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https://twitter.com/arminvanbitcoin/status/963833194473836544?lang=en
https://twitter.com/PoliticalShort/status/1040804462523236352Since this is getting some attention, I want to explain what happened in more detail.
https://twitter.com/twobitidiot/status/10370914260798341122/ Let us not forget that reputation should be associated with the consequences of our actions. Erik and ShapeShift have earned the suspicion of people who care about #Bitcoin.
https://twitter.com/CryptoFinCon/status/10341002720695828482/ Have the conference organizers done a shred of due diligence on this person? There is no information at all on him before late 2017, then he suddenly shows up in a bunch of shady publications saying he was buying bitcoins in 2009 - all the articles have the same verbiage.
https://twitter.com/Excellion/status/1028426579158884352
https://twitter.com/real_vijay/status/10196021683309117442/ @stevekbannon has stated that "I like bitcoin. I own bitcoin":
https://twitter.com/naval/status/10197661153988935682/ In the tweet I quoted above you present a mathematical tautology that seems obvious, but I think when unpacked it's a lot less obvious than as presented. Let me, however, agree with you: someone who codes for a protocol and is HODLer is doing more than someone merely HODLing
https://twitter.com/real_vijay/status/953735809647116288?s=20
https://twitter.com/real_vijay/status/916860034323169280
https://twitter.com/MustStopMurad/status/10098415990676725762/ Most of the value in an economy is in meat-space and this will always be the case. Any application that runs on Ethereum that touches meat-space cannot escape losing its decentralized properties and hence would be better run on a regular, much more efficient database.
https://twitter.com/real_vijay/status/9877669923869655042/ The process of monetization is the increasing distribution of the supply of a monetary good amongst a population. What matters is not the number of people who become owners per se, but how fully the supply itself is distributed.
2/ The misconception is that Bitcoin (or other cryptocurrencies) must be "useful" or used in exchange or "earned" for them to be valuable. "Buying and selling" *is* enough for Bitcoin at this stage of its evolution to becoming money.
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2/ The kernel of truth: Bitcoin is a new technology and nascent form of money. The future is uncertain so there are obviously risks to investing in it. Anyone with a shred of common sense already knew this.
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