-
-
Bloomberg's
@matt_levine has written beautifully about Musk's cryptocurrency perpetuum mobile, his memetic power to generate limitless profit from such pump-and-dump tweets, and his general position at the center of the financial universe, God help us all.Show this thread -
The phenomenon where every financial journalist has to keep a "Bitcoin collapses" and "Bitcoin soars to new record" prewrite in the can, the way people do with obituaries of elderly celebrities, also deserves study. The fact that they may need to use both in one day adds interest
Show this thread -
Meanwhile Chia, Bram Cohen's new bingo-based cryptocurrency, has grown to 10 exabytes in a month. Global monthly production of hard drives is about 70 exabytes.pic.twitter.com/h55Dz6S0XU
Show this thread -
Not only can you not buy or sell anything with Chia (pretty much table stakes for any cryptocurrency in 2021), but you can't even trade the coin itself on most exchanges yet, heightening the aesthetic achievement of this destroyer of hard drive and SSD supply
Show this thread -
This purportedly eco-friendly currency, which is in fact neither, just today accepted another $61 million in fiat money from the usual crop of investors. The Chia team's willingness to accept investment in the currency they're replacing is very magnanimoushttps://www.bloomberg.com/news/articles/2021-05-24/blockchain-startup-chia-nabs-500-million-valuation-eyes-ipo …
Show this thread
End of conversation
New conversation -
-
-
You are my only trustworthy source on all of this.
- Show replies
New conversation -
-
-
We need to protect this account at all costs
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Everyone knows crypto is a Ponzi, not a store of value. Don’t get caught holding when the music stops.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
