Top Tweets for #Bitdiots
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“September 13, 2023
“The idea by #bitdiots that something Convex (antifragile) must be a good investment BECAUSE of limited supply is confused: NECESSARY ≠ SUFFICIENT.” -NNT
He’s right that limited supply is not enough: see BCH BSV.
But he stopped thinking at that point because he does not understand technology. He doesn’t understand energy input of 21 GW into 1.08 Zettahash/sec into a probability ~ exp(-γ* {blocks back}) timechain that cannot be broken, built on the world’s largest decentralized supercomputer, is not a statistical fluctuation.
And yes Price ~ T^5.8 is highly anti-fragile and persistent with a Hurst exponent > 0.9 source of Alpha.
“So your phrasing is correct: the probability of breaking/reversing the Bitcoin chain falls approximately like
exp(-γ * {blocks back})”
"If you need to listen to music while walking, don’t walk; and please don’t listen to music." - Nassim Nicholas Taleb in The Bed of Procrustes
The idea by #bitdiots that something Convex (antifragile) must be a good investment BECAUSE of limited supply is confused: NECESSARY ≠ SUFFICIENT.
Near Infinite # of things in limited supply: pebbles from Skorpios, underwear worn by Churchill, books owned by Cary Grant...
@BritishHodl BTW, he just called you an idiot for not knowing time exists 😂👍 #bitdiots #cryptbeciles
@L25888058 @0xWaard @khamhui @pole_surd @VirtualVision9 @PowerHasheur poto, tu confonds "technologie" et "valeur de marché" ; la technologie peut fonctionner même avec BTC à 0.001 centimes #bitdiots #cryptbeciles
@nntaleb Yup. Not only governments actively track crypto wallets and transactions (they're public anyway) but at times they effectively SEIZE crypto from wallets belonging to drug traffickers, thieves, extorters etc #bitdiots #cryptdiots #BTC #crypto
From the Bitcoin "Black Paper": as recent event illustrate, only a fool can believe in the theory:
Government tyranny HENCE Bitcoin.
#Bitdiots
https://t.co/r9jstDBNZ3
@Bonecondor #BTC was many things. The false narratives failing one by one, but #Bitdiots are coming back with new ways to support the "digital gold" story. Now #BTC is a digital property which transport value over time and space...
@Dennis_Porter_ 09.02.2021 - 48K
03.01.2022 - 48K
#BTC is the champion? please tell this to all the people who purchased it above 50K or 60K
#bitdiots
@leadlagreport why you are spending so much time arguing with #Bitdiots? All they should do is to ask themself one single question, what if I'm wrong?
debt Bitcoinization... #Bitdiots
This non-ergodicity reasoning should be simple enough even for #bitcoiners to get and avoid the suicide cult of the crypto-god... and YES!!! some #bitdiots will get rich (at least for some time), but this is a ponzy-like non-ergodic s**t.
Think that undergraduate should really look at this talk by @ole_b_peters (h/t @dvassallo): https://t.co/Yp5XuFncEt
Yes, there are some undergrad that went all the way down academic path and few of them actually ended up as tenured professor living the "good" academic life
The real 'anger' and personalities are going to come out in the open... brace for it! #bitdiots
After bill is passed
All this speculation that @amazon is going to accept #Bitcoin neglects the possibility that Amazon might developing its digital token to avoid credit card charges, like a casino using chips. Dispensed at Whole Foods stores, it will allow #bitcoinnews #Bitdiots #Binance
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