#India can't ban #bitcoin. Bitcoin will happily and easily move underground and the resulting premium will draw in more.
Countries will eventually get it, trying to ban bitcoin incentivizes civil disobedience.
It's also interesting that the two gold loving countries of China and India fight bitcoin so much.

Will they be on the wrong side of a monetary shift once again?

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More from @AnselLindner

Oct 5, 2018
#Ethereum miners are starting to realize the value of their $ETH doesn't come from transactions. 1/
2/ In fact, including everything into the current state and/or archival blockchain, increases miners' cost.

The connection they might have made is all the dapps and other silly stuff isn't where the value comes from, the value comes from marketing.
3/ The success of ethereum's marketing is only partly correlated w/ the number of transactions. There needs to be enough volume to support the narrative, but not too much to make it extremely hard to stay synced.
Read 5 tweets
Aug 20, 2018
I'm convinced that all of the smart people in #ethereum have to know it's an outright scam at this point, and probably have for a long time.

The only question is, how to unwind their positions of 10s of millions of ether?
They want you to think the #ethereum network is viable by stringing you along on this decade long wild goose chase for PoS. They'll happily sell you their bags as they move onto their next scam.
Read 4 tweets
Jul 29, 2018
#Bitcoin has had a fascinating affect on libertarians and "the freedom movement."

Like an ultimatum, it has split libertarians into two separate camps, Neo-Austrians (cypherpunks) and a postmodern libertarians.
The former is characterized by a focus on technology, money and the pursuit of truth, while the latter is focused on pragmatic politics and postmodern libertarian skepticism.
Bitcoin is unyielding. It forces formerly well-respected Austrians into logical inconsistencies, contradicting themselves, as they attempt to dismiss it.

They refuse to approach Bitcoin rationally, so end up rejecting technology and science, too.
Read 4 tweets
Jul 4, 2018
I was wrong about the #ETH price two years ago, because I saw this, and other weaknesses, in its very design. It simply doesn't work.

Marketing false claims is getting harder to maintain.
We've seen a slow shift in #Ethereum's marketing strategy.

World computer -> unstoppable code -> rich statefulness -> ICO platform -> dapp platform -> etc.

Now it's, "ethereum has the most devs" or "solutions will be found to its problems, because it has the most developers."
It doesn't matter the quantity of devs you throw at the problem, as some over-exposed $ETH hedge funds will tell you (especially if the "blockchain devs" can't launch their little pet products).

It's *quality* over quantity, on a basic design that works.
Read 4 tweets
Jul 1, 2018
1/ Current immigration issues can be blamed on fiat, capital controls and trade imbalances.
2/ In hard money based free trade, money will flow out of the importing country and into the exporting country, making people better off in both countries.
3/ Once the money runs out, however, the past importer must become a producer out of necessity, and the past exporter can spend their savings on imports. A self-regulating balance develops.
Read 5 tweets
Apr 23, 2018
1/ Altcoins compete on *claims* of complex features, but that's a losing model, because with time new complex feature ideas will become popular.

The real challenge is to create simple, robust and unchangeable features like #bitcoin.
2/ The short history of the #BitcoinEra has shown altcoins' claims of complex features are a dime a dozen. Popular features come and go, or evolve into yet new features.

By the time your altcoin has built a working network, its feature list is passe.
#bitcoin
3/ #Bitcoin, on the other hand, does a few things very well, and provides a space for people/businesses/apps to capitalize on those unchangeable strengths of its system.
Read 12 tweets

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