My girlfriend and I are working on a manga about the first year of Bitcoin
It describes the event that happened between August 2008 (Satoshi’s e-mails to Adam Back & Wei Dai) and January 3rd 2010 (Bitcoin’s first anniversary).
The goal is to make Bitcoin history fun!
It’s an obfuscation machine. It’s anything you want it to be, as long as you buy it. Change the code, burn it, make it “deflationary”, whatever it takes.
Have theorists come up with an idea, any idea and force the engineers to build it, why not?
Amazing how people can’t see it.
Let's be honest, switching from proof of work to proof of stake is like turning off the engines of an airplane midflight and counting on the attestations of the people in first class to keep it flying.
1/13
We may be headed soon into a major “moment of truth” for the “crypto” space. It is inevitable eventually. But it may come very soon.
For years, people have warned, regarding Bitcoin and Crypto, “The government will stop it.”
Bitcoin has taken this warning very seriously.
The Merge isn’t about moving to POS. It’s the excuse to tweak the ETH supply and economics (tRiPLe HaLviNg) to trigger one more rally before the insiders dump (lol no withdraw for stakers) one last time. These guys would make even the most manipulative central banker blush.
@bradmillscan@dylanleclair@PrestonPysh The majority of global liabilities are in dollars. That is the incumbent currency.
When the global economy contracts, it means global assets fall vs global liabilities (in big part, dollars).
Bitcoin will be a risk asset until it rivals gold or dollar market cap in size.
@bradmillscan How about,
Cypherpunks write code in such a way that it is obviously not a security and there is nobody to go after.
Crypto salespeople write code that is likely a security, but then request to be called cypherpunks and for the SEC to not apply existing laws to them.
What most people don't know is that the Nasdaq lost most of its value AFTER the Fed started cutting rates in 2000.
Today's gamblers can't wait for rate cuts and every pundit is tripping over themselves predicting when they will come.
Persistent scripts (smart contracts) will never replace legal agreements. They are two completely different things. Contract law will *never* be ultimately determined by software. Thus, if program code shall determine the outcome, such must not be legitimized as contractual.
(1/)
My reason for not holding any ETH for the 2018-2021 cycle:
(a) Bitcoin will win as money
(b) Newer L1s will gain market share against Ethereum for smart contracts.
I think the reasoning remains true for coming years as well. Not downplaying developer traction etc of Ethereum.