Lauda @LaudaBit

Trust your money to the integrity of mathematics, or trust your money to the integrity of these two “policymakers”?

Emergency Press Conference: Ripple is undermining American prosperity, freedom, and Bitcoin. Ripple is actively lobbying to stop a Bitcoin Strategic Reserve in the U.S. while pushing their centralized, corporate-controlled token. We will not stand for it.

@TuurDemeester Thanks!🙏

@TuurDemeester Source?!?

@elonmuskTN 39

anti-privacy is a dead end Because privacy on BTC is actually *unblockable*. Imagine an extreme case: * BTC is totally anti-private. Rampant accurate chainalysis. No private wallets. * You can swap [USD for BTC] at your local drug store / supermarket / post office. Because it is so compliant. * XMR is the only super-private coin, and has no liquidity. No exchanges support it anywhere. * BTC & XMR still have HTLCs. In that situation, cypherpunks would just use HTLCs to travel: USD --> BTC --> XMR ---> BTC --> USD . The BTC is effectively a "fiat onramp" for XMR. So, to disable "privacy coins", you must disable all HTLCs in all cryptos. You must play cat-and-mouse to disable all of the "BTC-ness" until the blockchain just isn't there anymore. So, everyone who thinks "we must appease the anti-private institutions for NGU" is totally wrong. They will never be appeased because BTC will always be private. It is unfortunate that lawmakers do not understand blockchain privacy. Every blockchain transaction is public (and stored on every computer). So privacy-tech is part and parcel of the blockchain. Without privacy it does not exist. Anti-privacy is a dead end

Nikita Zhavoronkov @nikzh

2 years ago

It's the point where transparent blockchains (Bitcoin, Ethereum, etc.) and opaque blockchains (Monero) diverge into two completely different asset classes 🔀 Alas, it's either staying private or welcoming institutional investors. So I guess no privacy features on Bitcoin? 🤔

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🧵 How 3 EU Central Banks are working together to try to weaken Bitcoin What action each of them has taken What are their next moves What we must do 👇

REPORT: Activists are upset at YouTuber Mr. Beast for building 100 wells across Africa that provided clean drinking water to its citizens Although the wells provide clean water to half a million Africans, activists are upset with Mr. Beast because they're annoyed a white male was the one who solved the problem. "I’ve been doing this for 15 years, but we’ve been struggling to continue the work because funding, awareness, and advocacy all take work," said founder of FACE Africa Saran Kaba Jones. "Overnight, this person comes along, who happens to be a white male figure with a huge platform, and all of a sudden, he gets all of the attention. It’s kind of frustrating, but it’s also understanding the nature of how the world is," she said before giving him a weak 'thank you.' Others were upset that Mr. Beast "highlighted" the failures of the Kenyan government that maintained the stereotype that Africa is "dependent on handouts… and philanthropic intervention." Mr. Beast predicted the backlash, saying he he knows he is going to get "canceled" but he doesn't care. "I already know I'm gonna get canceled because I uploaded a video helping people, and to be 100% clear, I don't care." Clean drinking water is racist.

"Any computable function can be verified on Bitcoin" bitvm.org/bitvm.pdf

Preston, this only matters in margin spot markets. Shorting gold or BTC on spot requires someone to lend the underlying asset. Pull the asset off the exchange and nobody can borrow it to margin short. But what I refer to is futures markets. I can put in USD collateral and sell near unlimited BTC futures contracts. Some misunderstanding from the community here so let’s run through the mechanics with a thought experiment: According to @glassnode there are 2.3 million BTC sitting on exchanges today. Let’s say the public wants to buy ALL of them and to take custody. So how much USD would I need to prevent the price from climbing? Well for every spot BTC that is bought I need to sell 1 BTC of futures contracts. These two markets are tightly linked via arbitrage traders who make money whenever they get out of step. Remember selling a future contract is just a bet on the price to go down. There is no limit on how many bets I can lay down apart from how much money I have to back that bet. 5x leverage is the norm so I would need $12b USD and absolutely NO BTC in my futures account to stop BTC price from moving upwards even if all the BTC available on exchanges were being bought up. (2.3m BTC * price / 5x leverage). How much money is in the banking system? $20T of M2 money. $12b is a rounding error. If we go into the math at more details, it’s slightly more than the $12b due to futures contracts being priced higher (called contango for those reading this), that price premium is captured as profit if you short BTC (this is called a basis trade). In a basis trade you would normally buy spot BTC to protect from getting rekt if BTC price went up (short squeeze). But hell, if I had $12b of collateral why hedge. I’m the OG, I don’t need to buy spot BTC to protect from BTC going up as I have enough sell power to keep it down. So in fact for an entity that has $12b of capital there is a profit incentive to short BTC on futures and keep price down. Can this be done? Yes, because… futures > spot All you need to check is the daily volumes being traded on futures. It dwarfs the liquidity on spot markets. As long as this is the case, spot markets orbit the gravity of futures markets, not the other way around. Hence you see the agenda by laid out to delay a spot ETF. For 7 years spot liquidity has been held back. While futures markets have flourished, vastly outgrowing the spot market.

Magic Internet Money no longer needs the Internet ! x.com/pittman021/sta…

Tim @pittman021

3 years ago

One major objection to #bitcoin adoption is its dependence on internet access. For example, 43% of Africa's 1.5 billion population don't have internet access. With @Machankura8333 that changes. Anyone can send and receive with just a phone number! * Text a number and get a LN

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@hasantoxr SEND

@AbbyJohnson @cashmerecupcake M

We are living through a worldwide debt spiral, and the optimal way to protect your savings from its catastrophic consequences is #Bitcoin. Clip from WiM294 w/ @jameslavish

As promised, here is an in-depth overview of MiCA's rules and implications: paddihansen.substack.com/p/the-eus-mica…

Mega Thread: The Going Direct Reset and The Financial Coup of BlackRock. We have all heard of “The Great Reset” but unbeknownst to most, there is another reset that has already occurred with the help of financial titan.

Project Icebreaker: The Beginning Of A One World Digital Currency System? zerohedge.com/economics/proj…

JUST IN: 🇬🇧 Massive protests against #CBDCs in England 🚨😲

Energy usage of #Bitcoin in comparison ⚡️

Issue #1330: Focus is Key Right Now tftc.io/martys-bent/is…