Bitcoin is a safe haven
It will be obvious in hindsight and it could cause a black swan event when the market realizes this. The upcoming halving could be the catalyst.
Bitcoin is scarce, there will only ever be 21 million in the Universe.
#bitcoin
#BTC
1/7
#Bitcoin
is money in El Salvador 🇸🇻
Prices may be expressed in Bitcoin.
Tax can be paid in Bitcoin.
Exchange of Bitcoin not subject to capital gains tax.
Every economic agent must accept Bitcoin as payment.
🇸🇻 El Salvador looking to raise $1bn with a 10 year bond @ 6.5% via
@bitfinex
on
@Liquid_BTC
. Half goes into Bitcoin, half into infrastructure. Building Bitcoin city, powered by geothermal energy. 0% CO2 emissions and 0% taxes (except for 10% VAT). Advised by
@Blockstream
While the world is panicked, uncertain and seeking out a safe haven, the
#Bitcoin
community is so comfortable with their chosen store of value that they have time to argue about which cooking utensil is superior. 🤣
@coinbase
The team behind tether are actually reinvesting into the bitcoin ecosystem with developments like holepunch (keet) etc, what has coinbase ever done for bitcoin? Does coinbase even know how to use lightning yet?
@BW
@crypto
How exactly could a centralised currency run by an authoritarian government ever challenge Bitcoin?
The entire innovation of Bitcoin is that it's decentralised.
This is like saying the post office could challenge the internet.
Capital is flowing out of Ethereum and into Bitcoin. Despite already falling -25% from 8 million to 6 million sats in a week, traders today can still lock in gains of almost 3x from earlier this year.
#bitcoin
Blockstream launching a $39 Bitcoin hardware wallet.
Open source software ✅
Open source hardware ✅
Company with strong Bitcoin reputation ✅
Aggressively low price point ✅
2021 is going to be a great year for
#Bitcoin
products.
We're excited to announce
#BlockstreamJade
, our new purely open-source hardware wallet for storing
#bitcoin
and
@Liquid_BTC
assets. If you're going to prove your keys, better do it with a hardware wallet.
#ProofofKeys
💎⛓️🌊
@naval
The hackers want to receive an asset. Not some claim on a third party in a regulated environment like the US equity market or the USD currency market.
Bitcoin is generationally cheap right now. The 20k high from 2017 is 30k+ in 2022 dollars (adjusting for inflation of dollar supply). We're already below that today with the current price of $22k.
Those holding out for Bitcoin to crash below 20k have forgotten that the supply of USD has grown 1.6x since 2017 when Bitcoin first reached 20k. The equivalent amount of USD today is over $30k.
@jemimajoanna
You ask Bitcoiners "Why are they the experts in monetary theory and how to do better politics and how to solve failing democracy" but you don't question the banking cartel's fiat monetary theory after so many years of it failing. Bitcoin is the leading theory.
Earlier: "Chainalysis confirmed that the service is unable to follow the trail of coins as they move through mixing services"
Now: "Chainalysis lays off 20% of its employees"
Bitcoin can be private
#coinjoin
#bitcoin
@wasabiwallet
@SamouraiWallet
Ask the person criticizing bitcoin to give you a lightning invoice for some sats and if they don't know how to do that then they don't know nearly enough about Bitcoin to be critizing it.
Bitcoin's approach to decentralizing finance is simple and works, yet no competitor has been able to replicate it.
(1) Decentralize the collateral
(2) Let the market develop layers.
#Bitcoin
#Liquid
🌊
#Lightning
⚡
@thevonwong
Is that an electric truck carrying the
#SkullofSatoshi
around NYC? Did you know that Bitcoin, like electric vehicles, runs on electricity and not fossil fuels. 100% of the computers "mining" bitcoin do not themselves produce any emissions.
@stoolpresidente
If you bought Bitcoin through FTX but never withdrew to your custody then what you held was an IOU, just like dollars in a bank. The bank/FTX can gamble and lose it all. The counterfeiters at the central bank can print more dollars to bailout banks but can't print more Bitcoin.
150k+ views of
@ReserveBankofNZ
&
@NZParliament
laughing at the expense of kiwis while lining their pockets (Orr's salary is almost $1m per year!). Will any kiwi journalists investigate? Tag them below.
Think in sats
1.00000000 BTC = 50000.00 USD
0.00002000 BTC = 1.00 USD
Alternatively
$50k = 100,000,000 sats
$1 = 2,000 sats
You can get TWO THOUSAND satoshis for only $1!
That's a bargain for something that is FINITE. "Might make sense to get some in case it catches on"
@SEC_Investor_Ed
Will the SEC be publishing guidelines on how to self custody Bitcoin? The alternative of investing in a fund that holds Bitcoin futures results in a guaranteed loss every year of the management fee and additional costs associated with rolling the future position at expiry.
Andreessen Horowitz (a16z) raised $2.2 billion for a crypto focused fund. How much will be spent helping to advance the free and open source
#Bitcoin
movement? How much will end up in the hands of people who attack Bitcoin? Bitcoiners will remember.
Everyone in the world has been able to contribute to Bitcoin over its nearly 13 year history. It is a global open source project.
It takes an incredible amount of narcissism to join this late, do no background reading, and propose an alternative.
We just released the latest edition of the Lightning Lab🧪, where we cover:
🌍Bitcoin to billions of users, not billionaires
🕸Terminal Web
📈LN stats go up
💡Censorship-resistant apps
@ImperviousAi
💰Earning
#btc
w/
@paulitoi
from
@stakwork
Read more:
El Salvador's world leading Central Bank says recognizing Bitcoin as legal tender is in line with their core mandate of stability, integrity and inclusion.
cc
@federalreserve
@ReserveBankofNZ
"El Salvador es el primer país del mundo en reconocer al Bitcoin como moneda de curso legal, lo que demuestra el compromiso del BCR de equilibrar la innovación con sus mandatos básicos de estabilidad, integridad e inclusión." Eliki Boletawa, Director de Políticas
@NewsAFI
'Crypto DeFi' project
@THORChain
recently lost $25m of users funds. That wouldn't have been possible if it was actually decentralized and non-custodial like
@ErikVoorhees
claimed. Stick to real decentralized finance.
#LightningNetwork
⚡
#Bitcoin
@MaxieRyan
How could Ethereum be bigger than Bitcoin? The world isn't about turn it's back on the innovation of decentralization and digital scarcity just to let the wealthiest holders of a quasi-security define the rules of the game. The genie is already out of the bottle.
#Bitcoin
Ray Dalio of Bridgewater Associates ($180b+) issues warning about fiat currencies going down, calling out cash as "trash" and praising Bitcoin for its "tremendous achievement over the last 11 years" being "a medium of exchange and storehold of wealth."
Fiat currencies like USD are at risk of mismanagement by central entities. The central bank’s mandate is to steadily devalue it via inflation. The Govt is willing to print more to bail out a failing industry (or itself). The purchasing power of fiat has always fallen.
4/7
@SBF_FTX
Other exchanges have integrated Lightning & Liquid to give users more options for withdrawal. Lightning for instant micro withdrawals, Liquid for confidential & large movements between counterparties.
@BitcoinMagazine
Slaying the bearwhale at $300 brought the community together and made everyone who participated incredibly wealthy. Except for the bearwhale.
#Bitcoin
#Bitcoin
NFTs can be transferred for near 0 cost on the Liquid sidechain. That means they can used for practical things like event tickets. Meanwhile on
#Ethereum
it currently costs nearly $100 to send an ERC20 token. Bitcoin has scaled, Ethereum hasn't. $ETH is ngmi.
@stoolpresidente
To answer your question; the Bitcoin you lent to FTX that they've since gone and lost on bad bets are now held by the people on the winning side of those bets.
@NewshubPolitics
I'm confused how this is even up for debate. Not only did the elected representatives of the people in New Zealand refuse to engage and listen to the people's complaints, they took it to another level and taunted them by turning on the sprinklers and blasting music.
Bitcoin is easily the fastest growing and most profitable new business line for any financial institution.
Incumbent banks are being left behind in the dust.
#Bitcoin
Human rights victory in New Zealand! Government agrees to end vaccine passports, remove the vaccine mandate for most workplaces and end the mandatory tracking app. Thank you to the brave kiwis that challenged the authority of the ruling elite.
The dollar has fallen -80% since this photo op of
@stevenmnuchin1
16 November 2017: 14,000 sats per dollar
Today: 2,800 sats per dollar
#Bitcoin
$BTC $USD