp blockchain with proper contracts and naming this would be "get bitcoin.pdf". this explains everything missing in Bitcoin - no application layer. anyone tried make dapps/L2 work will know.

[Benjamin @econnetw]

@fulviamorales Crypto needs a naming standard. There is no standards for names of tokens or derivatives.

[Benjamin @econnetw]

@michael_saylor if you're not a miner you have no decision making power. that's not really joining the network. very static assumptions which will not hold over next 5-10 years.

[Brendan Blumer @BrendanBlumer]

#ETH inflation increases with its price - now at 26,000 ETH per day. That is $9,000,000,000 (yes, 9 billion) of new capital that needs to enter ETH to maintain these price levels on an annual basis.🤞This is on average much higher inflation than the USD.

[Benjamin @econnetw]

@sama It would be more interesting to give a figure how to measure progress in terms of economic output and define this scenario. The only real AGI company - Deepmind - lost $649 million in 2020 and just had a $1.5 billion debt waived. Acquisition price was 400M$ 6 years ago.

[muneeb.btc @muneeb]

Fuel for the growth of Bitcoin.

[Benjamin @econnetw]

@IOHK_Charles @IOHK_Charles how about a paper on this?

[Jon Erlichman @JonErlichman]

25 years ago:

Elon Musk fixing his 1978 BMW with old parts from a junkyard.

Today:

Musk is worth 3 times more than BMW.

[Benjamin @econnetw]

@DeepMind @nature @deepmind AI can't read this publication - it's behind a human paywall. why do need closed science magazines to publish in 2020?

[Paul Graham @paulg]

I'm going to risk calling it. The feeling of deja vu is too strong. Stripe is the next Google.

[Nomad Capitalist @nomadcapitalist]

Geography is the only place people don’t vote with their wallet.

If a restaurant sucks, you might leave a review and certainly won't go back.

If your country reduces freedoms and steals half your money, you patriotically “vote” and figure you’ll single-handedly change it all.

[Fred Ehrsam @FEhrsam]

Annualized @UniswapProtocol volume
Jan 2019: ~$20m
Jan 2020: ~$1b
Today: ~$20b

Long way to go, but @haydenzadams demonstrating "make something people want"!

[Paul Graham @paulg]

@DrewLawDesign Experts teach themselves.

[Benjamin @econnetw]

อนิจจัง ไม่เที่ยง ไม่ยั่งยืน ไม่มั่นคง ไม่แน่นอน หรือ ตั้งอยู่ในสภาวะเดิมได้ยาก

[Raoul Pal @RaoulGMI]

The Fed have undertaken unprecedented printing, as we know, and the balance sheet is growing exponentially.

[Ray Dalio @RayDalio]

Remember this: The pain is all in your head. If you want to evolve, you need to go where the problems and the pain are. By confronting the pain, you will see more clearly the paradoxes and problems you face. Reflecting on them and resolving them will give you wisdom.

[Ari Paul @AriDavidPaul]

Pretty amazing watch the curtain in front of crony capitalism fall before our eyes. Fed buying corporate bonds, considering equity. Fiscal bailouts for c-suite execs 100x as large as for workers. This is a giant wealth transfer from average savers to wealthy investors.

[@levelsio @levelsio]

Coronavirus has now risen to the #4 cause of death worldwide, up from #7 a week ago. On track to pass to #3 in ~5 days, and #2 in ~16 days
https://t.co/4kQgcHGN8L

Sources: IHME, Global Burden of Disease, Worldometer Coronavirus 2020-04-09