Colin Harper 🥪
@AsILayHodling
Followers
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"He writes for Bitcoin" EIC Blockspace Media (@blockspacepod) Senior Contributor @ForbesCrypto Formerly words + research @LuxorTechnology / @HashrateIndex
Joined January 2018
Twitter's co-founder just accepted a #bitcoin payment that has been sent/received by 140 other users across 6 continents and 37 countries. Oh, and it was all started by an anonymous user represented by an astronautical tomcat (@hodlonaut). This is the best timeline. #LNtrustchain.
@matt_odell lnbc28600u1pw9n7g7pp5enjn8exsyymyl6mlxmcvy7fdcwuh04z96swfmtasznppglgdyvsqdqqcqzysc8rve6vdwuvketcn7yp8gu3ltvq29vj588erp3at9z2msqj0yhhjdwsf7qtfy5lwf8favm6u3wr5qklvprlhrz89pknpdfxnc55wy6sqnrxjh7.
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IDK who needs to hear this, but Microstrategy owning 2% of the bitcoin supply is not a good thing.
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Money printer go brrr is a god-tier meme and I unironically believe it's one of the most important memes we've ever seen. It perfectly illustrates how absurd and reckless central banking monetary policy can be. It's red-pilling millions on the fragility of fiat currency.
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Yeah, the price of bitcoin in USD is cool but have y'all ever taken a look at the price of USD in bitcoin?. One buck gets you 9900 sats.
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"Sure, he bought the burgers with bitcoin, but did he use his OWN non-custodial wallet connected to his OWN lightning node?"
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TBH buying into the mainpulation FUD is probably a necessary coping mechanism for nocoiners. I mean, imagine knowing about bitcoin for years and not holding even just a little bit. You'd have to convince yourself it's all a charade to reckon with your choices.
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My friends are out here collecting unemployment checks while the S&P 500 tops a new local high. Do we have a word yet for this economic/financial cognitive dissonance?.
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Mainstream media:. "Investors have lost MILLIONS buying crypto tokens. Will they ever recover?". Also mainstream media:
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Some professional news:. Excited to announce that today is my first day at @CoinDesk! I will be working the tech desk under the inimitable @cryptowords and focusing primarily on Bitcoin. DMs are open--if you have tips/topics of interest that are worth covering, give me a shout!.
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One of my favorite things about this space: if you fuck something up but you own up to it, people are chill--they're only dicks when you're wrong AND double down. But if you're willing to learn, they're more than willing to teach. Toxic maximalists are cuddly up close.
@AsILayHodling @BitcoinMagazine @lightning My pleasure and kudos for intellectual honesty and professionalism in reaching out!!!.
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My father, a pre-coiner on the sidelines for years, ready to finally enter Bitcoin:. "So I should stay away from all the other ones?". Me: "Correct. Shitcoins are created to take your bitcoin.". "Ha! I like that.". Maximalism is common sense. Thanks @MrHodl.
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Yes, @GrayscaleInvest, I do know about Bitcoin Cash. And no, I don't want to buy your bags. Why pedal fool's gold when you sell the real thing?
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The Fed just added $72.8 billion (!!!) to the financial markets. This is half of Bitcoin's market cap and roughly three-fourths of its realized cap--and it was pumped into US markets in a single day. And still they tell you that bitcoin is the risky experiment here.
Keynesianism needs constant bailouts because it is an irrational economic philosophy. "The Fed has been intervening in markets in the current fashion since mid-September, when short-term rates unexpectedly shot up on a confluence of factors." via @WSJ.
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Roughly 70 EH/s of hashrate has gone offline since China's crackdown. Where is this hashrate going to go, how will it get there, and what does this mean for Bitcoin's mining landscape?. 🧵(10/10) on my research for @hashrateindex, summarized below:.
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In the aftermath of China's mining ban, the Bitcoin mining world is experiencing a renaissance. ICYMI, I delve into some of the changes we're seeing in @hashrateindex's Q3 report and wrote a summary for @BitcoinMagazine. Check it out! .
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Some professional news:. Stoked to share that I'm joining @blockspacepod as editor-in-chief! Looking forward to working with @wsfoxley and @cbspears to bring y'all the best content / news in Bitcoin. We'll be at the @TheBitcoinConf this week, so come say hi!.
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If someone tells you bitcoin is worthless, then politely ask them what they would do if they were given 1 BTC.
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We expect China's exiled hashrate to settle:. -30-40% in the United States.-25-30% in Central Asia/CIS.-10-15% in Latin America.-5-10% in Canada.-5-10% in the EU.-10-15% stays offline . Additionally, we estimate that American mining pools will manage 40 EH/s by the start of 2022.
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It's 2057. Bitcoin settles billions in value daily. Liquid, etc are used to settle billions more in other digitized assets. 1 sat buys a beer; 1000, a car. Somewhere in the ether, the ETH community (still waiting for 2.0) mutters in unison: "It's not even Turing complete.".
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Has your bank suspended, restricted, or closed your account because you were buying/selling bitcoin or other cryptocurrencies? Slide into my DMs--I'd love to hear from you.
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It's #MiningPornMonday and instead of posting ASICs, I'm gonna tease y'all with some empty warehouse space. By next year, a lot of this will be filled up with machines from China. The migration is underway and it will be a major boon for US farms like this one.
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.@BtcpayServer is constantly evolving and improving its stack--all without a central source of funding. My latest on how BTCPay has grown up as an outspoken BitPay rival to become the hottest open source project in Bitcoin. Always in awe by this team's hustle and dedication!.
From humble beginnings in 2017, @BtcpayServer has emerged as one of the most inspiring projects in Bitcoin. With its meteoric success, is the open-source payment processor redefining what a "unicorn" looks like?.
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There's been lots of talk about the US becoming a mining powerhouse, but what about our neighbor to the North?. In my latest for @BitcoinMagazine, I run thru why @LuxorTechTeam believes that Canada will be a top 3 mining hub in the years to come. Quick 🧵.
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Stoked to finally share @hashrateindex's 2021 report, a 50 page whopper written by myself and @ethan_vera. In 2021, Bitcoin mining's center of gravity shifted away from China, affecting dynamics in nearly every corner of the industry. Some highlights from the report 🧵.
2021 was an inflection point for the Bitcoin mining industry. China's mining ban has left an indelible impact, affecting everything from global hashrate distribution to ASIC markets. We're at the forefront of a new era. Read on in our 2021 EoY Report 👇.
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Bitcoin fam, I'm reviving my Living on Bitcoin series with a European tour. I'll be starting in Arnhem, heading to Berlin for the @LNconf, and finishing up in Prague. Which Bitcoiners/Bitcoin companies/cool Bitcoin spots should I be aware of in these cities? Give me a shout!.
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Lightning powered beer tap by @selberthomas. 402 sats for a pour--that's 3 cents y'all lmao. @LNconf is a playground.
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Got sick to my stomach a few times while writing this one. Since changing ownership in 2018, back doors in Bitcoin Paper Wallet's code have resulted in the theft of at least 124 BTC. Many victims losts life-changing sums. Never trust a website with key generation.
IN DEPTH: A popular bitcoin paper wallet appears to have a back door that saves a copy of users' private keys. CoinDesk spoke to multiple sources who claim to have lost 124.85 BTC collectively. @dustin_dettmer @colin_Aulds @BryanAulds.By @AsILayHodling.
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We're about three months out from China's crackdown on bitcoin mining and we're starting to see the mid-to-longterm ripple effects of the ban on market and network conditions. How has the mining landscape changed since The Great Hashrate Migration began? . A quick 🧵.
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Cringe af. Bitcoiners don't care if you're an "OG" or have more money than Solomon. You don't get special privileges, you don't get a pass. That's the whole point. No leaders, no demagogues.
@surferjimw @novogratz You’re a joke. Both Novo and I owned Bitcoin when you were still living in Mommy’s basement. When it comes to Bitcoin, it’s really about OGs and wannabe’s.
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@hodlonaut Love you man, but this analogy is mad faulty. Diabetes and heart disease are non-communicable diseases. If I eat too much sugar and get fat and have heart failure, that's my problem. If I got out, no one "catches it". If I have COVID and go out, many, many people are at risk.
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Everyday is like a fever dream with a new bullish news blurb. For today: America's biggest financial firm is now opening accounts with Bitcoin exchanges. Coinbase and Gemini first, others to follow. If you're not bullish, you're not paying attention.
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.@RussellOkung at it again. For his "My Cleats, My Cause," he'll be repping @BtcpayServer on the field this Sunday against the Jags. Great to see one of the most ideologically pure projects in Bitcoin receive some well-deserved love.
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Y'all wtf is going on.
Eh-Oh. what could the Teletubbies be possibly hiding from us? Stay tuned for something BIG this week. 🚀 #Bitcoin
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@TuurDemeester If the intent is to make a truck fit for the apocalypse, pretty silly to make it all electric.
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Thinking about starting a Bitcoin Board Sports Association--it'd be a lifestyle group that hosts annual snow sports / surfing events for Bitcoiners. Waaaaay too many of us into surfing/skiing/boarding for this not to be a thing. Thoughts?.
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Please like/RT/comment on my quote tweet here if you have used Lightning before--trying to make a point.
.@jack trolling pretty hard today. Is it just me or can anybody name a single person that uses Lightning wallet?. It’s just a worse centralized version of Bitcoin (which nobody on Twitter uses anyhow). Big brains build on Ethereum. Any other wallet integration is disingenuous.🧠.
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Bitcoin is practical money. Ethereum is fantasy finance.
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MobileCoin's CEO told me a 2017 white paper which lists @moxie as the project's CTO is fake. That same white paper is referenced in MOB's current tech docs--and Signal's CEO is cited as its co-author. More on Moxie's ties to MOB (and its pre-sale) here:.
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.@PeterMcCormack took personal risks and invested his time, money, and energy to build one of Bitcoin's most popular (and informative) podcasts. God forbid he see profit. I mean really, y'all, do you think the dude doesn't deserve to see a few bucks?.
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So China has "banned" Bitcoin once again. Most of us are used to this by now and usually shrug it off, but these recent actions are the strictest yet . A 🧵 on how the CCP is ramping up its crackdown on Bitcoin and crypto writ large (and why this time is more serious) 👇
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If you don't have a ticket to Consensus 2021 and you're interested in @zackvoell, @ethan_vera and @MartyBent's panel on ESG Bitcoin mining, you can follow along with me in this thread. Starts in 5--gonna be a banger.
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Bitcoin fam, @BitcoinMagazine is bringing back another print edition to be released at the @bitcoin2020conf in March of next year!. What kind of content do y'all want to see featured? This can be anything: written, illustrated, puzzles, etc. Tell us what you want!.
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@nic__carter He told me in an interview last year that he felt like he "crapped on" Bitcoin by inventing GPU mining, so your theory has credence imo.
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Since the halving is forthcoming and BTC's price is low, I'm calling on all Bitcoin monetary policy governors to make an immediate energy rate cut to BTC's power consumption. With an average annual consumption of 30 TWh, I propose a cut to 20 TWh to avoid a mining death spiral.
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Yes the Lightning Network has been an absolute failure in 2019. Year over year, the number of bitcoin locked in the network has increased 140% and the number of (known) channels has grown 144% . Over $6.5 million in capacity, too. What a flop.
According to Crypto Twitter, 2019 was supposed to be the year of Lightning Network — it wasn't. Why does everyone think LN hasn't seen more adoption? 🤔
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This is some astonishing gaslighting. When I dove into Bitcoin in 2017, the Ethereum ICO bubble sucked me in, but then I did my research, wised up, and stuck around for Bitcoin. Many such cases. Absolutely incredible, ETH's Ministry of Propaganda outdoes itself again.
Bitcoin is for people who haven't discovered Ethereum.
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The @LNconf was fire. Quality talks, quality people, effusive enthusiasm and sooo many opportunities to use lightning. A collision of culture and ideas that made for a truly electric event. Cheers @lightning, @starkness, et al. Y'all slayed. Already stoked for next year ⚡.
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Stoked to share with y'all Hashrate Index's Q3-2022 Report: Gradually, Then Suddenly. TLDR: Miners are really feeling the bear market. In Q3 we saw fire sales, mass BTC liquidations from public miners, and the 1st major bankruptcy of the down market. 🧵.
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Interested in having a massive bitcoiner ski/snowboarding outing where we rent out a few cabins in the rockies and kick it for a week (other activities like snowmobiling for non-skiers, too). Inspired by @MsHodl's camping trip idea. Would folks be down for this?.
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"The most important trade is the trade that you make with your future self.". @saifedean at @Bitcoinis_ on savings and time preference.
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Going to San Francisco to live on #bitcoin for week, gonna write a cover story about the experience for @BitcoinMagazine. SF Bitcoin community, where can I use bitcoin in your city? Tell me the spots!.@SFBTCMeetup, @cryptograffiti, @ck_SNARKs , @paullinator, @Disruptepreneur.
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Pretty neat deal: Argo and Core Scientific agree to an ASIC swap. Argo will give Core ~958 PH/s worth of S19 series rigs that the company was hosting at a Core facility. In return, Core will deliver S19J pros it has on preorder to Argo's new Helios facility in TX
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Bro that's absolutely wild. I totally forgot that Consensys is a non-profit. Thank god Ethereum isn't tainted by any venture capital! Gosh, if it were, I might need to reconsider my position on ETH 2.0.
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$10k in a day--Bitcoin community out here securing the bag. Cheers to everyone who donated! If you haven't already, check out @BtcpayServer. Seamless and fee-less fundraising. No middleman, only Bitcoin.
We're proud to announce that #BitcoinForTor @torproject is now 100% funded. The community managed to raise 10k, 25 hours after the launch. Take a moment to celebrate, but if you can, keep sending sats as this is just a softcap goal. 💚💚💚
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The fact that misrepresentations like this are still pushed through MSM is absurd. If I paint a copper coin yellow, does that make it fungible with gold? What about if I scribble "legal tender" on a sticky note. Can I deposit that with my bank?. Embarrassing @FTAlphaville
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Nashville Lolli birthday party was lit. Cheers to @trylolli for making it happen!. #stacksats, y'all. From music city with love.
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Kraken will add support for the Lightning Network next year. Y'all owe @pierre_rochard an apology.
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Unlimited QE, $1 trillion daily repo, 0 interest rates, and 0 reserve requirements--a few things the Fed has been up to. The Fed is bringing out everything in its arsenal. In my latest, I break down what these weapons are and how the Fed is using them.
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.@hodl_american I woke up to sub-$8k bitcoin and I'm FRICKIN PISSED. Whatever happened to your grand promises, your cocksure guarantees?. Honestly fuq this. I'm moving on the Eutherium.
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In Amsterdam and am delirious and jet lagged after an overnight flight, but hey this club sandwhich is lit and I paid for it in BTC. Living on bitcoin in Europe already panning out a helluva a lot better than SF. Godbless the Dutch.
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@katherineykwu Sorry this happened, but thank you for sharing your experience. Anecdotes like these are crucial for men to hear. For us, it contextualizes the threats that women face daily. And it's a great reminder that bystander intervention is imperative for neutralizing this behavior.
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@american_hodl My grandma and grandpa always tell people I work for bitcoin. I don't have the heart to correct them because it's done with innocent ignorance and, despite their lack of understanding, always with pride. God bless y'all, Sue Sue and Papa.
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We published our 2022 Year in Review on @hashrateindex today👀🥳⛏️. 2022 was a watershed year. There's never been as much interest in BTC mining, and there's never been as much money on the table – or as much to lose . Report below, highlights in this 🧵.
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Yeah guys Bitcoin is dope but have y'all ever been on that Lightning Network shit?. Just sent $16 bucks for a penny and it settled instantly. Electric, baby. ⚡️.
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This document is explosive. Lots of acerbic, no-punches-held language from the Swan team. Also lends some juicy insights regarding Swan's mining operation:. -Tether confirmed as financier .-Swan hashrate was 12 EH/s as of July 2024.-Swan's first site was in Tasmania, Australia.
BREAKING: Swan sues former consultants and executives for attempted “'rain and hellfire'" plan to steal Swan’s billion-dollar Bitcoin mining business" in coordination with investor and JV partner Tether. (Source in reply).
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Things I bought with my bitcoin in Arnhem today:.-Palestinian pastries .-vinyl records.-Truffle sausage, truffle cheese, focaccia.-power outlet adapter.-coffee. Oh, and venison for dinner. Arnhem truly deserves the @bitcoinstad namesake.
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BREAKING: CEO OF COMPANY WHOSE BUSINESS THRIVES ON SPENDING AND DEBT DOESNT LIKE INCREASINGLY POPULAR SAVINGS INSTRUMENT.
Klarna's CEO is 'deeply worried' about tweets promoting bitcoin and thinks regulators should step in
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☢️!!DENVER BITCOINERS!!☢️. We've got another meetup tonight! . Bring your beautiful selves (and friends!) to Recess tonight at 6 for bitcoin, brews and good vibes 🍻🌽.
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There's a tidal wave of hashrate coming to North America in 2022. In my latest for @hashrateindex, I modeled out how much hashrate top NA miners expect to turn on next year. TLDR: the biggest players will have over 80 EH/s online by the end of 2022 🤯. 🧵.
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.@lightning once again delivering key innovations. S/O to @bitconner and @roasbeef for helping me digest all of the technical info and answering questions. Oh, and an added thanks to Laolu for comparing watchtowers to the Eye of Sauron--made the hook for this one write itself.
Watchtowers, a new technical feature from @Lightning Labs, will keep an eye on Lightning Network channels and potential bad actors. #Bitcoin .
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Living a week on bitcoin starts today. Gonna live tweet about it and pub daily recaps on @BitcoinMagazine. SF bitcoin folk, gimme a shout. @SFBTCMeetup @ck_SNARKs @cryptograffiti @JaredHarrill @Disruptepreneur @davidsteinrueck @jespow @ZaneWithSpoon.
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Degens are piling into @fractal_bitcoin, a merge-mined BTC sidechain launched by the team at @unisat_wallet. Fractal has 30s blocktimes (!), and since launch, the chain has swelled to ~15 GB. Extrapolating this growth out, we get massive chain bloat to 1.7 TB (!!) by Jan 25.
Fractal Bitcoin metrics are soaring:. 🔳$FB + 300% ($11 -> $33).🔳transactions are up 200x (2/block -> 400/block).🔳Over 1/3 of all Bitcoin miners are merge-mining Fractal (230Eh) (@AntPoolofficial @f2pool_official @MaxiPoolHosting @SpiderPool_com). Currently, a token protocol.
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*opens phone*. Wow #bitcoin is at $11k. *phone buzzes*. "Hey bro long time no talk haha so is bitcoin still worth buying now? Thinking about buying some XRP cause it's super cheap, is that a good idea???".
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This marks @sqcrypto's 20th grant since it first funded @BtcpayServer in 2019. You love to see it!. Congrats to @patestevao for the funding. She'll be researching UX/UI design for Bitcoin software, and her findings will be published later here:
Square Crypto has issued yet another grant. This time, it's going to a #Bitcoin designer to research how to improve Bitcoin software user experience and interfaces. @patestevao @sqcrypto. By @AsILayHodling.
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800 watts really is the sweet spot for an S9. At 1300 watts, this dude produces ~16 TH/s. That's a 62% increase in power draw for a 14% bump in hashrate. For most home miners, the slight increase in hashrate is not worth the power cost.
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.@GrayscaleInvest you have to stop. "By design, XRP is unlike many of its digital counterparts--and its unique characteristics have propelled it to increasing adoption. " . Yes, very unique with its massive pre-mine, central issuance, token burns and army of shills.
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Ethereans doing victory laps over Visa's cryptopunk purchase are ignoring all the BTC/Lightning companies on Visa's fast track program.
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Saw the hype around Lolli and knew I had to give it a try. Then I became obsessed and knew I had to write about it. If you haven't yet, give @trylolli a go, and then get the no-coiners in your life onboard, too. 10,000 users and growing. Keep grinding, @alexadelman / @MattSenter.
CEO of @trylolli Alex Adelman says that while working at Ebates, he learned "why people buy, how people use cashback programs," — the hows and whys that would eventually lay the foundation for building Lolli's bitcoin-back platform.
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@IslandHunting @adam3us @TuurDemeester Lol wut? They didn't launch a satellite. They're renting one and using it to relay network data. But yeah you're totally right, definitely scammy that Blockstream is support auxilary infrastructure that lets users interact with Bitcoin without an internet connection. .
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@nic__carter From an email Satoshi sent to Laszlo:. "A big attraction to new users is that anyone with a CPU can [mine]. GPUs would prematurely limit the incentive to only those with high-end GPUs. It's inevitable that GPU clusters will [dominate], but I don't want to hasten that day".
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We just released our Q3 report on @hashrateindex and it's chock-full of data that illustrates how China's mining ban has impacted Bitcoin's mining landscape. Link to blog with report below. And here's a quick thread with my favorite tidbits.
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@scottmelker Cash is important for a censorship-free economy and it's also an important monetary tool for populations lacking reliable banking infrastructure. Idk man, just start carrying hand sanitizer.
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Your favorite "Web 3.0" project makes money (on top of the money it printed) by working with the state to create financial tools that will give the gov't greater control over their populace. Bitcoin is about financial freedom. This trash is about financial control.
IN DEPTH: China’s national blockchain network has enlisted the teams behind @chainlink and @cosmos-powered @irisnetwork to help with two of the biggest challenges with this technology: oracles and interoperability. Report by @DavidPan_1
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Introducing WTF is Happening With the Fed, a new podcast by @BitcoinMagazine . Got questions about 0% interest rates, 0% reserve requirements, unlimited QE, and $1 trillion daily repo offers? @ck_SNARKs and I break them down in this series debut. 👇.
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This is why we like Joe. Joe is a Bitcoin critic, but Joe still understands how Bitcoin works and can recognize its value proposition. Be more like Joe and less like Jeffrey.
@MrHodl yeah, I don't get how Bitcoin would be more popular if only its code could be more easily changed (and therefore more centralized). What would be the point then?.
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Sneak peek of some of the Lightning-powered fun we have waiting for y'all at @bitcoin2019conf courtesy of @OpenNodeCo . Make sure your Lightning wallet is topped off before you come ; )
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A hashrate arms race is ramping up between the US, Russia, and China. For today's newsletter, I zoom in on (yet another) ATH for Bitcoin's hashrate to answer the question: where is all the hash coming from?. Unsurprisingly, the US -- but also Russia and China👀. 🧵
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DeFi is having its post-modern moment. People are now tokenizing themselves on Ethereum. Personal Tokens can be exchanged for the tokenizer's time and/or (in one case) income. This is absurd and probably illegal. h/t @TrustlessState for comments/quotes .
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