“One must acknowledge with cryptography no amount of violence will ever solve a math problem.”
- Jacob Appelbaum
“I am fascinated by Tim May’s crypto-anarchy. Unlike the communities traditionally associated with the word ‘anarchy,’ in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary.”
-Wei Dai
Bitcoin =
RPOW
+ consensus
+ decentralization.
“Unthinking respect for authority is the greatest enemy of truth.”
-Albert Einstein
“Everything the State says is a lie, and everything it has it has stolen.”
-Nietzsche
“Privacy is necessary for an open society… We cannot expect governments, corporations, or other large faceless organizations to grant us privacy out of their beneficence.”
- Eric Hughes
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”
-Satoshi Nakamoto
“Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner.”
-Tim May
Lucifer gave light, Prometeus gave fire, Satoshi gave Bitcoin — and none asked permission.
On Stablecoins and System Integrity
There has been increasing discussion around the utility of dollar-backed stablecoins within decentralized systems. While these instruments are marketed as a means to facilitate adoption and bridge to legacy finance, they introduce several structural issues that compromise the foundational principles of peer-to-peer electronic cash.
First, stablecoins rely on centralized custodians. This is fundamentally at odds with a trust minimized system. Any asset that can be frozen or reversed by a third party is subject to the same limitations as traditional banking. It inherits the risks of regulatory capture, counterparty failure, and censorship, nullifying the advantages of decentralized networks.
Second, pegging value to fiat currencies such as the US dollar effectively ties the system back to inflationary monetary policies. One of the primary motivations for Bitcoin was to create a currency with predictable issuance and resistance to arbitrary monetary expansion. Stablecoins maintain dependency on fiat, and therefore, do not solve the problem. They recreate it on a new platform.
Third, widespread reliance on stablecoins introduces systemic risk. If a significant portion of activity is denominated in assets that require off-chain guarantees, any failure of the issuer could result in loss of funds or network disruption. These are single points of failure, which decentralized systems aim to eliminate.
Ultimately, stablecoins do not reduce trust! They shift it from governments to corporations. In practice, this can lead to greater surveillance and control over user funds, particularly when used at scale.
The goal should not be to replicate the legacy financial system with new tools, but to create an alternative that is inherently resistant to control, self-sovereign, and secure by design. Stability may be desirable, but it should not come at the cost of decentralization.
Systems that rely on trust will always be vulnerable. Decentralization only works when trust is minimized through code, not reintroduced through custodians.
All aboard the money train! Let’s ride it straight to Valhalla …no stops, no brakes. Bitcoin moonshot 🚂🚃🚃
JoshMandell telling Giovanni that the PowerLaw Model is obsolete
To: Whale that shorted Bitcoin
Congratulations on Your Efficient Financial Self-Harm
Bitcoin shorted big time
https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c
Stack sats every day
When someone says:
„I dont own any bitcoin.“
Mr. Short" increased his Bitcoin short to nearly 5,000 Bitcoin, or $415 million (at 40x leverage), currently w/ $0.4m unrealized gain & liquidation price of $86,100 👇 Also went $40m short ETH (at 25x)
Lets teach him a lesson
