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Simple but great point on the relationship between trust minimization and social scalability of a protocol as Bitcoin.
Read your Szabo, kids.
Replying to @Ragnarly
It had trust minimization in the protocol even though the small community in 2010 probably could have trusted each other. Such protocol is what made it socially scalable, not that community. A village-sized trusting community in 2010 won't grow into a much bigger such community.
dremann π𦑠retweeted
Replying to @RealJimChanos
The Dave Ramsey mind virus has a lot of casualties π΅
In retrospect, it was inevitable.
#Bitcoin
dremann π𦑠retweeted
Successive 10:1 are the way to do this. Human brains will be able to easily calculate through splits, the risk of oversplitting is lower, and the split becomes a marketing event for NGU, somewhat like the halving with #Bitcoin.
dremann π𦑠retweeted
ποΈGeorge Orwell's predictions are coming true...
Today, on the 75th anniversary of the genre-defining book 1984, we dive into five of Orwell's 1984 predictions that are coming true.
WATCH‡οΈ
Orwell's predictions are coming true
Thereβs no denying the phenomenal literary value of 1984, but what is so deeply concerning is that a piece of political fiction intended to guard against a nightmarish future is fast becoming reality.
dremann π𦑠retweeted
Going Dark: The war on encryption is on the rise. Through a shady collaboration between the US and the EU. π§΅1/11
mullvad.net/why-privacy-mattβ¦
vibes
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approval of an ETF doesnβt change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog
ecb.europa.eu/press/blog/datβ¦
Readers added context they thought people might want to know
Chainalysis found that only 0.34% of the transaction volume with cryptocurrencies in 2023 was attributable to criminal activity. Bitcoin's share of this is significantly lower with 25%. Illicit transactions with Euros accounted for 1% of the EU's GDP or β¬110 billion in 2010.
chainalysis.com/blog/2024-crypβ¦
transparency.eu/priority/finanβ¦
dremann π𦑠retweeted
Welcome to Covenants 101, with a focus on CTV.
What are they? Is this an attack on bitcoin? Can the government lock up all our coins?
Without an accurate mental model of what's actually going on, it's hard to reason on what they can and can't do.
So let's walk through it. π©π
dremann π𦑠retweeted
Please SIGN THIS PETITION for the immediate pardon and release of Julian Assange, the publisher and activist who founded WikiLeaks and is now in jail facing life imprisonment and extradition. Heβs a heroic whistleblower who stood up for democracy and against the surveillance state. Itβs time we stood up for Julian Assange the way he stood up for us.
If you agree, sign this petition now to pardon Julian Assange:
β‘οΈ kennedy24.com/assange
The bank runs will continue until the money improves.
#Bitcoin
dremann π𦑠retweeted
Replying to @ryQuant
Once $MSTR re-captures ATH it will have to be the most insane round-trip in all of documented financial history.
I can't imagine any other company with a share price history that could match it in terms of magnitude of runup, drawdown and its length (25 years+).


















