Asher Hopp
@AsherHopp
Followers
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Media
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Google's Gemini AI when you ask for a picture of Hunter Biden:
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The year is 2037 and Blackrock has started buying up all the tents, making them unaffordable.
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Joe Biden gave the Taliban $86B worth of Blackhawk helicopters and machine guns. Then the he gave Iran $6B. Then Elizabeth Warren introduced a bill to ban crypto because Hamas got $873k of Tether stablecoins, which were promptly frozen. The government thinks we are stupid.
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1776: The British came for our guns. We shot them. 2024: The British came for our memes. We memed them.
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@elonmusk It's easy to make a foolproof test to weed out AI. Ask users to draw a hand with 5 fingers, or say something nice about Trump - no AI can pass this one.
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@Grayscale It is intellectually fraudulent to suggest that revealing an address is a security concern. Satoshi's bitcoin addresses have been well documented and are higher value to would-be attackers than Grayscale's, yet Satoshi's bitcoin remains secure. Explain yourself.
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Sad to announce that today I'm dumping all of my #ordinals #inscriptions and #runes and moving back into real #Bitcoin. $SATS can't keep with sats 😭. I've realized that these projects are a failed idea. I'm sorry to let down the ordinals community like this, but I'm done.
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GN. I've never seen so much virtue signaling and intellectual fraud on #Bitcoin Twitter as I have in the last month. It is a false dichotomy to be "pro" or "against" censoring transactions in Bitcoin. Censorship has always been a vital feature of Bitcoin. As an example, Bitcoin.
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@elonmusk @thevivafrei @paraga @jack You repeatedly told the public prior to buying Twitter that your philosophy on bans was that they should be temporary. Why the flip-flop?. Allowing Ayatollah Khamenei to have a twitter account sets the bar pretty low for what's considered acceptable behavior.
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Its a BRUTAL week for "crypto" but the #Bitcoin world is thriving in the chaos. Here's a few narratives I've been following this week. 🧵👇.
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@steve_hanke What is the fundamental value of a Leonardo da Vinci painting? Zero, isn't it?. The reason you have to say "fundamental value of zero" instead of "value of zero" is because the global social consensus disagrees with your position.
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ICYMI, Binance minutes ago updated their ToS:.1) They don't have any USD.2) Users who deposited USD can no longer withdraw it.3) There is no more FDIC insurance. Now you can only "withdraw" "fiat" by sending BUSD (an unregistered security?). CC: @coryklippsten @TYonClubhouse
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Bankrupt NFT trader calls the inventor of proof-of-work a "moron"
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The reason you can't mine #Bitcoin profitably at home is because zombie-corp public miners are operating at enormous losses, and subsidizing their poor business decisions with debt and stock dilution. Hash rate is far too high; its an artificial bubble brought to you by debt.
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@techreview Why can't MIT switch from having a multi-billion dollar endowment to being poor? There's no technical obstacle preventing MIT from surrendering it's endowment--just a social one. Here's the thing. The "social issue" you are hand waving over isn't a social issue - it's a.
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@EricTrump "Don't buy the fake shitcoin scam. Buy the authentic shitcoin scam.". Strong post, bro.
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Friendly reminder that Bill Ackman isn't in the business of giving you financial advice. For decades Bill has manipulated media into counter signaling his trades. When Bill wants to buy a stock, he will go on TV and talk about how shit the company is to depress price. If he's.
A scenario: . Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues. Bitcoin.
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I'm hearing rumors from friends high up on Wall Street that Bitcoin is scarce. Some fund managers are reportedly telling clients that the total diluted supply is just 21 million. Can anyone confirm/deny this?.
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Mempool cleared 25% in 24 hours. This too shall pass!. Spamming #Bitcoin is a feature not a bug. If you read @adam3us's Hash Cash and @JasonPLowery's SOFTWAR then you understand that the point of R-POW isn't to stop or prevent spam, but to create a financial penalty for doing it.
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Building a Bitcoin-denominated capital market. Sign up for waitlist if you want:
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@notlouisck @DonalDevine It's popular because they use the infinite supply as a marketing budget to trick sheeple into thinking that infinite supply is ok.
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Guys go easy on Saylor, he's rich, but he's still a total noob, this is his first halving. I still cringe today at things I said about #Bitcoin 8 years ago!.
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@jack / @Square / @spiralbtc announced they are producing their first #Bitcoin hardware wallet, made in Austin, TX, to help people self-custody their sats and skip custodians like FTX.
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@BillAckman Bill how can anyone trust what you say in public? For decades your public comments have always been selling your book. When COVID struck you got on TV and said it was "worse than hell" without telling us what your positions were. The market tanked after your comments, and then.
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@HansMokeNiemann This was the first time I ever cared about the semifinals more than the finals in a chess tournament. Thanks for putting on a good show Hans, expecting big things from you in the future!.
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Wow, +200 followers in a day! Welcome to all my new friends, here's what I'm about:. 1. I like #Bitcoin. 2. I like nucleonic energy (fission and fusion). 3. I like the philosophy of Musashi Miyamoto, Niccolo Machiavelli, and Marcus Aurelius. 4. I like free market capitalism.
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Narrative is shifting. You can feel it. The spammers are losing. The next and last stage will be accepting that filters work, and updating them in bCore. First it was denial: "this isn't spam". Next was acceptance & bargaining: "ok it's spam, but spam is good. *insert.
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@PeterSchiff Most of what bitcoin miners create gets sold to cover operations cost. Same as gold mining. Therefore the halving events do have a material impact on the amount of Bitcoin being sold.
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There is a tidal wave of innovation about to hit #Bitcoin. So many projects and technologies that have been in R&D for years are coming to market. The next 24 months are going to be wild.
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@dotkrueger Blackrock holds no bitcoin, it manages it. I think it would be more accurate to say "Blackrock manages more Bitcoin than MSTR holds".
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@liron Ok, they leave, new miners step in, and/or difficulty adjusts down to increase revenue for those that stay. The game theory is very strong. It also seems like you don't understand that the tx fee market is rapidly increasing miner revenue?.
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"If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function.".-Satoshi Nakamoto.
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TLDR: Even if you support Ordinals, and Inscriptions, and every single new op_code proposal, and you also hate OCEAN. you are still supporting censorship in many other ways. You are defrauding yourself if you think you have a moral high-ground.
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Shout out to @jackmallers for being one of the most down to earth CEOs. 4 years ago I was setting up my first lightning node, a total newbie. I didn't understand liquidity. I DM'd Jack, who had much better things to do than tech support. He walked me through Channels 101!.
@Strike LFG. If any customer every needs anything please don't hesitate to reach out!. We are ready to help 🫡.
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@liron You must feel real proud of yourself for that "your logic is vulnerable" comment though. Its amazing how there is no group of people more proud of their ignorance than Bitcoin haters. Try reading and thinking more, & hating less!.
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Update: I've accepted a position as CFO at @ambosstech. I've gotten to know the leadership team over the last year. They are incredible personalities with endless talent, and I genuinely believe Amboss is a company that can change the world. I couldn't be more excited.
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@brianstelter Wow! I had no idea all these celebs took their cues for politics from Dick Cheney!.
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Status update. Yuga Labs: -80%. Laser eye purists: +164%.
Yuga Labs: 735 BTC ($16.5 million USD). Laser eye purists: 0.
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F2Pool lost ~40% of their potential fees by mining jpegs today. I thought inscriptions were supposed to be good for miners? Just another lie I suppose.
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The #1 ordinals project by popularity, investment, and brand was called "Twelvefold" by a NFT company called YUGA Labs. The NFT mint happened 1 year ago. The cheapest Twelvefold NFT at mint cost ~2.5 BTC. Today, you can buy a Twelvefold NFT for 0.55 BTC. Down -80% in 1 year 😱
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@gladstein Since when is subverting regulations not a legitimate use case?. America was founded in a bloody conflict to subvert British regulators. Benjamin Franklin and early American minters were very concerned with subverting banks.
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@coinbase You have no idea how bad of a look it is that on BITCOIN pizza day you are selling pizza for DOLLARS?. Bitcoin was created to protect people from the dollar, and you're leasing them right back into the same debt-slavery trap. .
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@PeterMcCormack @Avik It's a great ad! I just wish they specified that the ad is about #Bitcoin, not about 8 different kinds of dog money.
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I'm once again going to rain on everyone's parade for no reason. This post is right, but it won't be viral because its not as sexy as a log chart. Oh well, I'll die on the hill of being right over being popular 7 days a week. I'm seeing a bunch of new hype over the "power law".
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"#Bitcoin is a protocol like TCP/IP". True! Bitcoin and TCP/IP both use filtering to mitigate spam (even if the spammers are paying all their bills).
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In the last 3 months @BitcoinKnots:.1) Major update to v26.1.2) Added to @umbrel.3) Added to @start9labs .4) Added to apt package manager.5) Whitelisted by @Microsoft.6) Gained ~1 EH/s of economic nodes via @ocean_mining. Amazing pace & adoption. ROCKET SHIP! GET ON BOARD! 🚀.
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I'm seeing a growing effort in the #Bitcoin world to convince people that there's some sort of "emergency" with script that we need to fix. Manufactured emergencies have provided a pretext for some of the worst human errors in history.
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I still see people saying that GBTC's gargantuan drawdowns are attributable to their high management fees. That is a myth. The main driver is that many GBTC whales from ~2020 are now bankrupt and are liquidating assets to repay debts (Genesis, FTX, 3AC, BlockFi, etc).
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There's a lot I skipped, this is just a FEW highlights from last week. In summary - bear markets are when the real growth happens. Bitcoin isn't slowing down, and its never been more exciting. We will win because the truth is on our side. Crypto is dead. Long live #Bitcoin.
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@OwenBenjamin "Since the dollar is always slowly losing value, the way to hold value is to use dollars to buy . commodities". #Bitcoin is a commodity. You're failing to see the value in the "special, magical" property #Bitcoin has, over other commodities. From Satoshi Nakamoto himself.
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Yesterday I gave a presentation about the anti-spam movement in #Bitcoin at @BitDevsLA. There was insatiable interest from the audience - almost an hour of Q&A/discussion from a 20 minute talk. By popular request, here's a link to the slides:
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@paulvigna @Danainhawaii @brucefenton There's a shocking level of mathematical ignorance in this country. We're truly suffering from an algebra crisis. Paul please complete this worksheet at home and turn it in on Tuesday so I can grade it.
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@RussellOkung You. Are reluctant about lightning because it isn't addressing the needs of developing countries sufficiently, and instead you are pivoting to NFT's and altcoins???. Help me see the light on this.
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This UFC star @moicanoufc will be remembered as the most influential athlete of the century. Instead of using his platform to promote a cheap alcohol brand, he is promoting knowledge and wisdom. Renato is a once-in-a-generation star.
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@stoolpresidente @BasedMikeLee Been there, Dave. When I was working for US Army special operations the Washington Post ran an article about some overseas events. They lied about what happened. I know because I was there. I wasn't allowed to correct the record publicly because it was classified.
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Dear ideological Ordinal Inscribers, . If you genuinely believe there is no way to stop spam in the utxo set, then you don't need to write lengthy blog posts whining about anti-spam rhetoric. Just let the anti-spam movement continue on a "futile" mission in peace. Love, Asher.
Dear ideological Bitcoin maxis,. I wrote a blog post on how to suck less. Love,.Casey.
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Mining with @FutureBit! I saw them at @pacificbitcoin and decided to pick one up. Great UX, easy to set up, nice and quiet. 2TH/s is enough revenue to buy 1 coffee a month at today's hashprice, but I love having this thing on my desk regardless of the P&L.
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Look at @river, trying to trick me into tweeting about them by bribing me with a random unsolicited swag box including a T-shirt, stickers, @LittleBitcoinBk, a $50B Zimbabwe bill, and a nice handwritten letter. Your ploy will never work, I see what you're doing.
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@zerohedge Seems weird to me that @elonmusk allows Biden to be "verified" when the actual human, Joe Biden, doesn't have access to his Twitter account. Shouldn't the @JoeBiden account be renamed to "Staff of Joe Biden" instead of "Joe Biden"?.
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Conferences & events. I attended @pacificbitcoin, a phenomenal opportunity to network and learn about new #Bitcoin projects. This week was also @AdoptingBTC in El Salvador, and in spite of media naysayers the El Salvador's Bitcoin law is attracting huge investments.
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There are 3 #Bitcoin mining pools:.1) China.2) NSA.3) @ocean_mining.
A single custodian now controls the coinbase addresses of at least 9 pools, representing 47% of total hashrate. As demonstrated by this consolidation of mining reward outputs from AntPool, F2Pool, Binance Pool, Braiins, btccom, SECPOOL and Poolin:.
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#Bitcoin trivia time. These are some screenshots from an inscription NFT marketplace, showing a stupid collection of useless jpegs. Question: Why is the UTXO size for each of these inscriptions exactly 546 sats?
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@Pledditor Nobody cares about nuance anymore. Twitter virtue signalers just want to dunk on the other guy for being pro-censorship, while they themselves support a wide variety of arbitrary censorship algorithms.
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OCEAN mines +70% more transactions per block than other pools.
Thanks @jonatack !. Thousands of transactions making it into ocean blocks that would otherwise take longer or not get in at all. All while earning miners more sats than spam pools. It's a very strange time to be a miner.
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@markgoodw_in Wrong. Bitcoin is a UTXO storage network, not a generalized file storage network. That's like saying your gas tank in your car is a water bottle. Sure, you can put water in it, but that's not what it is.
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@granawkins Most of the visual complexity from 2->3 is still there, its just hidden on the inside. Instead of funneling coolant through external tubes, they mill (or AM?) small channels inside the walls of the component to flow coolant.
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@GerberKawasaki When there's a drought: "climate change is real". When it rains: "climate change is real". Truth: climate change is real, but anthropomorphic activity is not responsible for most of it, and CO2-generating energy has saved more lives than climate change will ever take.
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@liron If your and Jamie's thesis was remotely coherent, we would see miners today having less fiat-denominated revenue than 4 years ago at the same point in the halving cycle. Of course this isn't true, and miners will make more dollar denominated revenue this cycle than last.
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Politics and business leaders who previously hitched their wagon to #Bitcoin are doubling or tripling down. Strong statements by @PrincFilip1 of Serbia, @nayibbukele of El Salvador, @saylor of MicroStrategy, @jackmallers of Strike.
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Influencers keep suggesting that ETF managers like BlackRock are shorting #Bitcoin and suppressing the price. I think this is an unfounded conspiracy theory and extraordinarily unlikely, and there are far simpler explanations for why we aren't moon yet. TLDR at bottom. 1.
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So I bought @JasonPLowery's SOFTWAR and it arrived!. To my shock I made it to the acknowledgements (under my old Twitter nym). I honestly didn't expect that honor, thank you. Looking forward to reading this and posting more detailed comments. Semper supra!
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I'm old enough to remember 4 weeks ago when Lightning was doomed because of a critical vulnerability and it was unfixable and it was time to move on to other ideas.
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I'm extremely skeptical that a pink sheet company with a market cap under $1M USD will be able to raise $1B to buy #Bitcoin. Good luck to them, but if I had to wager I'd guess this transaction never materializes.
BREAKING: South American gold and precious metals producer Nilam Resources announces that it plans to purchase 24,800 #Bitcoin (approximately $1.7 billion) 👀🙌
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