Had the very great pleasure of talking with
@rogerkver
(one of the most unfairly maligned people in crypto) about his new book, Hijacking Bitcoin, as well as the current state of Bitcoin and crypto.
Passionate but reasonable chat about digital cash, privacy, DeFi, tokens, and
Samourai Wallet, a Bitcoin privacy service, has been shut down and its founders arrested! 😱
A Bitcoin-only noncustodial CoinJoin service, Samourai gave users privacy by allowing them to coordinate with other users to mix their funds to break the transaction graph.
To the best
Michael Saylor is a fiat maxi who is actively blocking open-source Bitcoin development.
Max Keiser is a serial scammer literally working for the government of a dictator as its mouthpiece.
Adam Bank 🏦 is the CEO of a bankster company that led a mass psyop to break Bitcoin so
The biggest rug pull in crypto history was maximalists selling
#Bitcoin
as freedom tech, then kissing up to governments and dictators and pushing custodial solutions. 💸
Tornado Cash developer Alexey Pertsev has been found guilty of money laundering and sentenced to 64 months in prison! 😡
This travesty of justice in the Dutch courts shows that the crypto crackdown is indeed global.
As a recap, Tornado Cash is a smart contract on Ethereum which
#Bitcoin
maxis: "ETH or its tech being used for CBDCs is unforgivable!"
Also maxis: "Isn't it awesome that this Salvadoran dictator guy made Bitcoin the legally-mandated currency through custodial KYC wallets?"
🤦♂️
The EU just enacted some pretty Orwellian anti-privacy laws regarding cash and crypto.
Make no mistake, this is very bad!
But it's not (yet) as doomsday as many people have been saying, and there are some silver linings.
WHAT DOES THE NEW LAW SAY?
(if I got any of this
Bitcoin is becoming owned, and controlled, by institutions. 🏦
Not sure if you saw the news, but VanEck pledged to donate 5% of potential Bitcoin ETF profits to Bitcoin Core development.
Bitcoin's entire purpose (read the whitepaper, I won't argue) was to be a peer-to-peer
A friend (small business owner) who has accepted Bitcoin for payments for many years now just paid an $882 transaction fee! 😱
Even waited for Christmas day when the network wouldn't be as busy so as to save on fees. So it could have been worse!
Yes it was more than usual
There's a new Bitcoin civil war brewing over ordinals, and privacy! 🪖
We may even see another fork 😱
I'm going to break down as concisely as possible how we got here, why we got here, and how we can avoid this sort of thing moving forward.
Buckle in! 🧑🚀
1/16
Bitcoin's real scaling solution isn't turning out to be the Lightning Network. It's Litecoin.
Not a shill, just reporting facts.
Of course I have long-term scaling and development concerns, but let's face it: Litecoin is Bitcoin's payment arm for now.
Guess what: custodial Lightning wallet Strike doesn't work in Argentina anymore. Because it was always a bank LARPing as decentralized crypto. 🤦♂️
They lied to you that Lightning was going to fix everything, they lied to you that you were actually using Lightning so they could
When people make excuses for Bitcoin being slow and expensive, they say it's because "decentralization" and L2s will work just fine.
Show them this.
Yeah, not working out so well. 😬
One of the biggest innovations in crypto's history happened over the past couple of years, yet almost no one is talking about it! 🤯
The cross-chain
#DeFi
ecosystem being built by
@THORChain
is the missing link crypto has been waiting for. 🔗
Here's why 🧵
1/12
It's irresponsible to promote Bitcoin!
I'm sorry, I feel bad for taking this hostile take, but as we hit another bull market, I don't want people to get hurt.
I love what Bitcoin stood for and what it created.
But today it gives people false hope.
1/8
@ErikVoorhees
However, the machine that ran amuck under his "watch" was the worst we've ever seen, probably.
Untold levels of blatant corruption and disregard for constraints of government.
I received a
#Bitcoin
#LightningNetwork
payment. Or rather, I should have, but it sent and just never arrived. Poof, into the void. No idea where it went.
This stuff NEVER happens with on-chain where I could look everything up on the actual blockchain. 🙄