Chris Frederick
@chris_xworld
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$BTC Hodler and Miner 💰Serial Entrepreneur
New York, USA
Joined July 2013
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The Biden admin is marginally taking their foot off our neck for cheap political points bc junior staffers showed them scary internal polls
Don’t be placated. We still need a clean house and total regime change
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While still relatively rare, I can assure you that the number of targeted attacks against crypto whales are vastly underreported. Many victims are hesitant to consult law enforcement out of fear of drawing more attention to themselves
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What’s the deal with all these jets over south beach did they call in the air force for MDW?
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The US inadvertently provoked Hamas to seize control of the Gaza Strip in 2007.
The US supplied guns, ammunition and training to Palestinian Fatah activists to take on Hamas in Gaza and the West Bank.
When Hamas learned of the coup, they preempted it
White House Issues Condemnation Of Attack Biden Funded
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I'm a zero issue voter.
There's no issue trivial enough to entrust to politicians to solve reliably
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BTC is hitting all-time highs, they just aren't evenly distributed yet.
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Fun aspect about Reddit's rugging of MOON community tokens is that MOONboys have their token balance displayed on their profile & every comment they make.
Thus you can see how much folks have lost. In some cases 5 or 6 figures USD worth of engagement farming down the drain.
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The true identity of Satoshi Nakamoto is a75f4c84e17cf63a2c46e897da66d6d4cfe1d7bca3605b8b8ba09f15d583991b
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The ability of the Stacks layer ecosystem to identify and respond to bugs & issues is improving every day.
24-hour turnaround time for a recent bug; SIP written, debated, approved & implemented in a decentralized way.
Bitcoin layers are maturing.
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The single most important thing needed for the growth of Bitcoin is the emergence of high-quality Bitcoin L2s.
We need L2s that can do fast, cheap BTC transfers at high volumes. I should be able to send $100M in BTC over a L2 without thinking about the infra.
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Cash is going extinct.
These days it seems like half the time I ask for cash back at a retail store, they don't even have $40 in the register
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Travel around, get outside of your bubble, and remind yourself that even though almost everyone has heard about it, practically nobody cares about Bitcoin.
It's still early; roll up your sleeves and get to work. Success is far from guaranteed
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14 years ago today, Laszlo Hanyecz had tens of thousands of bitcoin he had mined just burning a hole in his pocket. He also had a hankering for pizza. The rest... was history.
Fun fact: he kept his pizza offer open for a while and in total purchased 8 pizzas for 40,000 BTC!
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A flagship Bitcoin developer event in Miami next week: the Bitcoin Builders conference. Companies working on all major Bitcoin layers & projects, Lightning, Stacks, Rootstock, Drivechains, and new rollup projects will be there. Imp time to discuss scaling!
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I know we should just expect brazen cynicism from her but it really is remarkable that Warren who brands herself a champion for women is defending Gruenberg who presided over a culture of rampant sexual harassment
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Venture Capital funding in the crypto industry dropped 66% year over year to $10.6 Billion, but remained 3X the flow seen in the previous bear market.
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Several major Prime Trust oops revealed today.
1. Excessive spending relative to revenue.
2. Invested in TerraUSD with customer funds.
3. Had a 3-of-6 multisig cold storage with cryptosteel backups they seem to have misplaced.
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$ echo "none of your business" | sha256sum
The true identity of Satoshi Nakamoto is a75f4c84e17cf63a2c46e897da66d6d4cfe1d7bca3605b8b8ba09f15d583991b
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Google Scholar Articles Mentioning Bitcoin
(note: 2023 number will ⬆️ due to listing lag)
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In this report I analyze how well the historical distribution of timestamps on bitcoin blocks matches the expected distribution
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2 decades of subjecting innocent citizens to abuse and theft.
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Bitcoin transaction fees are at 85 sats/vB this morning. They used to be 1-2 sats/vB just a few months ago.
We might see another 10x from here. The Bitcoin thesis is playing out—growth in L1 apps, devs & Bitcoin L2s.
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Recent research has shown:
* 73% of America's food supply is ultra processed.
* 66% of calories consumed by children are from ultra processed food.
* Those who consistently consume ultra processed food eat 500 calories more per day than those who don't.
Wake up, America!
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This makes the second dismemberment of flashy crypto bros this year. Stay frosty, folks!
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Are you interested in learning more about the
#Bitcoin
Lightning Network? Check out my educational resources with 40 categories and 250+ links.
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1/ Ordinals are the first Bitcoin L1 use-case in 5+ years that are leading to increased blocksize demand and fees.
This is healthy for the long-term security budget of Bitcoin, especially in 10 years
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Elon job performance test, round 5.
*taps mic*
metamask help trustwallet support OpenSea NFT buy crypto coinbase ftx bitfinex kraken binance margin locked withdraw
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Emission of newly created bitcoin is proceeding per plan.
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SBF seems the type to grossly overestimate his own intellect. He has been offered a lengthy rope in court, believes he has the skills to turn it into chaff, but will end up hanging himself.
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Most of the digital content you purchase isn't actually yours. Prepare to get rugged.
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"The Hunt for the Real Bitcoin Hashrate" covers my exploration into different hashrate estimation algorithms, determining which ones are most accurate, and eventually developing an even more reliable way of estimating the global hashrate.
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Merchants or users of remittance services will say the fact that BTC lowers friction and fees is mind blowing
Some might say Bitcoin encouraging saving and long term thinking is mind blowing
If Bitcoin hasn't blown you mind, you just haven't viewed it through the right lens yet
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In both (a) and (b) BTC appreciates. In (a) BTC = $1M and in (b) BTC = $100K+. Scenario (c) is where Bitcoin goes through short-term troubles (a successful Operation Choke Point 2.0) and then grows while largely being cut off from the US markets completely.
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Politicians are not your friends.
"Yeah, but these politicians are crypto friendly!"
Oh, my sweet summer child...
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In any of these scenarios, I’m not betting against Bitcoin. New disruptive technology always ends up replacing legacy systems. It’s just evolution
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Bitcoin did not appear out of thin air. A rich history of efforts (and failures) by cypherpunks helped us arrive to where we are today.
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The top-3 crypto-friendly banks in the US have all been closed now.
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Some have noted that an overwhelming majority of recent bitcoin transactions have been related to ordinals. But what does that mean? "Ordinals" encompass many things...
Turns out, over 90% of the recent activity is BRC-20 mints, AKA token creation. Unclear if it's sustainable
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One way to attempt to push bitcoin adoption forward is to demand to be paid in it.
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So
@BankofAmerica
just closed my personal bank account that I’ve used for 15 years. No reason given.
Real reason? I do Coinbase transactions through this account for Bitcoin.
This is a war on Bitcoin & crypto. Please RT to warn others. We won’t stay silent.
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To avoid a 1984-style rewriting of history, we will inscribe news on Bitcoin.
Bitcoin is the ultimate source of truth.
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Mining is an important aspect of Bitcoin's security. Miners timestamp batches of transactions and make it expensive to roll back the blockchain's history. It's also a privacy preserving option for acquiring BTC that is free from AML/KYC. Learn more here.
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Plot proposal for John Wick Chapter 5: Clearing the Epstein List.
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Henceforth, any account that appears to do nothing other than reply with a rephrasing of the original post will be presumed to be GPT and summarily blocked. Gotta keep the signal high!
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Literally every adult is a criminal.
Especially high ranking politicians.
I'd just like to see presidents who initiate wars of aggression without Congressional approval put in prison.
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Something shifted at the same time the SEC crackdowns started last week.
/r/bitcoin subscriber growth went vertical...
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Palestine has not held elections in 17 years since Hamas won 44% of the vote.
44% of Palestinians are under 18 years old...
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Today, there is an overwhelming amount of crypto tokens in which one can invest. And a huge amount are unregistered securities - not that this is bad because it's illegal in some jurisdictions -
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Recursos Bitcoin em Português
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Xverse, a Bitcoin web wallet, was the
#1
startup at the Paris Blockchain Week.
700+ startups competed. Revival of Bitcoin building; you love to see it 🧡
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Observing effects of NFTs on Bitcoin's data set:
* Bitcoin normally adds < 1M net UTXOs per year.
* In the past 3 months, 2.5M net UTXOs were created.
* Blockchain size ⬆️ 5%, slightly faster than usual.
* UTXO set size on disk (more compact than in-memory) ⬆️34%
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This is the current crude state of AI assistance.
The end game will remove the humans from the equation, as each human will run their own autonomous agent that directly interacts with the autonomous agents running on behalf of other people
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Q: "What 2FA method should I use?"
A: Certainly not SMS. Using a TOTP app like Authy or Authenticator is better than nothing, but storing secrets on internet connected devices isn't great.
Optimal: buy several Yubikeys for redundant offline storage
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In one ear: bitcoiners screaming that the network must only be used for pure monetary transactions.
In the other ear: nocoiners screaming that the network can't be money because it doesn't do X/Y/Z.
If you try to put honeybadger in a box you're gonna have a bad time.
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Adding insult to injury for the folks who lost money in last year's wave of bankruptcies, creditors now get to watch lawyers hoovering up millions of dollars a day in billable hours from the smoldering wreckage.
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Point being, when a conflict is multi-generational, it becomes imbued in one's culture. A cultural conflict means that the chances of settling it peacefully via rational discourse and compromise are approaching zero.
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Finally, the increased blockspace demand & usage is leading to more interest in Bitcoin scaling solutions and Bitcoin layers like L2s, sidechains, etc.
Bitcoin is designed to scale in layers; this is how we reach a billion people.
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Gamma just launched a new Ordinals marketplace for trustless trades.
Gamma already supported Stacks layer NFTs, now Bitcoin L1 also works.
Bullish on Bitcoin builders 🔥
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I have no solution to propose for the Israel-Palestine conflict. I'm skeptical that a practical solution exists.
It reminds me of certain family feuds in Appalachia that have persisted for so many generations that in some cases they have forgotten the root cause of the conflict.
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Hal Finney was a legendary Cypherpunk, but he was not Satoshi.
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There are a plethora of metrics available about different aspects of the Bitcoin network. They can help us track its adoption and use. You can check out dozens of statistics sites linked from here.
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Bitcoin covenants are a powerful and promising potential feature that could be added to the protocol. In this essay you can learn about their lengthy history, complexities and trade-offs, and what functionality they could enable.
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Our Bitcoin builders event in Singapore tomorrow has 625 registrations. Our venue is 150 or so. Amazing to see such enthusiasm for Bitcoin L2s in Asia!
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Ordinal News Standard shows that we’re just scratching the surface of protocols devs will build on Bitcoin L1, and scale through layers.
Decentralized news on Bitcoin!
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Resistance to new technology rises when the public perceives that the benefits will only accrue to a small segment of society while the risks are likely to be widespread.
Incumbents at risk of being disrupted by new tech know this, and spread fear to instill those beliefs
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"The natural flow of technology tends to move in the direction of making surveillance easier."
- Zimmerman's Law
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Troubling argument floating around lately that new functionality shouldn't be added to Bitcoin because it would enable scams.
That logic could be extended to block pretty much any innovation. This is the double sided nature of tooling: it can be harnessed for good & evil.
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10 years ago the Bitcoin Time Traveler paid us a visit and painted a vision of a dystopian hyperbitcoinized future. Thus the meme of Bitcoin Citadels was born.
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People love similes & metaphors since they are information dense. It's OK to use them for Bitcoin as long as we admit they are flawed.
Ex: Bitcoin is like gold, except it can be teleported globally, verified cheaply, & has a predictable auditable supply.
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The fact that there are bitcoin addresses on the OFAC sanctions list is ridiculous...
Because YOU'RE NOT SUPPOSED TO RE-USE BITCOIN ADDRESSES.
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Basically, you need to understand all of the possible ways you could get screwed and act accordingly.
If your mindset is to get rich, ask yourself: what am I contributing? Are you expending your energy trying to recruit more investors so that the value of your holdings grows?
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Just look at Israel; they have one of the most heavily fortified borders in the world with the West Bank and Gaza Strip, yet their border was still breached. And Israel only has to monitor ~400 miles of border.
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2/ Ordinals are attracting new users to Bitcoin. The increased user demand is making more devs build Bitcoin products, e.g., Taproot support in new wallets like
@xverseApp
@hirowallet
.
User demand leads to more dev interest which leads to more incoming capital.
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Brian and CZ went all-in on Bitcoin when it was small and built tools, through their companies, to grow it.
Bitcoin would not be where it is today without their contributions.
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You young whippersnappers should be thankful for how user friendly video games are today.
Back in my day, if an enemy touched you, you DIED and had to restart the level. If you died 3 times it was GAME OVER.
There was no "restart from last save point
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On one hand, dozens of Bitcoin ETF applications have been rejected over the past decade.
On the other hand, Blackrock has a 99.8% success rate with a track record of nearly 600 ETFs launched
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Fun fact: the first person to run the "send me bitcoin and I'll send you even more back" playbook was Satoshi Nakamoto.
Though Satoshi was honest and, true to their word, sent back an extra 50 BTC!
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Economists might be mystified by an asset that goes up in price without producers increasing production to increase supply.
Oil drillers say finding an alternative to flaring excess gas that's cleaner and more profitable was mind blowing.
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When you drop ordnance on an enemy who is positioned in an area populated with noncombatants, you are saying one thing:
"We value the lives of our foot soldiers more than the lives of the civilians in the blast zone."
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Fascinating story of a sim swapping gang that stole bitcoin from a ton of folks.
"Hackers are no longer just people behind a keyboard. They have guns now, and innocent people are getting hurt."
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