Replying to https://twitter.com/UnprovokedQ/status/1525925736183484416:
@abc00731 @TomerStrolight There is a fundamental difference between Android phones being an imitation of the iPhone, or Hulu being an imitation of Netflix, vs “cryptos” trying to be the next Bitcoin. It’s more similar to someone trying to create a new protocol to run the internet, instead of TCP/IP.
@SwanBitcoin you really let CashApp enable Lightning withdrawals before you?
Replying to https://twitter.com/btcPashka/status/1525546331342786561:
@btcPashka Wow… No, there won’t be BTC charts, but we will still trade it. God willing, it won’t be for shitcoins anymore, but for commodities, equities, stocks, and the like. The point of BTC is that its supply is not elastic, though its value is.
@btcPashka And you’re right. Lending will be very different using a currency with a fixed supply. It will naturally be reigned in, because you will have to loan the actual money, instead of a promise of it, resulting in real interest rates and people only taking loans they actually need.
Replying to https://twitter.com/btcPashka/status/1525546331342786561:
@btcPashka Wow… No, there won’t be BTC charts, but we will still trade it. God willing, it won’t be for shitcoins anymore, but for commodities, equities, stocks, and the like. The point of BTC is that its supply is not elastic, though its value is.
@btcPashka We use measuring rods with “elastic value” all the time in society. There’s no way around it, because all value is subjective. The only way to have fixed value is through price controls, and those are always a terrible idea.
Replying to https://twitter.com/btcPashka/status/1525546331342786561:
@btcPashka Wow… No, there won’t be BTC charts, but we will still trade it. God willing, it won’t be for shitcoins anymore, but for commodities, equities, stocks, and the like. The point of BTC is that its supply is not elastic, though its value is.
Replying to https://twitter.com/btcPashka/status/1525404157758394373:
@btcPashka People make 10 year contracts in dollars all the time, even though dollars have no predictable value over long time, except that the value will be lower than it is today. The same will be true for BTC, except that they know the value will be higher.
@btcPashka BTC itself will be the measuring rod that we use to value everything else, so you won't need something to measure BTC. And just like the dollar's value continuously declines, BTCs will continuously increase.
Replying to https://twitter.com/btcPashka/status/1525404157758394373:
@btcPashka People make 10 year contracts in dollars all the time, even though dollars have no predictable value over long time, except that the value will be lower than it is today. The same will be true for BTC, except that they know the value will be higher.
Replying to https://twitter.com/ZinedHodl/status/1525172797093322752:
@ZinedHodl @BarrySilbert Yup. They're capped in name only.
#Bitcoin is the only currency with a reliably enforced supply cap.
@btcPashka This doesn’t mean we will always need something to “price” Bitcoin in, though. Once Bitcoin becomes our unit of account, we will be able to tell that its value continues to increase by the fact that we will be able to purchase more goods with the same amount of Sats.
Replying to https://twitter.com/btcPashka/status/1525259737218048000:
@btcPashka I think you are missing the point. Bitcoin's price volatility will drastically reduce as more people adopt it, because it will take far more buying/selling pressure to move the price. However, its value as compared with other goods will also always continue to go up.
@btcPashka As long as we are still on a fiat standard, we will track this increase in value in terms of a fiat price, and because fiat itself is not stable either, the nominal price of Bitcoin will fluctuate based on its own increasing value, and because of fiat inflation.
Replying to https://twitter.com/btcPashka/status/1525259737218048000:
@btcPashka I think you are missing the point. Bitcoin's price volatility will drastically reduce as more people adopt it, because it will take far more buying/selling pressure to move the price. However, its value as compared with other goods will also always continue to go up.
#Ethereum is the mother asshole of all the other shitcoins. - Saifedean Ammous
🔥🔥🔥
Couldn't agree more!
Friend of mine bought LUNA because it was down 99%. He learned real quick why a shitcoin is never a good buy, no matter how low their price goes. It dumped another 90%+ and now the blockchain is halted. #REKT
Replying to https://twitter.com/LinaSeiche/status/1523754088583770112:
@LinaSeiche I hope everyone keeps selling this low! I may just become a whole-coiner yet!
Replying to https://twitter.com/btctherapyio/status/1523762342970163201:
@bitcoinmemelib Not just hodling; stacking.
Please keep selling #Bitcoin at these prices! It's keeping my dream of being a whole-coiner alive!
Replying to https://twitter.com/iAhsh/status/1522028357784723456:
@iAhsh @TomerStrolight Right side is the next block. Left side is the next ~42 blocks worth of transactions waiting to get into a block.
Replying to https://twitter.com/Minecraft/status/1520450660902256643:
@Minecraft The genesis block.
Replying to https://twitter.com/btc_2_da_moon/status/1516910729193951232:
@btc_2_da_moon I prefer ESV or NKJV.
Trying to get LNURL pay set up for my church has caused me to realize just how early we still are. When bolt12, please?