Conversation

This Tweet was deleted by the Tweet author. Learn more

The internet had obvious value. Everybody saw that as soon as it became available (in the 1970s among a set of universities and tech companies, in 1993 for the general public), and its growth was limited only by the phyiscal infrastructure. >>

Replying to

>> Bitcoin has been around for 12 years, and adoption is shrinking instead of growing. And there is no infrastructure limitation....

This Tweet was deleted by the Tweet author. Learn more

Jorge Stolfi

@JorgeStolfi

Feb 21, 2021

Back in 2014 there was a lot of reports about this and that business "accepting bitcoin". (It was in fact "accepting dollars from processors that exchanged bitcoins to dollars".) Remember the St. Petersburg (FL) "Bitcoin Bowl"? >>

Replying to

>> That all but ceased now. Even Blockstream now says that bitcoin is not for payments but just a "store of value". (Which it is, in the same sense that a Roach Motel is a "store of roaches"...)

This Tweet was deleted by the Tweet author. Learn more

SBF

@SBF_FTX

Feb 22, 2021

FWIW not trying to make a point either way about the industry's use, just its stats. For Users--yeah that's tricky and I could be somewhat off. I can vouch for some fraction of that. For volume--more confident. There _is_ wash trading! But $100b is removing that.

Replying to

I know the top exchanges quite well. I can vouch for enough of their trading that I'm fairly confident it's < 50% fake (and probably way less than that!).

Replying to

Do you "know" them by analyzing their published order books, or from reliable insider information?

Replying to

Both -- 1) have traded on them 2) have talked with employees 3) have run studies on their orderbooks 4) have collected users who together account for a significant % of their volume

5:01 AM · Feb 22, 2021Twitter Web App

Replying to

OK, thanks!... Are those "big users" HF traders who use robot scripts?