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moneyordebt ∞/21M
@moneyordebt
#bitcoin “upgrade money, upgrade people” data before opinions
Professional ServicesBangkok, Thailandorionx.netJoined July 2018

moneyordebt ∞/21M’s Tweets

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Exponentially scarce. Exponentially secure. #Bitcoin Exponentially useful. ⚡️ Exponentially anti-fragile.
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#Bitcoin maxis speak decisively and with conviction because we know we are right. Just waiting for the world to learn what we know. Some say we are religious, or a cult but it’s not true. We are just right. Crypto promoters are wrong.
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What is the capital cost investment into the order ~ 10,000 full nodes that secure a $444 billion #Bitcoin ledger? Less than $10 million? Because it’s not like the Fed is stacking gold bars and cash at Fed central HQ.
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The central bank is in the middle of a long-running project to overhaul three adjacent office buildings overlooking the National Mall into a state-of-the-art campus. The price tag for the endeavor has swelled to nearly $2.5 billion, up from an estimate of wsj.com/articles/feder Show more
December 2022 Mark Mobius says #Bitcoin could crash to $10,000. March 2023 and it’s at $23,000 and he can’t get his money out of China. If only there had been a way in say, early 2021.
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Mark Mobius, a famous emerging markets investor, says he can’t get his money out of China usinessinsider-com.cdn.ampproject.org/c/s/markets.bu
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If only she had talked to MIT grad or soon-to-be master’s degree holder before erroneously claiming a single transaction needs nearly a month’s energy budget of the average household. Instead of $1.83 in fees. Less with ⚡️
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“The never-change-Bitcoin crowd is fighting a losing battle. The sooner they realize this, the sooner we all benefit.” technologyreview.com/2023/02/28/106
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I will not engage in ad hominem attacks. #Bitcoin is a complex topic. But it is not correct to ascribe all of the energy cost of issuance to the set of transactions also in the block. Only 2% goes to transaction fees, 98% to asset creation: that is highly reused.
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The bitcoiners are very upset about the story I wrote for MIT Tech Review. Here's an email pointing out what a horrible person I am. I've apparently gotten all my facts wrong — according to this person, who can't name a single one of the facts I got wrong.
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Ethereum moved to proof of stake. Why can’t Bitcoin?  technologyreview.com/2023/02/28/106 As an MIT graduate this is so embarrassing, when Tech Review says a #Bitcoin transaction uses a household’s worth of energy. No, no, 98% is going to creation of value, average transaction fee is $1.83
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Or they could just buy #Bitcoin for their treasury and get the jump on everyone else.
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India has asked the International Monetary Fund (#IMF) and Financial Stability Board (#FSB) to develop "a synthesis paper" on #crypto assets. #cryptocurrency news.bitcoin.com/india-asks-imf
Gary Gensler on Meeting With SBF and His Crypto Crackdown: “But at the core,” he argued, “these tokens are securities because there’s a group in the middle and the public is anticipating profits based on that group.” Everything other than #Bitcoin says he
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#Bitcoin market cap is about 4 times that of the top 3 stable coins combined. So I don’t get this point. Stablecoins serve a few functions (1) bridge to #BTC or crypto, (2) alternative way to get near-dollars for those who don’t have access to USD, and (3) access to yield.
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Stablecoins are far and away the use case for crypto that has gained the most traction, but that’s not exactly a trophy for crypto over fiat. It’s crypto facilitating access to fiat, specifically USD. There appears to be strong demand for this avenue of access to fiat.
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Over 80% of you got this wrong. Buffet started in 1951. A 58 year headstart vs. #Bitcoin. BRK as a company is still ahead in market cap by 43%. For now. NVIDIA is the next one ahead.
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Replying to @BTC_for_Freedom
How many years did it take 5th wealthiest person “rat poison squared” to get to less than 1/4 of #Bitcoin market cap that it achieved in 14 years?
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There is very little non #Bitcoin mining now of any consequence. Dogecoin is a distant #2 and less than 1/10 of Bitcoin created value. The others negligible. slideshare.net/perrenod/crypt
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At the end of the day, almost all Bitcoin miners are really about the ROI and not Bitcoin. If it wasn’t the case, we would have robust Bitcoin only pools. Most “Bitcoin miners” can’t even name a Bitcoin only pool. Let alone hash with one.
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Shoulda been my student, from before the 2nd halving. #Bitcoin This blog dates from a year and a quarter after the second halving. orionx.net/2017/10/money- took me a while to attain enough experience and wisdom to become a maximalist. First, people need to understand what fiat is.
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I should have bought #bitcoin after the 2nd halving! Only my your own stupid inertia, intellectual laziness and lack of courage stopped me. Oh well - at least I'm safe now with my #bitcoin acquired after the 3rd halving. Before the 4th halving comes - get off zero #bitcoin. !!!!
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"Those with brains no balls become mathematicians, those with balls no brains join the mafia, those with no balls no brains become economists. And those with brains and balls become ____?" - Nassim Nicholas Taleb amazon.com/gp/product/198
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They don’t call it the Securities and Exchange Commission for nothing. #Bitcoin
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SEC complaint against TFL and Do Kwon alleges that LUNA and UST are securities. In a novel theory, the SEC not only characterizes UST as an investment contract but as a security bc it could be exchanged for a security (LUNA). Under this theory, nearly anything can be a security.
Someone who believes that #Bitcoin will end up with a negative price also believes that the Fed would be able to shrink their balance sheet to zero. Neither will happen. Yes Fed will shrink it some. Also: #BTC got 9% further away from zero past 24 hours.
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Federal Reserve Chairman Jerome Powell wants to shrink the balance sheet to zero over the next few years. And while this may be good for the economy, not everyone will like the outcome...especially our vest-wearing friends down on Wall Street. My Latest: mailchi.mp/zeihan/fed-shr
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Peter timed this tweet for the day #Bitcoin is up 11% within 24 hours. Scarcest and most secure monetary technology in the history of mankind. #BTC looking smarter.
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As the great philosopher Forrest Gump once said: stupid is, as stupid does. gizmodo.com/bitcoin-price-
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But the volatility! They say. #Bitcoin is convex, friends. Jensen ratio for a power law of block height model (Lindy tech adoption model) is now 5.9 >> 1. E[F(x)] > F[E(x)] where F is your favorite model and E expectation value means it skews very favorably to the upside #HODL
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Oh look they reinvented money market funds. What is fiat squared? Government fiat raised to the corporate power.
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I have an essay in @CoinDesk today countering the FUD about stablecoins. Eventually everyone will realize that these are the safest payment instruments ever invented and a boon to the US government. coindesk.com/consensus-maga
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#Bitcoin can only be minted close to Earth; 10 light minute window, in practice that means Earth and Moon system. (Explains why Elon likes doggies, Mars is out of the loop).
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Why don’t we hear gold bugs say one ounce of gold = one ounce of gold? Because there’s a practically infinite amount of gold in the universe. Gold bugs really care about one thing: having more dollars. 1 #BTC = 1 #BTC because it is truly finite
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