Willem S 🕷⛓️
@WillemSchroe
Followers
13,848
Following
2,007
Media
77
Statuses
1,045
Inventor of the spiderchain. Founder of @BotanixLabs . @HarvardHBS Broke iFeed . Building infra for a world running on Bitcoin.
Cambridge, MA
Joined June 2011
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Al Smith
• 282905 Tweets
Monsalve
• 223289 Tweets
Watch SA TrueStory YouTube
• 85817 Tweets
Anton
• 76868 Tweets
日本シリーズ
• 51737 Tweets
Catholics
• 47261 Tweets
MINQ IN LOVE
• 45421 Tweets
#الهلال_الفيحاء
• 38809 Tweets
ソフトバンク
• 34768 Tweets
ホークス
• 28224 Tweets
ベイスターズ
• 25196 Tweets
#ドラゴンボールDAIMA
• 21602 Tweets
ファイターズ
• 17677 Tweets
危険運転
• 16954 Tweets
TXT OUR STARRY KNIGHTS
• 15415 Tweets
横浜優勝
• 14133 Tweets
新庄監督
• 10486 Tweets
Bitcoin mining positively contributes to the environment in 3 ways:
1. Methane flaring (~80 more harmful than CO2)
2. Renewable grid balancing (enables a bigger % of grid to be solar & wind)
3. Monetization of stranded energy
14
90
428
🔥🔥 and a very interesting testnet transaction from
@BotanixLabs
👀
Development on Bitcoin, it’s happening.
14
127
166
Orangepilling 300 founders and VC’s on the future of
#Bitcoin
at the
@HarvardHBS
Entrepreneurship summit
28
18
167
How BitVM can be used to build sidechains (ZK, Optimistic, Drivechains & the Spiderchain).
A misconception everyone had with the BitVM is that it is limited to 2 parties. That's not the case. Imagine one of the parties (eg the verifier) actually being a consortium of parties
16
25
125
Money printing led to the downfall of the Roman Empire.
Chart shows the value of the Roman Denarius.
Looks eerily similar to the USD one.
4
23
103
We founded
@BotanixLabs
in a bear market when no one cared about new Layer 2 protocols.
Today our mission continues as we break new ground in scaling Bitcoin and accelerate the development of a truly decentralized financial system.
It was a pleasure speaking to
@frankcorva
"Bitcoin is a big breakthrough in terms of money, but the Ethereum Virtual Machine is the big breakthrough in terms of financial system,"
@WillemSchroe
@BotanixLabs
tells
@frankcorva
.
#futureofbitcoin
#opinion
#bitcoin
35
32
89
13
16
81
Thrilled to share our raise announcement with the most supportive group of investors to power our next phase of growth at Botanix Labs. Over the last few months we learned so much about what it means to scale with intention and integrity:
1) Question your assumptions, build
We’re thrilled to announce that Botanix Labs has raised $11.5 million in funding from Polychain Capital, Placeholder Capital, and other industry-leading investors.
174
250
883
14
7
79
Our thesis on the future of Bitcoin is simple.
Learn from Ethereum.
Bring what works back to Bitcoin.
It’s not rocket science.
11
12
82
Bitcoin's testnet mempool is exploding right now.
Bitcoin Season 2 is here!
...even on testnet 😂
13
15
78
Almost every early investor in Bitcoin and Ethereum agrees on one thing.
We should build more stuff on Bitcoin.
16
12
80
Bitcoin is an adversarial protocol.
UTXO management is difficult.
Dust problems are real.
Onchain edgecases are rarely discussed.
Most people underestimate how hard it is to build on Bitcoin, and the world has fewer experienced Bitcoin developers than most investors realize.
12
6
77
If you made a list of the top 10 or 20 most popular onchain applications, you’d notice they all have one thing in common.
None of them run on Bitcoin.
That’s what we want to fix.
9
26
81
GM to folks who believe Bitcoin should be the base layer for a decentralized financial system.
17
10
72
“Simplicity is an extreme virtue in engineering.”
@rodarmor
is exactly right here.
We used the same principle when creating the Spiderchain.
17
19
65
Bitcoin is magic internet money.
Everyone understands the "internet" and "money" part.
Now it's time for some magic.
6
8
66
If you own Bitcoin, you’re a bitcoiner.
If you use Bitcoin, you’re a bitcoiner.
If you build on Bitcoin, you’re a bitcoiner.
15
10
71
Bitcoin is more than just sound money.
It’s a framework for recreating a fair and permissionless financial system accessible by anyone who uses sound money.
5
19
68
Powerful people who hate Bitcoin are exactly the people that Bitcoin was designed to protect us from.
1
16
70
.
@BotanixLabs
will be the first EVM L2 where users will be able to share in the gas fees generated on the network.
That's how you earn bitcoin yield.
9
8
69
The mission is simple.
Build reliable infrastructure for a world running on Bitcoin.
9
20
64
Bitcoin is still a very young protocol and ecosystem, and prematurely celebrating “success” usually ends badly. There’s a lot of work left to do.
We should stay focused on the battles ahead.
4
17
65
9
8
64
Every Bitcoin L2 is a sidechain with different trade-offs - even the Spiderchain. The only real L2 that is not a sidechain is
@lightning
.
11
13
62
Bitcoin positively contributes to society in 3 ways today:
1. International remittances (cheaper than legacy)
2. Protection from malicious governments (Lebanon etc)
3. National currency alternative (El Salvador, CAR)
5
11
53
If the majority of Bitcoin ends up in ETFs and central banks, we've lost.
11
14
60
Community is everything.
It’s wild seeing tens of thousands of supporters in our Discord every week who share our vision for Bitcoin.
We’re just getting started.
9
16
60
Trump didn’t say the words “Bitcoin” or “crypto” tonight, and I think that’s okay.
His campaign is clearly pro-crypto.
That’s enough.
Too much politics in Bitcoin is distracting.
9
9
61
No one is ignoring Bitcoin anymore.
Everyone considers building on it again.
Bitcoin will look completely different in four years.
8
4
60
to say it out loud: I love bitcoin, am so grateful for it's role kickstarting crypto, and we're going to build a massive bitcoin economy on Bitcoin
1
12
56
The Bitcoin market is very quiet right now.
But the future has never been more bullish.
Nobody is ready for what’s coming.
5
13
56
Celebrities, KOLs, and big marketing budgets are almost always a major distraction.
Build something people want to use.
That’s all you need to do.
8
8
48
Bitcoin Layer 2s will change the game.
Just created a token, put it in a liquidity pool and traded it on
@BotanixLabs
within 2h.
All on
#Bitcoin
rails.
8
9
52
Some simple narratives to remember:
1. Bitcoin will always be king.
2. There will only ever be 21 million.
3. All L2s are good for Bitcoin.
4. Everything in DeFi will come to Bitcoin.
6
7
54
I am humbled every day by our insanely talented devs at Botanix Labs.
Building on Bitcoin isn’t easy, and the past year has been a non-stop sprint for them.
But their passion and commitment to excellence is deeply inspiring. Bitcoin will never be the same.
5
6
51
My account shows 0 balance.
Bank of America is doing a great job advertising for decentralized finance.
3
10
51
Nearly 100 "obituaries" have been written about Bitcoin since the last halving in 2020.
Today, Bitcoin is stronger than ever.
Our mission to build on it is unchanged.
1
13
46
It’s easy to criticize Ethereum right now.
But its community made 10x the progress Bitcoin has in building and testing a decentralized financial system.
Bitcoin has some catching up to do.
11
5
46
The current
#Bitcoin
DCA army stacks a massive 600-700M$ each month !
This is all going into cold storage. A few more months like at these price levels and BTC on exchanges will dry up
1
6
40
Been pitching Layer 2 EVMs on Bitcoin since 2022.
Incredible to see it come alive.
@BotanixLabs
Orangepilling 300 founders and VC’s on the future of
#Bitcoin
at the
@HarvardHBS
Entrepreneurship summit
28
18
167
9
4
43
Uniswap’s Unichain announcement shows the roadmap is often no longer defined by optimal tech solutions but by best business opportunity.
Appchains aren’t winning because of technical superiority. It’s because L2s get all the gas fees.
They're money printers.
3
3
43
Here’s a great piece in De Tijd (the Financial Times of Belgium) about my story and what we’re building for Bitcoin.
For anyone who grows up in Belgium and has an entrepreneurial mind, this is dream!
Bitcoin builders are slowly taking over the world.
Jong Geweld | Willem Schroé (Botanix): 'Ik zat met meer dan 150 durfkapitalisten samen voor het raak was'
1
0
9
1
5
42
Bitcoin = Best money ever made
Botanix = platform for new financial system
Lightning = fast payments
The Bitcoin stack is coming together.
3
10
39
The biggest challenge for Bitcoin and Ethereum is the people who get too entrenched.
You have to stay open minded to see the best path forward.
3
3
39
Powerful people are actively fighting covenants.
I believe their opposition comes from a belief that this market has no demand for using bitcoin as anything other than a store of value.
It’s up to us to prove them wrong.
5
3
40
In April 2011, Satoshi sent their last email.
They moved on by saying that Bitcoin was “in good hands.”
It’s everyone’s responsibility to be those good hands.
15
4
39
If a critical bug is found in rollups, all assets are at stake.
If a critical bug is found in decentralized BTC-stakechains, that is not the case.
Different designs come with different tradeoffs.
4
8
37
Decentralization is actually important
it is frankly insane that every major L2 in mainnet right now can technically steal user funds
142
69
932
3
5
34
If everything is a multisig, better make it decentralized.
All roads lead to the Spiderchain.
5
3
34
If Bitcoin is the winning money,
then
@BotanixLabs
will be the bedrock of a new global financial system
5
8
32
@DylanLeClair_
@StephanieKelton
In light of always trying to understand both sides of the argument I actually read her book. “The deficit myth”. I read it back to back with The Bitcoin standard.
That’s all it takes to be completely orangepilled.
2
1
32
Just bought a coffee w lightning in El Salvador 🇸🇻
Wondering, will be this a 1000$ dollar coffee in a few years?
6
3
30
@Cointelegraph
Didn't expect to become the literal face of Bitcoin fake news this morning. But I guess here we are 🤷♂️
11
2
26
The real flippening no-one is talking about.
Soon Bitcoin dApps >> Ethereum dApps.
1
3
30
Yes, this is how you solve the blockchain trilemma.
Bitcoin - 10min blocks. The money
L2s - 10s blocks. The financial system
L3s - 0.1s blocks. User applications
Lightning for payments.
2
3
29
Incredibly proud of the team on this massive milestone. 💯
It's time. Build anything EVM on Bitcoin.
The Botanix testnet is live:
283
19K
19K
6
3
27
Bitcoin ATH this year and
@BotanixLabs
Launching public testnet tomorrow.
Coincidence or not? 👀
5
1
28
People are starting to realize, it's not Ethereum that's worth $250Bn, it's the EVM.
And that EVM can run on
#Bitcoin
@BotanixLabs
3
3
26
This is exactly what we're fixing.
When’s the last time any of you actually interacted with the Bitcoin protocol lmao
28
0
45
0
3
27
Conferences can be very useful and productive, but they can also be a huge waste of time and other valuable resources.
Having a detailed conference strategy is a huge advantage
2
2
28
It's interesting that Satoshi called it e-cash in his first ever email to
@adam3us
, but Satoshi didn't reference David Chaum in the Bitcoin whitepaper.
Maybe Len was trying to avoid naming David Chaum who was his PhD advisor?
0
3
28
The debate around L2s/decentralization between the solana and ethereum community led by
@0xMert_
,
@KyleSamani
and
@TrustlessState
is something we need to pay attention to in the Bitcoin community.
I actually somewhat agree with both takes.
i) "eth L2s don't have to be
since david has me blocked from getting ratiod so often, I'll reply here:
i) "eth L2s don't have to be decentralized because the L1 enforces property right and CR" is incorrect
the L1 can not enforce real time censorship resistance on the L2. If you want to make the tradeoff
60
44
625
5
0
27
I’m excited to be speaking at the Bitcoin Builders Conference taking place on July 25-26, 2024.
Here’s how you can register:
3
5
26
Incredible to see
@BotanixLabs
ecosystem working together.
Growing the pie.
We are thrilled to partner with
@SpindleFinance
! ✨
Spindle Finance is one of the first on-chain, liquidity lending and borrowing protocols on
@BotanixLabs
, a fully EVM-compatible L2 on Bitcoin's network.
Let’s get going! 🔥
9
112
137
4
4
27
The most important part of RFK announcing
@TheBitcoinConf
that he wants to buy 4M Bitcoin is that all world leaders follow the US election and now ask themselves: “why aren’t we buying btc”
The signalling effect is massive.
2
1
26
Bitcoin-backed stablecoins on Bitcoin.
It’s coming soon.
🔄 Mint. Spend. Redeem.
@Palladiumlabs
always ensures you can always redeem your $PUSD for
#BTC
providing a hard price floor and consistent value.
0
4
17
6
2
24
Bitcoin needs to move from Store of Value to Medium of Exchange.
We've lived through a gold standard that was just a store of value. We've been down that road and we know where it ends, i.e. Bretton Woods.
Governments will take control and paper money will dilute the soundness
5
4
24
Bitcoin in El Salvador 🇸🇻.
- What % of merchants accept BTC?
- Do they use it outside BTC beach?
- Which lightning apps work well?
I’m flying in tonight, will track statistics & do my best to answer any questions you might have.
Reply 👇 for Q & follow for answers
4
2
18
@TuurDemeester
@tijd
@AVBpodcast
Very accurate. Good to see some positive articles about Bitcoin though. Unfortunately most Belgians in Bitcoin left Belgium.
2
0
20
It's happening 👀
Get ready for some utility on
#Bitcoin
!
🚨 The Botanix public testnet will launch Wednesday, Nov 29, 2023! 🚀
Soon, the world will experience the future of utility on Bitcoin:
🥑 Launch a native token on Bitcoin
🙊 Mint and trade Bitcoin NFTs
💸 Lend against bitcoins and stablecoins
Botanix is
#OnBitcoin
829
702
835
2
3
21
Are you ready for gaming on Bitcoin?
Spiderfam is growing 🕷️
1
2
21
Bitcoin is a black hole.
It will eat everything, fiat *and* crypto.
7
3
21
Our fiat monetary system often feels entrenched, but don’t forget how new and untested it is. The gold standard ended in 1971.
Television is older than our fiat system.
The S&P 500 is older than our fiat system.
The NBA is older than our fiat system.
Bitcoin is also a young
0
1
20
Has been 3y that I mentioned in my finance class
@HarvardHBS
that Bitcoin has by far the highest SHARPE Ratio.
It’s still the case, quite sure if you mention it today you might still get laughed at.
Updated Fidelity's Risk vs Return chart based on 2024 YTD data.
$MSTR is leading the pack in risk and return
8
41
243
2
3
20
Unilateral exit where you can get rugged by a security council is not unilateral exit
🚨 FAULT PROOFS & STAGE 1 HAVE ARRIVED 🚨
Open source, permissionless fault proofs are live on OP Mainnet, and with them the OP Stack arrives at Stage 1 decentralization.
This is a major step forward for the Superchain!
367
548
2K
1
2
18
Did not expect to see this so close to home.
Ping me if you want to meet me at EthCC
0
1
19
Decentralization matters.
Let’s not make the same mistakes in Bitcoin.
Ethereum Layer 2s are not safe. They are permissioned networks. Stop the narritive. They are the biggest risk in all of crypto.
To steal all the liquidity aka rugpull the L2's lets analyze how many anonoymous wallets need to agree.
@blast
3 of 5
@Optimism
5 of 7
@0xPolygon
5 of
98
97
553
1
3
19
A common misconception on PoS Layer 2s is that a majority stake can steal all the
#Bitcoin
This is not true in the Spiderchain. We've implemented "Forward Security" that we borrowed from cryptography principles (more specifically encryption). My cryptography professor used to
2
5
18
✅
If you are going to launch an L2, at least choose a creative name
155
33
571
0
2
19
1
0
18
This is an interesting take. While I can see a future where Eth L1 social consensus would override an L2 failure, this would not work on Bitcoin.
There is an interesting paradox where a lot of people in Bitcoin are still under the belief that Bitcoin rollups are trustless and
Worth noting a social consensus hard fork of L1 can still override the failure of an L2
We pretend Ethereum social norms would prevent this but imo the rollup centric roadmap means top L2s will become so important to Ethereum they will be protected by L1 social consensus - the
34
27
201
0
2
18
The EVM is not a token, nor a currency but a software infrastructure layer.
It therefore operates according to classic software infra rules.
4
1
17
Bots being deployed on the testnet is the real test!
Nothing better than real attacks to test.
2
0
14
Is this the first time Microstrategy bought
#Bitcoin
and the price didn’t immediately crash after announcing?
4
0
15
Bitcoin will be the money for everything you will do in the world.
You wanna buy stocks? You’ll do it with Bitcoin.
You wan’t to take loans against your Bitcoin? You’ll do it on Bitcoin.
3
4
16
Decentralization is important.
Today
@Uniswap
Labs received a Wells notice from the SEC.
I’m not surprised. Just annoyed, disappointed, and ready to fight.
I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than
2K
5K
21K
0
1
16
It’s a good way to look at it.
Yet, it’s a 10x improvement over the current financial system.
Now it can be open, transparant and permissionless and ideally as trustless as possible.
All embedded in code. Do you want a centralized bank (like a BlockFi) or a transparant,
0
1
15