hoodie
@iwearahoodie
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Following
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Statuses
30,209
I trade crypto, invest in real estate, and write stories.
Western Australia, Australia
Joined November 2015
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@TheBiggestOaf
@NeuroLatina
@calitrav
@nature
How can one mansplain unless we agree on the definition of what a man is?
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Here's my honest feedback on the lightning network and Bitcoin:
I run a media company. It's based in Australia. I employ some people in the Philippines to help with back end stuff and some grunt work.
I want to pay them with Bitcoin. But there's a problem.
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@zhusu
Mum’s basement -> work from home
Loneliness -> career minded
Illiquid bag holder -> asset rich
Shitposter -> independent media
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@TeenVogue
Multi billion dollar private company Advance Publications, owner of Condé Nast brand ‘Teen Vogue’, says we must end capitalism, but want you to go first.
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Five things I've learned after a year of being seriously into
#Bitcoin
.
1. There's little correlation between early adopters and intelligence. It seems to me that many OG's didn't realise the incredible thing they were sitting on, and either rage quit when they didn't get their
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Craig Wright is currently trying to walk back his commitment to make BTC worth $0 by 2020.
He has EXPLICITLY said many times that he was dumping all the BTC he would get. He also explicitly said BTC had a fatal flaw re segwit. He’s now silent re that insight. But
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@chickenplayz13
@Roblox
I’m just hair floating around. My son has no head. Time to play Minecraft for a bit I guess
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@jeffreyatucker
@isaacmorehouse
no. the cases take 2 weeks to manifest. the virus does NOT spread quicker in lockdown. That's the dumbest thing I've ever heard.
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@MrOverpaid
Don’t buy now or otherwise half your bitcoins get burned during the halving actually
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@TopBanana51820
@SBSNews
Seems like it. I’m so confused. God help us if someone cures cancer and the entire medical profession goes broke.
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I'm strongly starting to think
@DanielKrawisz
was right, I've been listening to an echo chamber of people who have never run a business before, and I hope Daniel can answer more questions I have about his opinions of Bitcoin.
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I really do wish all the EVM chains all the best, but I tell you, actually using Solana DeFi is an order of magnitude more pleasant than any other chain right now.
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Now I'm told some of the lightning problems will be solved with certain developments. But I assure you, the fundamental structure of lightning doesn't suit me at all for my business. I want to pay my staff each month. Businesses can't leave money tied up in Lightning channels.
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Frankly, I cannot see any logic to the argument that we need to keep nodes small so poor people can have them, when the fees to actually use the Bitcoin network price even the middle class out of using it. It's nonsense.
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@matt_chandler
@nikillinit
That’s not how it would work. You just send them 1M tokens you mint yourself and do a single on chain trade with $10 worth at $1 per token. Would cost you $10 total.
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Listening to Bitcoiner podcasts attempt to explain why Ethereum has failed and can’t compete with BTC makes me extremely bullish on Ether.
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@KimDotcom
@The_Cryptoh_Pro
Selling my Amazon shares and buying dentacoin. Thanks for the sound financial advice.
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I wouldn’t trust a chain founder that doesn’t have a crippling Twitter addiction and that’s why I love
@aeyakovenko
and Solana.
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I love Bitcoin SV. If this post gets more than 38 likes (in 24 hours) I will publish a medium article about all my favourite Bitcoin SV apps / services / businesses.
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Plus what are they doing to do once I've paid them via LN? There's no way I can expect them to run their own nodes. I honestly have no more love for lightning at all. I don't see it solving problems of scaling in a way that businesses or consumers actually function.
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@jasonfurman
ummm what? You’re trying to destroy an industry and it’s opposed to it and that’s arrogant? You’re off the reservation.
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@RepRashida
@RepChuyGarcia
@RepStephenLynch
You took some very bad advice on this bill. Fire whoever told you this was worth putting your name to. And come up with a good excuse to bury it quick to save some face.
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The fees just get too high. I had to completely write off the idea of paying my staff with Bitcoin during Dec 17 / Jan 18 when it was costing absurd amounts to get transactions confirmed in a reasonable time.
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@AvidCommentator
imagine thinking this was an issue. I’d have concern maybe if she was a renter who had no experience being a landlord.
Imagine saying you have any credibility on economic matters if you can’t even succeed with your own finances lol
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seeing a lot of people in my feed saying a $2000 computer is too prohibitive to be a Solana validator therefore sol is not decentralised.
These same folk are fine with needing 32 eth to be a validator & $100 tx fees.
Bitcoin maxi logic all over again,from ethereans this time
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I also run Bitcoin training seminars about Bitcoin. I won't be running any more until I can actually see where this thing is heading. This high fee bullshit makes the network unusable for normal people, and lighting is not easy to use, which any scaling solution needs to be
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Cash flow issues in actual businesses won't allow that kind of behaviour. So I'd have to create a new lightning channel every month to pay my staff anyway, so I'd be doing onchain tx anyway. But the staff don't get paid enough to warrant $100 fees for each channel.
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@RyanMOsburn
@TheBiggestOaf
@NeuroLatina
@calitrav
@nature
🙏 I hope to live out my life responding to contradictions on social media.
And world peace.
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I started to hit some snags.
I won money on online betting sites, but couldn't withdraw the money because I needed incoming channels connecting to my node with money on the other side of the equation. I was like "what the fuck?"
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@AlexeiArora
@lawmaster
I had a read of the whole article and it’s actually satire.
I just didn’t expect to find satire on the UN website. The article makes a good point.
UN recently removed this article and its moronic headline but it was real
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@elonmusk
@WSJmarkets
Elon mate can you introduce a policy that gives a brown checkmark to anyone who steals say, $10B or more?
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I'm not interested in waiting another 5 years before I can actually use Bitcoin in my company, I don't want custodial lightning, and I know that once there's another bull market, arbitrage opportunities are going to be prolific and demand on blockchain space will be high.
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I love these people. I want to help them
That is why I will support Bitcoin until it is the global reserve currency
That is why I hate alt coins & cryptocurrency scammers and ICOs and pump and dump VCs and everyone else in this space trying to rent seek off the back of Bitcoin
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So there's one of two things that will happen. Everyone goes custodial, or we get bigger blocks. If we go custodial, game's fucked.
If we get big blocks, we can actually use this thing.
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the worst part is Lyn shits on ethereum and defi in general, but was happy to advertise centralised, far far riskier, products using trusted third parties, which crypto was supposed to do away with.
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What concerned me the most was when I weighed into the block size debate and argued for higher blocks, I was told that I was doing it wrong or something, and just to wait. Well, I wanted to use Bitcoin now. But I trusted and waited.
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In my frustration I've gone back through a lot of the scaling debates and high fee discussions. I can confirm that there's been a lot of "these high fees are great" posts from pro lighting folk, and even "bitcoin isn't for poor people" stuff.
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I hope I'm wrong about Lightning, and there's going to be a magical fix that will allow sending and receiving infinite amounts non custodially without needing to trust third parties, in a user friendly manner. But I can't see it. I gave it an honest shot, but it was such a hassle
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Translation: the moment of reckoning has arrived, and the emperor is naked.
The best thing for BSV on Jan 2 will be for CSW to be excommunicated from the entire community because of his leading people up the garden path once again.
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No one will admit this but defi’s entire success story is actually due to unsiwap’s beautiful interface.
This is one of the problems with grassroots projects, people are way too nice to each other. The harsh reality is, most people suck badly at UX design. Their work is worth less than nothing, and hence you shouldn't even accept it for free. Have more self-respect.
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@poordart
Your willingness to learn is good enough for me. Come manage our team responsible for $200B of DeFi tokens.
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Ima tell you my story about Su Zhu.
I liked the guy. I don’t remember when I first came across him, and I didn’t know he had a heap of AUM. I just thought his tweets were insightful and interviews were helpful.
Had a call yesterday w someone who asked "how come you and Do Kwon came back right after FTX went down, is it just to deflect from your own issues?"
I replied Do Kwon has been building on Luna classic + luna2 literally continuously and hasn't taken more than a week Twitter break
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Even if someone was happy to do all the channel openings and crap, it's years away from reaching a user-friendly state. I can't ask local merchants to go and buy server hardware to be able to accept this shit. It needs to run on an iPad. Only a custodial solution would work.
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@BulgariaInNFTs
Yeah I just got out of a meeting with the federal reserve and they said they’re only looking at primate avatars as reserve assets and would never trust marine wildlife. You must have a lot of experience with institutional investors to have so much insight.
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I eventually managed to find a service that would open up channels back to me, (for a fee), and was able to receive money again. Then I started trying to close some channels to get money back out of lightning. God what a hassle.
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his followers took him at his word, and are sitting on a hill waiting for the alien ship to come and vindicate their faith in Craig. They’re posting all sorts of countdown nonsense and vitriol in reddit et al, but coingeek etc are all posting “clarification” articles.
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Just paid my yacht captain in $COPE . Fast and easy.
I didn't convince him or even mention $COPE to him. He asked for it. Glad to see the adoption.
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@0xKoala
@insiliconot
heart pains and chest pains day of 2nd vax. hospitalised later on with heart stuff. hospital staff new it was vaccine. They had HEAPS of patients with same.
other miscellaneous health issues that magically started same time as vax
got covid. hit me harder than my unvaxxed friends
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All coins that can be frozen by third parties should not be on any "defi" list.
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@starkness
@danheld
That’s the same logic every single alt coin is using.
Every tech that survives obviously went through the same process. You need to look at all the carcasses of protocols and products that died along the way to realise how meaningless your reasoning is
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@Derivatives_Ape
Bro is this satire?
Life is for living, not being a worker drone
The “Productivity” religion espoused by people is a recipe for depression, madness, and a wasted life.
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Thread: I can see a lot of people are confused by this new
@BasedProtocol
project.
But here it is in a nutshell, and why I’m very excited by it.
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My followers know how much I am annoyed by CSW and his lies.
Part of me is shamefully happy to see the price of BSV fall so much recently.
And yet! whenever I look over the fence, they’re all still making very cool apps and products. Better than anything on BTC by a long shot.
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Bloomberg: people eating healthier sadly put cancer surgeons out of a job
Ethereum’s shift to a more environmentally-friendly model could cut its power consumption by 99% — and put miners out of a job
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I feel bad for the people that have been tricked by Craig over the last year or so into believing CSW was going to be dumping a million BTC and BCH onto the market. They honestly made their investment decision based on this lie.
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Absofriginlutely loving the
@phantom
wallet on Solana.
Even got multiple hardware wallets connected, which is something even metamask hasn't been able to achieve yet.
Great watching the solana defi ecosystem evolve bit by bit.
$SOL
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@NeerajKA
@tomhschmidt
-is building a solar and battery farm and will be able to mine cheaper than anyone thus putting all fossil fuel miners out of business and saving the planet and Bitcoin.
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Eventually my patience was rewarded. One day Lightning was ready to use. I tried a custodial app which was easy to use, and also spun up my own node using Pierre Rochard's node launcher.
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@cobie
It’s called the “Settlement Bank Funds” (SBF) system. They use method called foreign treasuries and exchange (FTX) and it involves taking peoples pension funds and spending them on private jets in exchange for IOUs.
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@stephanlivera
@AnselLindner
@realLudvigArt
@GabrielDVine
@PMillerCoin
@JWWeatherman_
@Grinnersaok
@SamouraiWallet
Please everyone let go of Finney mBTC, etc.
Satoshi is the only unit needed.
We’re already familiar with denominations like hundred, thousand, million, billion... everyone can get their head around a large number on the left side of the decimal point.
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In 30 years the daily issuance of Bitcoin will be just over 7 coins per day. It's currently 1800 new coins per day. It will make gold seem hyperinflationary. And when they're all mined, THAT'S IT! What other commodity on this earth have humans EVER stopped being able to create?
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I was sold pretty quickly. I could easily send and receive small payments online. I bought some stickers. And I was relieved that this wasn't vapourware and Bitcoin had something of a chance at scaling. But then...
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@karbonbased
Headline: - Man who proclaimed pride in being “toxic” complains about internet jokes.
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If I try and save for a home, I live in constant fear that prices will rise quicker than I can save.
So I'm encouraged to go in to debt.
Which increases the money supply.
Which dilutes the value of everyone's money.
Which pushes prices up.
Which encourages you to borrow..........
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“If you see fraud and do not say fraud, you are a fraud.”
- N N Taleb.
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If people could store their wealth in money, they wouldn't spend so much of it on real estate. Which would reduce speculative demand for houses. Which would free up stock and reduce prices for people who want to buy a home to live in.
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I’ve been playing with zcash for a week or so now. I prefer it far more than bitcoin. Shielded transactions are a far better way to pay someone. I’m no longer exposing my entire bank balance to every person I pay.
Will be using this to pay staff moving forward.
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5. Bitcoin appeals to those on the right, but it SHOULD appeal to those on the left far more. Finally we have a tool that will stop the most vulnerable in our communities from having what small income they can acquire stolen through inflation.
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@SallyMayweather
Need to try it with a city… maybe put a wall up the middle. I’m sure results will be different.
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Aus govt takes 30% of your income
State govt charges $25,000 fee for the “paperwork” for avg house purchase
Together they charge you 10% for EVERYTHING you buy every day
Local govt wants $2000+ from home owners each year so they can hire staff to fine you for having chickens.
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We’ve established that stablecoins are a killer app for crypto.
Forex markets are a natural extension of this.
Once we have enough liquid forex markets on Solana.... guess what happens?
WE ARE ONE BIG STEP TO SOLVING REMITTANCES.
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