Blockchains aren’t magically immutable, they require massive amounts of proof of work and true decentralization to achieve immutability, plus properly aligned long term incentives to stay that way. I’m convinced Bitcoin’s the only immutable blockchain built to last forever. https://m.primal.net/PXVp.mp4
Final frame 🍻 
Blockchains aren’t magically immutable, they require massive amounts of proof of work and true decentralization to achieve immutability, plus properly aligned long term incentives to stay that way. I’m convinced Bitcoin’s the only immutable blockchain built to last forever. https://m.primal.net/PXVp.mp4
Denial...it'll probably continue to be a slow burn lower as bitcoin continues marching along.
Number of days spent at a loss bitcoin animation (log scale version). https://m.primal.net/PSme.mp4
Class of '24/'25 ain't ready lol
Final frame 🍻 
Number of days spent at a loss bitcoin animation. https://m.primal.net/PSfx.mp4
Just finished updating this Number of Days Spent at a Loss bitcoin animation...do you like it better in linear scale or log scale? 
Make America Ghey Again 
An initial 5% loss will reduce a balance more than a subsequent 5% gain so there's an inherent bias towards losing money when trading.
$10,000 * 0.95 = $9,500
$9,500 * 1.05 = $9,975
Final frame 🍻 
Bitcoin has officially closed 500 days with a market cap above $1T. https://m.primal.net/PQFK.mp4
After 4 years of trading...
average balance = $9,067.52
balances above $10k = 1,605
balances below $10k = 8,395
balances of $0 = 1,600
Without an edge, the trading odds are not in your favor.
I ran a simulation with 10,000 traders each starting with an account balance of $10,000 and a normal distribution (std=5%) of random daily gains and losses.
Guess how many traders ended up with a positive ROI after 4 years...the same number that lost everything.
📈📉😳 
In case you didn't know, it's a lot easier to stack a whole bitcoin at $80k than it is to stack a whole bitcoin at $100k. Thank you for coming to my TED talk.
If you take the top 10 mcaps (excl. stables), bitcoin accounts for 72%.
1. BTC $1.68T (72%)
2. ETH $278B (11.9%)
3. XRP $127B (5.5%)
4. BNB $86.2B (3.7%)
5. SOL $68.6B (2.9%)
6. DOGE $30.7B (1.3%)
7. ADA $22.7B (1%)
8. TRX $19.6B (0.8%)
9. LINK $9.6B (0.4%)
10. LTC $9.6B (0.4%)
Bitcoin’s issuance rate has stayed just under 1% during this epoch. It’s proven to be the most predictable and stable sound money ever. You’ve got about 3 more years to study this before it drops below 0.5%. https://m.primal.net/POgp.mp4
Final frame 🍻 
Bitcoin’s issuance rate has stayed just under 1% during this epoch. It’s proven to be the most predictable and stable sound money ever. You’ve got about 3 more years to study this before it drops below 0.5%. https://m.primal.net/POgp.mp4