JW Weatherman (Simplicity on Bitcoin Now)
@JWWeatherman_
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The bitcoin change process is 1. Necessary. No we can’t just stop changing software. The universe is changing around us so if something is going to stay working it must constantly change. This applies to software too. 2. Easy to understand. We assign people to determine
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This is Sergey Brin's yacht He got so bored of sitting on this $450M yacht that he had to get out and go create things again The only true long-term satisfaction for man is to create, either things, or babies
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“People still buy hardware wallets after watching us supply chain attack a casino?”
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OPEN BOUNTY (thanks to @JWWeatherman_ ) if you find an established Bitcoin Brand to run an Oracle for us I will personally send you TWO MILLION SATS
@JWWeatherman_ @arshbot @joinMagnolia ITS NOT THAT EASY SIR @Blockstream WILL YOU BE MY ORACLE AS WELL? @JWWeatherman_ if you find me a very notable oracle I will personally pay you 1 Million Sats. Also, I think you're discounting Harsha's reputation he's extremely popular and we are very lucky to have them.
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The risk that your bitcoin will be stolen is obviously higher than if you have a good multisig self custody wallet. It’s not certain you’ll be robbed of your collateral, but let’s assume there is only a 1 in 10 chance you’ll be robbed. That’s a 10% chance so at first this
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Kyiv School of Economics in Ukraine is raising $4m to fund 800 full scholarships for students hit by Russia’s war ($5k each: tuition + accommodation). I meet them every day—studying between air-raid alerts and power cuts. Please donate
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Even if you make the reasonable assumption that bitcoin will go up 50% per year on average and your interest rate is only 10% on the loan the math still doesn’t work. That is because there is a risk that the lender will be hacked, employees will steal or something else.
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don’t take a Bitcoin backed loan. 🧵 (math follows)
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