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?
Jul 29, 2018 • 4 tweets • 1 min read
#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.
Jul 4, 2018 • 4 tweets • 2 min read
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."
Jul 1, 2018 • 5 tweets • 1 min read
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.
Apr 23, 2018 • 12 tweets • 4 min read
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
Apr 2, 2018 • 6 tweets • 2 min read
#Bitcoin's off chain layer 2 is what makes it adaptable to nearly anything the free market can think of.
Bitcoin's decentralization on layer 1 is what ensures it's a "free" market.
Altcoins and ICO tokens are relatively centralized, and as a result are less free and adaptable.
Jan 10, 2018 • 10 tweets • 4 min read
1/ #Bitcoin is in a mania. I admit that. People are accumulating. If bitcoin was a typical investment, it would be setup for a 90% sell-off. But this isn't a typical investment.
2/ It's important to understand that #bitcoin is divisible to 8 decimal places. 0.00000001 btc = 1 Satoshi, the smallest unit (that the base layer will recognize).