"profit-maximising, rational economic actors" meet "historical times"
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Hubert
@hubert_btc
#Bitcoin
Nostr: npub19kuz38yurwm45r75224lrgzn2d96zcj703ecdhg9h5lry5n9vs0qz4m22v
Joined May 2013
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So suddenly we’re supposed to worry about fees being too high rather than too low? Love how the fud duality works.
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The absolute state of the UK
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It’s good that Bitcoinism gets reformulated and repackaged for different audiences, especially if that comes with friction and animus. Social balkanization is critical for the stability of inter-subjective consensus. Bitcoin is a Schelling point for enemies.
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your opponent in the battle for public opinion has an infinite budget. good luck.
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3) Each of our memes, from "hodl" to "plebs", from "noKYC" to "citadels", could generate *days* of deep & nuanced debate among honest & intelligent peers. But they are perfectly useful & fine as prima-facie heuristics, to keep the focus on the signal within the public discourse.
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TF1 ouvre son 20h par l’attaque de la gare du Nord… France 2 ne la mentionne même pas dans ses titres. Étrange.
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Unpopular opinion somehow: LOTS of people eager to be orange-pilled on Linkedin. Plenty of disillusioned entrepreneurs and bankers and executives looking for an alternative but don't understand it's Bitcoin yet. Posting anything about CBDC, inflation etc gets good engagement.
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It's been years that we've all realised the need to move to a decentralised social network, and nostr is the first one I'm feeling somewhat hopeful about.
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You can find me on Nostr at npub19kuz38yurwm45r75224lrgzn2d96zcj703ecdhg9h5lry5n9vs0qz4m22v
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If the inflation is too marginal it will hardly incentivize miner
If the inflation is too high users won’t allow it
Either the market sets appropriate security or we are back to central banking type targetting
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. 's account was nuked for telling people to follow him on mastodon; he didn't even post on twitter the link to his mastodon, thus abiding by twitter's rule re: promotion of other platforms; he merely told people the link to his mastodon was on the website in his bio...
Sites that Twitter will ban: Facebook, IG, Mastodon
Sites that Twitter won’t ban: TikTok
What could possibly explain this?
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Good example of why social media should be forced to state explicitly what rules were violated when they suspend an account. twitter.com/somospostpc/st
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On the #Bitcoin RBF debate:
- transaction fees are the primary defense against tx censorship
- the ability to increase a fee, is a direct counter attack against malicious miners
- if no ability to RBF, censorship attacks have bigger teeth.
This alone is enough to justify RBF.
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Don't let Apple turn America into China.
They helped kill freedom in the PRC, and they'll do the same in the USA, unless it's made unprofitable for them to do so. twitter.com/WholeMarsBlog/
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Replying to
It’s a real problem. Apple and Google effectively control access to most of the Internet via their app stores.
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Les devs de shitcoins qui rajoutent des couches de complexité à leur machin pour pouvoir continuer à embobiner du monde avec une réthorique vaguement tech:
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It's with big excitement that , and I are launching the #bitcoin Querétaro Meetup!
13th of Dec at 6:00 PM
The launch party is 2 days after the conf in CDMX.
Transformemos a México en tierra Bitcoin!🔥🇲🇽
RVSP 👇
meetup.com/bitcoin-queret
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Give lectures on crypto in North Korea? Prison. 🚔
Write code for a mixer? Prison. 🚔
Run an online library with pirated books? Extradition, prison. ✈️🚔
Gamble away billions literally stolen from your exchange's customers and give millions to politicians? Handshakeworthy. 🤝 twitter.com/SBF_FTX/status
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We need deregulation, to increase danger and risk of trusting third parties.
The weak will lose their capital, the strong will become Bitcoin Maximalists.
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The average Anchor saver lost $95K.
This means that for every $100m in liquidity Do Kwon pulled out of UST into his own bank account, over 1,000 people lost access to start-up capital for a business or a mortgage.
When we reward scammers, we rob society of what could have been.
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I already didn’t fully trust mainstream media, but after being native to an industry that experienced an event as large as the FTX blowup & seeing how MSM portrayed it, I don’t think I will ever trust them. Makes me wonder how misleading reporting is on topics I’m not native to.
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I believe someone is funding a media campaign to influence the narrative around the FTX crew - who should be seen as nothing short of supervillains.
Here is a Forbes reporter seeking favourable comments from "supporters" instead of reporting on the actual facts.
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I think many people fail because they're not prepared for the reality of building a startup.
It's an initial burst of excitement creating the product and adding features.
After that, it's mostly building systems and marketing - only certain people are motivated to do this.
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Bitcoin Bust, Benin Bronze style
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Worth pointing out that when we announced a mere whitepaper for Libra on 6/18/19, it took less than 24h for me to be called to testify in front of both the Senate and the House. Meanwhile the total meltdown of FTX unscrupulously misappropriating ≈$10B of customers funds…
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If Ukrainian refugee relief efforts can do this, so can the Democrats. twitter.com/typesfast/stat
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i have to say,
knowing SBF is still not in custody, is potentially doing nefarious activities with FTX systems, and is still sending nonsensical (trolling?) tweets at this point,
is absolutely infuriating to me
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I would like to apologize to my followers.
I said BlockFi was not a scam, but I was completely wrong, BlockFi was a scam.
I will make up for this horrific mistake by spending more time arguing against fractional reserve banking, lending, and usury. Lesson learned. twitter.com/BitcoinIsSavin
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Unpopular opinion : crypto is worst than fiat.
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Quote Tweet
Going forward, I will break this policy a bit and be more vocal about issues I see in the industry. May cause more "debates" or more fight memes. But that's not my intention. It's to reduce risk. Even if they are false alarms.
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