Tim SwansonVerified account

@ofnumbers

founder ; advisor ; formerly ; former fellow & ; and author of a few things

San Francisco
ofnumbers.com
Joined March 2012
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  1. Pinned Tweet
    Aug 25

    new post: "How much electricity is consumed by Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Monero?" about the resource consumption of the five most well-known proof-of-work networks:

    31 replies 140 retweets 277 likes
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  2. 5 hours ago

    source:

    2 retweets
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  3. 5 hours ago

    i am frequently asked what the "Red Queen Effect" is with respect to cryptocurrency mining, here is a good explanation:

    2 replies 4 retweets 7 likes
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  4. 6 hours ago

    "In Iceland, the finance minister has warned that cryptocurrency mining – which uses more power than the nation’s entire residential demand – could severely damage its economy. " this is obviously FUD from statist lizardmen

    4 replies 4 retweets 4 likes
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  5. Retweeted
    8 hours ago

    All the stablecoin bros should read up on currency board history (as it’s the most likely guide for their future)

    2 retweets 3 likes
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  6. Retweeted
    Aug 8

    The case for taxing Bitcoin, due to its intentionally energy-consuming design. The power needed to process a single transaction can power a home for a month:

    9 replies 69 retweets 86 likes
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  7. Retweeted
    10 hours ago

    Public coders & miners as fiduciaries hits !

    2 replies 13 retweets 26 likes
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  8. Retweeted
    13 hours ago

    Venezuela's Maduro is hyping his new crypto, but found the Petro doesn't yet exist, the oil reserves supposedly backing it are still underground and no proven investors Meanwhile the gov. tells teachers to shill the coin to starving kids

    17 retweets 15 likes
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  9. Retweeted
    14 hours ago

    154 replies 17,775 retweets 50,999 likes
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  10. Retweeted
    14 hours ago

    4 replies 22 retweets 155 likes
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  11. Retweeted
    13 hours ago

    Saving for retirement and being responsible is 'shilling for corporate America.' Buy bitcoin instead!

    Replying to @AdamSinger @RyanSAdams
    Index fund supporters are shills for corporate America
    5 replies 2 retweets 17 likes
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  12. Retweeted
    13 hours ago

    The narrative for Bitcoin sure moved quickly from "buy this to get rich quick" to "please put some % of your money into BTC to help bail us out."

    14 replies 12 retweets 82 likes
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  13. Retweeted
    12 hours ago

    The Venezuelan president has been talking about the country's cryptocurrency, the petro, as though it is a real, operating thing. The reality appears to be a bit less substantive according to of

    Venezuela's Maduro is hyping his new crypto, but found the Petro doesn't yet exist, the oil reserves supposedly backing it are still underground and no proven investors Meanwhile the gov. tells teachers to shill the coin to starving kids
    22 retweets 31 likes
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  14. Retweeted
    13 hours ago

    University College Oxford smoking purest blockchain crack, Prof Bill Roscoe literally promises "green mining technology" no details on who is funding this centre for homeopathy^Wblockchain

    8 replies 7 retweets 23 likes
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  15. 11 hours ago

    last week some vocal maximalists dismissed the electricity consumption calculations i provided because they didn't believe 3 million ASIC mining machines were up and running. as usual, they were wrong. see this good independent analysis:

    Bitmain’s IPO Documents highlight some of the issues: * Investing too much in BCH * Too much inventory * Loss-making sales However, Bitmain shipped 3 million miners & produced $1.3 billion of cashflow in 2017, demonstrating a strong execution capability
    5 replies 6 retweets 30 likes
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  16. Retweeted
    16 hours ago

    Marvel at this drivable Bugatti Chiron built from a million pieces of Lego Technic and 2,304 electric toy motors

    35 replies 695 retweets 1,767 likes
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  17. 22 hours ago

    note that has published research on listing costs before, finding that some coin listing fees can reach $3 million:

    1 retweet 2 likes
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  18. 22 hours ago

    source:

    2 replies 1 like
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  19. 22 hours ago

    a guy named Laurent Garcia shared a purported coin listing price for a couple dozen cryptocurrency exchanges. can anyone confirm these? or totally made up?

    5 replies 12 retweets 30 likes
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  20. Retweeted
    Aug 29

    Today admitted that he thinks , , , , and are going to zero yet included them in his index fund

    27 replies 37 retweets 240 likes
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  21. Retweeted
    Aug 29

    This is how Utah stocks fish in its mountain lakes. Utah's Department of Natural Resources says air drops are less stressful for the fish than a long journey by ground. More than 95% survive the fall. Utah DNR compares the fish to high divers diving into a deep pool of water. 🐟

    Utah DWR Fish Drop
    These air drops are how many of Utah's high mountain lakes are stocked.
    488 replies 4,818 retweets 9,954 likes
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