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Saifedean.com Profile picture
@saifedean
Jul 1, 2018 • 8 tweets • 3 min read Twitter logo Read on Twitter
If your "developers" need multi-million dollar Ponzi schemes to be incentivized to develop apps that have found exactly zero commercial applications, you just might be a Silicon Valley thought leader.
Hodlers are the opposite of free riders. It was ONLY hodlers buying & hodling Bitcoin that financed the growth of the network, mining security & created a liquid market on which parasites like this have launched thousands of scams with premines, ICOs & zero products or innovation
If it wasn't for hodlers Bitcoin would still be a worthless game token exchanged for fun between geeks, and all the shitcoins & ICO scams that have made Naval m(b?)illions would have never existed.
He is disparaging the ONLY proven usecase of "crypto" to pump his vaporware scams
How can anyone take this guy seriously when all he has ever done in this space is introduce vaporware shitcoins that have contributed absolutely nothing useful to anyone anywhere except enriching scammers, while concern trolling & disparaging the only usecase that works, bitcoin?
As Paulo Rumi Coelho once said:
"It is impossible for a man to be a shitcoin pumper unless his heart has been filled with Keynesian & socialist shit first."
#Deep #ShitcoinWisdom #SpiritualCoinOffering
Shitcoiners are so delusional they expect us to treat their million dollar projects that have produced & innovated exactly nothing as if they were the second coming of the internet. Until you produce actual commercial products, you're no better than Nigerian prince email scammers
Satoshi made bitcoin with no premine, ICO, VC funding or marketing.
Shitcoiners copied 95% of Bitcoin's code, added utterly pointless gimmicks, made millions & haven't delivered a single working product.
But Shitcoin Buddha thinks BTC development is broken & ICOs are the future.
Satoshi built the most advanced tech for money with no funding.
The "crypto" industry has built absolutely nothing so has to pretend to be on the same team as bitcoin & beg bitcoiners to be nice so they can sell their stupid games as being bitcoin-like.

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More from @saifedean

Saifedean.com Profile picture
Oct 5, 2018
Seriously people, stop saying blockchain. It means nothing and only signifies you repeat words without understanding what they mean.
medium.com/@nic__carter/b…
Not every attempt at making wings creates an airplane.
No, seriously, stop saying blockchain.
Read 4 tweets
Saifedean.com Profile picture
Sep 21, 2018
The Bitcoin Standard upcoming talks:

Madrid: Tuesday Oct 2
Barcelona: Wednesday Oct 3
Milan: Thursday Oct 4

Stay tuned for details!
Details for my Madrid talk at the @frdelpino :
frdelpino.es/conferencia-ma…
Details for my Barcelona talk at the @IEF_org:
Read 4 tweets
Saifedean.com Profile picture
Sep 3, 2018
Mises on gold 70 years ago, equally applicable to bitcoin today:
"If one looks at the catastrophic consequences of the great paper money inflations, one must admit that the expensiveness of gold production is the minor evil."
mises.org/library/human-…
Read the whole paragraph... Part 1
Part 2:
Read 5 tweets
Saifedean.com Profile picture
Aug 8, 2018
To everyone telling me this massacre of shitcoins vindicates my view that they're all useless, it doesn't yet. Every shitcoin with a price, any price, is still wildly overvalued. They're still closer to their top than to their bottom. We're still in the mania phase if ETH is > $1
Over the last 4 years I've heard every single argument & snarky analogy for shitcoins your favorite scammers have sold you. I have no interest in wasting more of my life on this stupidity. I don't owe you my attention & will immediately block anyone spamming me with this garbage.
You might think that an ICO being down 87% is the bottom, but it is still up $4m, which is $4m too many for worthless vaporware they pay @cryptomanran & the @cnbc boiler room to pump on greedy suckers.
Buckle up, buttercup, big fat zeros are incoming!
Read 4 tweets
Saifedean.com Profile picture
Aug 2, 2018
The cause of the US trade deficit isn't "unfair trade", but the dollar being used as global reserve currency, ensuring endless demand for it and allowing Americans to finance an ever-growing 'deficit without tears'.
aier.org/article/real-r…
One of the many problems of government money is that it's unworkable internationally. Network effects mean one govt's money will dominate globally & now the entire world economy is subject to the whims of its political system. Bitcoin is the only workable solution to this.
Going from one money chosen freely and used worldwide under the gold standard, to the current system of national currencies and a system of partial barter across borders, as Hoppe calls it, must be the most destructive example of technological regression in human history.
Read 6 tweets
Saifedean.com Profile picture
Jul 19, 2018
To everyone concerned about Bitcoin development:
If you're willing to hold bitcoin then you clearly find the status quo of Bitcoin development to be acceptable and should stop concern trolling.

Bitcoin's "broken" development model is giving us lightning. All the shitcoins built to "incent" developers with Ponzi schemes have innovated absolutely nothing but vaporware, Ted-talk-style insight porn & laughably stupid white papers.
Read 4 tweets

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