"If we had a truth-in-Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: 'This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.'” ---- Walter Wriston, Chairman of Citicorp Bank [1982]; quoted in "The Creature from Jekyll Island #plebchain #Bitcoin
Whoa, the Snowden session was powerful… #plebchain #bitcoin
Bitcoin Conference Amsterdam is live and streaming. Got to see @D++ , @Jameson Lopp so far. The stream is available on the Conference website here:
I have thought about #Bitcoin every single day since I first learned about it years ago. #plebchain
I frequently think about the significance of a novel purely peer-to-peer version of electronic cash that allows online payments to be sent directly from one party to another without going through a financial institution and uses cryptographically generated digital signatures to establish ownership of value and validate legitimate transactions recorded in a unified and auditable ledger stored on a distributed consensus-creating network via a CPU-based proof-of-work timechain that self-regulates a fixed and eventually deflationary monetary policy regulated by game theory incentives and a difficulty adjustment; all of which consequently lowers the time preference of its users, promotes personal responsibility, elevates property rights, inspires optimism, highlights the value of truthfulness, reduces deceit, and is open to any human who has the baseline tech tools used to benefit from its permissionless, jurisdiction-free, utility if they chose to opt-in to this globally available digital and social network.
Sparrow Wallet: β€”β€”β€”β€”β€”β€”β€”- has clear documentation for using with your Coldcard hardware wallet (among others) and explains how to mix coins (UTXOs) for improved privacy #bitcoin #plebchain image
"Currency pegs always break." - @Caitlin Long quoted in Theimage Bitcoin Handbook, by Anil Patel.
If you're a #Bitcoin -er who had listened to various Bitcoin Twitter spaces, but now you're done with Twitter / X, you can find some of those Spaces broadcast on Nostr Nests. For example, this morning you could tune in to:
"Money is typically chosen by a market as the most liquid and salable thing whose value is defended by its inherent scarcity...#Bitcoin is absolutely scarce, and there is no level of scarcity beyond absolute scarcity." - Anil Patel, The Bitcoin Handbook image
"The quiet words of the wise are more to be heeded than the shouts of rulers of fools. Wisdom is better than weapons of war."