Hodling Bitcoin since the pizza days. Cypherpunk at heart. Privacy advocate, full node operator, HODL life. “Don’t trust, verify”. Time in M beats Timing M.
London, England
Joined February 2020
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Encro.Btc retweeted
The biggest and most important distinction in Bitcoin is there is a supply cap on Bitcoin but not paper Bitcoin.
Treasury Company Equity
ETF’s
Exchange balances
Perpetual contracts
Option contracts
Loan agreements
All rehypothecate Bitcoin to one extent or other.
Encro.Btc retweeted
Sempre coloque uma vírgula (,) em suas senhas. Se algum dia acabar em um vazamento, quebrará o CSV.
Confima @grok?
Encro.Btc retweeted
Former Denny’s dishwasher uses new found wealth to have sex with women.
BREAKING: Nvidia stock, $NVDA, falls sharply on reports that Jensen Huang had another affair with a senior employee at the company.
Encro.Btc retweeted
ANTHROPIC'S $90 BILLION IPO IS ALREADY MULTIPLE TIMES OVERSUBSCRIBED
Anthropic ($ANT) has reportedly attracted several times more investor orders than shares available, according to Bloomberg, citing people familiar with the offering.
The Claude maker aims to raise up to $90.4B through its IPO and private placement, potentially making it the largest public listing in history.
Anthropic is targeting a $1.4 trillion fully diluted valuation, with Goldman Sachs and Morgan Stanley leading the offering.
Demand is being driven by large institutional orders, while some investors are reportedly already reselling portions of their allocations at premiums.
The AI IPO frenzy is accelerating before Anthropic even begins trading on Nasdaq
Encro.Btc retweeted
⚡️ NOW: Ripple CTO Emeritus David Schwartz says he has sold nearly all his crypto due to his low risk tolerance.
His holdings are down from about 26M XRP, 1,500 BTC and 40,000 ETH to roughly 3M XRP, 1 BTC and 6 ETH.
Encro.Btc retweeted
Why ETH is the store of value for what's coming
We are almost certainly heading into a period of high inflation and extreme economic and social volatility. As inflation and risk erode the purchasing power of nation-state money and many other assets, it will matter more than ever to hold assets that keep or grow their value.
Gold and BTC are high-powered money and excellent stores of value. ETH goes further.
Not debt-based. Like gold and BTC, ETH is not debt-based or credit-based money.
Censorship resistant. Like BTC, or gold and silver held physically, ETH transactions on Ethereum L1 can't be censored. That's true for simple payments and for complex smart contract programs like DeFi, and those programs are guaranteed to execute.
Cheap to hold. Like BTC, ETH is relatively cheap to hold and store securely.
Cheap to use at any scale. Ethereum is cheap and easy to use whether a transaction moves $1 or billions. Any well-formed transaction is guaranteed to execute.
Sound, and getting sounder. ETH is disinflationary and becomes ultrasound, meaning deflationary, during periods of high network activity.
Broadly useful. ETH has many uses across the Ethereum economy, and that economy will grow by orders of magnitude as finance, and eventually every industry, moves onchain. Global adoption of the Web protocols in the '90s and '00s transformed the world economy. Ethereum is the foundation of Web3, the user-centric, decentralized web.
Collateral money. ETH works as collateral, and collateral that grows in value over time is a powerful thing.
Home of stablecoins. Ethereum hosts the bulk of stablecoin activity. Stablecoins serve as payment money and as unit-of-account money.
Despot-proof. Like BTC, ETH can't be used by a despot to financially exploit or repress citizens. Over time that should have positive geopolitical effects.
Programmable. ETH is programmable money. You can attach arbitrary logic to transactions and build an entire economy on smart-contract-based agreements and business processes (see shodai.network).
Transparent or private, and auditable either way. Money and financial instruments on Ethereum can be public or private, and in both cases selectively disclosable and auditable. Privacy tools for retail and institutional users include VPNs, mix networks, shielded and privacy pools, Railgun, stealth addresses, Kohaku, and zero-knowledge proofs in many forms, including on L2s and on private permissioned EVM networks linked through bridgeless synchronous composability.
Future-proof. By the end of 2027, or partway through 2028 at the latest, ETH will be quantum-safe and AI-safe money.
ETH is the base money of an exponentially growing ecosystem that should keep growing for decades. Its monetary premium will keep rising, because retail, corporate, and government users will all need to hold some. Part of today's premium is speculative: Ethereum dominates smart contract blockchains, but it hasn't fully hit its stride or gone mainstream yet.
Machine intelligence will supercharge every scientific and technological pursuit and grow global GDP bigger and faster than any of us can imagine. Ethereum L1 and modular Ethereum L2s will undergird most of the high-value agreements, transactions, payment flows, and complex business processes behind the coming hybrid human-machine decentralized economy.
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
Encro.Btc retweeted
THIS IS THE MOST DANGEROUS DEAL IN THE ENTIRE AI BOOM.
Anthropic needs Broadcom's AI chips to run Claude.
It does not buy them directly.
Instead, Wall Street banks and Blackstone put $63 billion into a separate company, and that company buys the chips from Broadcom.
That company then rents the chips to Anthropic.
Over the life of these leases, Anthropic owes about $161 billion in rent on Broadcom equipment.
So where does Anthropic get the money to pay that rent?
Partly from Broadcom.
Broadcom has agreed to lend Anthropic up to $42 billion, and that money can only be used to pay rent on Broadcom's equipment.
Broadcom sells the chips, then lends the customer money to pay for them.
If Anthropic cannot pay the loan back in cash, Broadcom can take Anthropic shares instead.
So why is this dangerous?
First, the sales are not as real as they look. When a company lends its customer the money to pay its bills, part of its revenue is just its own cash coming back.
Second, everything depends on one customer. Broadcom's own filing warns about its dependence on a small number of customers for AI chip demand.
Anthropic alone owes $161 billion on its equipment.
Third, Anthropic does not have the revenue yet. It made $16.96 billion last quarter but has committed $895.4 billion to compute.
Many of these contracts must be paid even if Anthropic never uses the capacity.
Fourth, the chips are the collateral. AI chips lose value fast as newer models come out. If Anthropic cannot pay, lenders are left holding equipment worth far less than the debt.
If AI demand slows, the whole chain breaks at once.
Anthropic misses payments, Broadcom loses its biggest customer and its loan, and the banks and Blackstone take losses on the debt.
This exact setup played out in 1999 and 2000.
Lucent and Nortel lent billions to their own customers to keep equipment sales growing. When those customers went bust, the loans were never repaid, and both stocks collapsed.
The current situation is getting dangerously close to the dot-com bubble.
Encro.Btc retweeted
🇺🇸 US INFLATION COMES IN HOTTER THAN EXPECTED.
October headline CPI: +0.4% vs. +0.3% expected.
Core CPI: +0.3% vs. +0.2% expected.
Inflation is still running hot.
A December Fed rate hike is pretty much locked in, in my opinion.
Even a 50-basis-point hike is now on the table.
And who benefits?
Follow the Financial Industrial Complex (FIC).
Higher interest rates mean:
✅ Households pay more to service debt.
✅ Businesses face higher financing costs.
✅ The US government pays more to refinance its growing national debt.
✅ Investors buying newly issued debt can lock in higher yields.
✅ Financially distressed borrowers become acquisition opportunities for institutions with access to capital.
The government borrows more.
The taxpayer services more debt.
Bond investors collect more interest.
And the largest financial institutions are positioned to finance, intermediate and acquire assets as weaker borrowers come under pressure.
This is how debt dependence can translate into financial power.
Inflation erodes the purchasing power of money.
Higher rates transfer more income from borrowers to lenders.
Financial distress creates opportunities for consolidation.
And the FIC sits at the centre of it all.
Stop analysing the Fed as though it operates in isolation from the financial system it serves.
Follow the debt.
Follow the interest payments.
Follow who ends up owning the assets.
Encro.Btc retweeted
Elliott Wave HUB on Thursday, November 12th, at 3:00 PM. This will be my first #HarmonicPattern conference presentation in the last two years. Please join me by registering for free at the following link:
bs326.isrefer.com/go/ewhubev…
Encro.Btc retweeted
After nearly 10 years full-time crypto, I can confidently say that half of ‘the top’ of our industry belong in jail. Over the years it became an absolute shithouse of people.
And by ‘the top’, I mean people who have gained some power or influence in one way or another. Half of them simply cannot handle the temptation of easy money and start doing illegal things to enrich themselves.
They extract from you, from me, and from each other.
And then you wonder why governments want to regulate this industry?
Here is a list of people that should go to prison:
- @pr6spr
- @jackduval
- @CookerFlips
- @XScharo
- @villainmonkey
- @frankdegods
- @blknoiz06
- @alxcooks
Am I missing anyone?
Encro.Btc retweeted
Binance is applying enhanced compliance measures following FinCEN’s designation of MEXC as a Primary Money Laundering Concern.
Effective immediately, users should not send funds to, receive funds from, or otherwise transact through Binance involving MEXC, MEXC Global, MEXC affiliates or related entities. Requests to send funds to MEXC addresses will be rejected.
Any direct or indirect transaction involving these entities will be subject to further review. Impacted funds and accounts may be temporarily restricted while the review is ongoing, and such activity may constitute a breach of Binance Terms of Use.
For questions, please contact Binance Support through official channels.
Encro.Btc retweeted
SCOOP: We find out how long Alice Huang has known Jensen Huang, and identified her real company, Shanghai Century Litong, which enabled at least $7.5B Nvidia chips sales to China since 2023, bigger than previously reported. via @theinformation $NVDA
Encro.Btc retweeted
*market booms
Anthropic: "wait for the IPO"
*market booms
Anthropic: "wait"
*market booms
Anthropic: "wait"
*multi decade historic collapses, AI trade implodes, massive fund outflows, new rate hikes
Anthropic: "IPO NOW, GO, GO, GO"
Encro.Btc retweeted
A vulnerability (worse_query) affecting iOS 26.7.1, 27.0.1, and 27.2 allows malicious apps to read local files from other apps, putting seed phrases, private keys, and login credentials at risk across the entire ecosystem. This is an iOS-level issue, not unique to Binance.
Immediate Action Required:
- Delete any apps installed from untrusted sources (such as sideloaded or manually signed IPAs).
- Update iOS and all apps to the latest official versions.
- If you suspect a breach, transfer funds to a new wallet created on a clean device and reset all active login sessions.
Never install unauthorized packages, and keep your software up to date.
Readers added context they thought people might want to know
Binance recommends updating iOS to the latest versions against worse_query, but researchers describe it as an unpatched 0day and Apple's iOS 27.2.1 notes omit any such fix.
github.com/forcequitOS/wo…
support.apple.com/en-us/149715
x.com/0xjohnny/statu…
Encro.Btc retweeted
A lot of people are hoping to make money from the memecoins created by the Binance hackers, just like $4 a year ago.
It’s not going to be that easy. 😅
One of them, $SINU, appears to be a game played entirely by the hackers themselves, with an implied market cap of $40–70 billion while being used to launder stolen funds. 🙏
All 6 memecoins were created on NEAR. Meanwhile, plenty of tokens with the same names have popped up on BSC.
They’re basically fakes of the fakes. 🤣
The hacker behind $4 created a meme to make money.
The Binance hackers created memes to launder money.
Two completely different stories. 😅
Encro.Btc retweeted
1/ An investigation into @Cupseyy, a trading "legend" who used his fame to extract $1.7M through side wallets in just a few months
