Today, I am releasing my first formal research paper: Credible Exit and The Law of Conservation of Blockspace. It shows the limit on users that Bitcoin layers can support in a "trust-minimized" way, and proves layers cannot actually scale Bitcoin. Blockspace.science
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I want a @michael_saylor and @elonmusk debate.
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Replying to @SenWarren
Stop lying to everyone. Prices are up because of monetary inflation. Stocks are up because of QE and inflation. Capitalism is the only thing holding things together.
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Replying to @JustinTrudeau
Do not go home. Do not give up. The state has turned evil.
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Did you know that the Cardano logo was made to look like an anus? The designer wanted to capture the shitcoin essence and show exactly where users will feel it when they get rekt.
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It’s so amazing that this photo exists.
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Bitcoin will never have positive media coverage until Bitcoiners start buying off mass media too.
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The most successful people I've met: 1. Lie constantly 2. Sold their soul 3. Are innately narcissistic 4. Are maniacally obsessed 5. Believe their own bullshit 6. Build sock puppet armies 7. Know very little 8. Constantly work to misinform 9. Take credit for the work of others
The most successful people I've met: 1. Read constantly 2. Workout daily 3. Are innately curious 4. Have laser focus 5. Believe in themselves 6. Build incredible teams 7. Admit they know very little 8. Constantly work to improve 9. Demand excellence in everything they do
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BREAKING: Bitcoin's largest and most divisive competitor, Ethereum, gave up competing for hashpower and fully transitioned to a corporate security today in what media is calling "The Merge." ETH prices fell 12% on the news.
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Today, I submitted a new BIP proposal for public review: Redefinition of the Bitcoin Unit to the Base Denomination Abstract This BIP proposes redefining the commonly recognized "bitcoin" unit so that what was previously known as the smallest indivisible unit becomes the primary reference unit. Under this proposal, one bitcoin is defined as that smallest unit, eliminating the need for decimal places. By making the integral unit the standard measure, this BIP aims to simplify user comprehension, reduce confusion, and align on-chain values directly with their displayed representation. Motivation The current convention defines one BTC as 100,000,000 of the smallest indivisible units. This representation requires dealing with eight decimal places, which can be confusing and foster the misconception that bitcoin is inherently decimal-based. In reality, Bitcoin’s ledger represents values as integers of a smallest unit, and the decimal point is merely a human-imposed abstraction. By redefining the smallest unit as "one bitcoin," this BIP aligns user perception with the protocol’s true nature. It reduces cognitive overhead, ensures users understand Bitcoin as counting discrete units, and ultimately improves educational clarity and user experience. Specification Redefinition of the Unit: Internally, the smallest indivisible unit remains unchanged. Historically, 1 BTC = 100,000,000 base units. Under this proposal, "1 bitcoin" equals that smallest unit. What was previously referred to as "1 BTC" now corresponds to 100 million bitcoins under the new definition. Terminology: The informal terms "satoshi" or "sat" are deprecated. All references, interfaces, and documentation SHOULD refer to the base integer unit simply as "bitcoin." Display and Formatting: Applications SHOULD present values as whole integers without decimals. Example: Old display: 0.00010000 BTC New display: 10000 BTC (or ₿10000) Conversion: Ledger and consensus rules remain unchanged. Implementations adopting this standard MUST multiply previously displayed BTC amounts by 100,000,000 to determine the new integer representation. Rationale Usability: Integer-only displays simplify mental arithmetic and reduce potential confusion or user error. Protocol Alignment: The Bitcoin protocol inherently counts discrete units. Removing the artificial decimal format aligns user perception with Bitcoin’s actual integral design. Educational Clarity: Presenting integers ensures newcomers do not mistakenly assume that Bitcoin’s nature is decimal-based. It conveys Bitcoin’s true design from the start. Future-Proofing: Adopting the smallest unit as the primary measure ensures a consistent standard that can scale smoothly as Bitcoin adoption grows. Addressing Alternative Approaches Refuting the "Bits" Proposal (BIP 176) An alternative suggestion (BIP 176) proposes using "bits" to represent one-millionth of a bitcoin (100 satoshis). While this reduces the number of decimal places in certain contexts, it fails to fully address the core issues our BIP aims to solve: Persistent Decimal Mindset: Using "bits" still retains a layered decimal approach, requiring users to think in terms of multiple denominations (BTC and bits). This shifts complexity rather than eliminating it. Inconsistent User Experience: Users must learn to toggle between BTC for large amounts and bits for small amounts. Instead of providing a unified view of value, it fragments the user experience. Incomplete Alignment with the Protocol’s Nature: The "bits" proposal does not realign the displayed value with the integral nature of Bitcoin’s ledger. It continues to rely on fractional units, masking the fundamental integer-based accounting that Bitcoin employs. Not Permanently Future-Proof: Though "bits" may simplify certain price ranges, future circumstances could demand additional denominations or scaling adjustments. Our integral approach resolves this problem entirely by making the smallest unit the standard measure, avoiding future fragmentation. In essence, while BIP 176 attempts to simplify small amount representations, it only replaces one decimal representation with another. By redefining "bitcoin" as the smallest indivisible unit, this BIP eliminates reliance on decimal fractions and separate denominations entirely, offering a clearer, more intuitive, and ultimately more durable solution. Backward Compatibility No consensus rules are altered, and on-chain data remains unchanged. Differences arise solely in display formats: For Developers: Update GUIs, APIs, and documentation to present values as integers. Remove references to fractional BTC. For Users: The actual value of holdings does not change. Transitional measures, such as dual displays or explanatory tooltips, can ease the adjustment period. Security Considerations A short-term risk of confusion exists as users adapt to the new representation. Users accustomed to decimals may misinterpret initial displays. To mitigate this: Offer dual displays and tooltips during the transition. Provide clear educational materials and coordinated messaging. Use alerts or confirmations in applications if input values appear unexpectedly large or small. Over time, confusion will subside, leaving a simpler, more intuitive understanding of Bitcoin’s integral values. Reference Implementation Some wallets, such as Bitkit, have successfully adopted integer-only displays, demonstrating the feasibility of this approach. Transitional features—like showing both old and new formats side-by-side—can help smooth the transition. Test Vectors Old: 1.00000000 BTC → New: 100000000 BTC (or ₿100000000) Old: 0.00010000 BTC → New: 10000 BTC (or ₿10000) Old: 0.00500000 BTC → New: 500000 BTC (or ₿500000) All formerly fractional representations now directly correspond to whole-number multiples of the smallest unit. Implementation Timeline Phase 1 (3-6 months): Introduce the concept, provide dual displays and educational materials. Phase 2 (6-12 months): Prominent services adopt integer-only displays by default. Phase 3 (12+ months): Integer representation becomes standard. Documentation and user guides no longer reference decimal-based formats. Conclusion Redefining the "bitcoin" unit as the smallest indivisible unit and removing decimal-based representations simplifies comprehension and aligns displayed values with the protocol’s integral accounting. While a transition period may be necessary, the long-term benefits include clearer communication, reduced confusion, and a more accurate understanding of Bitcoin’s fundamental design. Copyright This BIP is licensed under CC0-1.0. github.com/BitcoinAndLightni…
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Just thinking about fucking *Twitter* is adding Lightning Network before Coinbase & Kraken… How embarassing! 🤡
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Replying to @realDonaldTrump
What you call money, we call slavery. What you call thin air, we call math. What you call unlawful behavior, we call freedom.
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Bitcoin is triggering Elon so hard.
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How cringe will this be, on a scale of 1 to 10?
JUST IN: 🇺🇸 Donald Trump to speak at #Bitcoin convention in July.
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Bitcoin will use the power of 7000 countries by the year 2030.
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Satoshi didn't use a seed phrase.
Over 19.8 million BTC are protected by these words. 12-24 of them hold Satoshi's 1 million BTC stack. All you have to do is guess which ones... Entropy is cool.
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You fukn idiots let Grayscale accumulate 500k BTC.
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My mother is gonna kill me!
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Every Bitcoiner is asking their boss if they can get paid today.
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Why though? Like, who actually benefits from this?
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I am starting a campaign to convert all proof-of-stake money to proof-of-work. PoS projects have caused billions of dollars in losses to their users and lined the pockets of elite scammers. It has to stop. Change the code!!! #changethecode #proofofwork
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🖕NEW! John Carvalho interviews Roger Ver! #bcash piped.video/watch?v=OJT2CbfH…
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Haha I just noticed altcoins aren’t really bouncing with Bitcoin. Excellent.
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So, like, all the South American governments are wearing laser eyes in the same week. Surreal.
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Muted @Nouriel & @PeterSchiff, both irrelevant trolls trying to exploit Bitcoin for attention. Stop giving it to them and stop polluting our feeds by interacting with them plz.
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Meet @JohnCarvalho. We have the same name, but recently some shitcoiners tried to use his misfortune to smear my reputation. John has a new baby girl and lost everything on Celsius. So I am asking you to help by donating some BTC to him here: 3Q5m2LTLZABvELbqUvSRmQnFFA8z2vP2qb
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Can't wait for LTC to take over BCASH!!! #TheFlappening Arise chikun! So funny. @SatoshiLite
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So is El Salvador the country with the strongest local currency now?
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Quantum Bitcoin fud, an oldie, but goodie.
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I wouldn't believe Craig Wright is Satoshi even if he moved the fukn coins.
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Some friendly advice for @ToneVays: Maybe don't reveal that you shorted the bottom by using an exchange you aren't allowed to, then shill that exchange to your fans, get banned, then reveal half your success comes from that process, then ask people to pay double for your advice.
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My new restaurant chain is called Fiat Pizza that only accepts Bitcoin.
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This is, by far, my favorite bear market in my 10 years here. Everything is burning and all I am is excited.
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Ethereum, the kidney stone of the digital economy. This too shall pass.
calcium oxalate crystal (kidney stone) at 8,000x magnification
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Imagine how Satoshi would feel if you told him that all the Bitcoin was held at exchanges, banks, and the elite, and that all we managed to accomplish was an upgraded banking infrastructure over Lightning. Now tell me why you think we are not on that path?
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I wanna take a moment to point out that despite all the "trolling" in #Bitcoin, we very rarely see people attacking each other for how they look, their race, or religion, etc. We are largely merit-based in our discourse, and ya'll should be proud of that.
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Forgot about this one. $luna
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It's a good day to add Bitcoin to your balance sheet.
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It was really nice of Bukele to give everyone in El Salvador $26 in BTC today.
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This is so confusing... Payment method: "lightning" 966.1751684664201 SATS per dollar?! wut
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3 years ago, I began a journey to make tokens on Lightning a reality. Today, we reached major milestone, creating the first Tether (USDT) ⚡️Lightning channel and transaction! Video below!
Witness the first #Tether stablecoin transaction in a ⚡️Lightning channel! @OmniBOLT @Omni_Layer @tether $USDT @Synonym_to piped.video/watch?v=MfaqYeya…
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As a follow-up, these interviews are very difficult for me. I know I'm not perfect & I certainly don't know everything, but it's important to me to protect Bitcoin, even if it means showing my ass. Thank you for your support, I hope you are still there for me when I fuck up too.
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So, the Biden laptop was always real, always showed Bidens in bed with Ukraine, was never misinfo planted by Russia, probably lost Trump the election, and now Biden is constantly funneling billions to Ukraine... and there is no investigation or anything being done?
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Imagine having a shitcoin so worthless that the most valuable thing you can do with it is burn it.
FULL STORY: XLM's price surged 14% after @StellarOrg announced it had burned more than half of the cryptocurrency's supply. CEO @DenelleDixon says the foundation didn't need all the tokens it was sitting on. ow.ly/Tqg550x1Wbg @BradyDale reports from Mexico City.
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Elon Musk can remain irrational longer than you can remain solvent.
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Pomp is slaying lately for mainstream Bitcoin. Thank you, @APompliano.
Love this clip of @APompliano explaining the importance of #Bitcoin to @stoolpresidente 🔥🔥🔥
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Fuck the mainstream. Fuck mass adoption as a design goal. Bitcoin is punk rock. If you can't take the heat, get the fuck out the kitchen.
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Good morning, @APompliano promoted this. Reputation is more important than fame, followers, or wealth as measure of trust. If people are exploitative & often wrong, stop listening to them. It doesn't matter if they are nice if their mental models and incentives are off. 1/2
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Helloooooooo to all the newly minted Bitcoin Maximalists! Welcome to the first day of the rest of your life.
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Wtf is this garbage, @cryptocom? Stop targeting noobs, it is evil! Add Lightning Network support instead.
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Let’s be real, you are there to sort out how you can inject shitcoins into the mix. You are an infiltrator, not a delegation. @nayibbukele, you can’t trust shitcoiners, they have their own agenda.
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Hey Satoshi, it'd be pretty cool if you key-signed a message saying Craig is fraud. Just saying.
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Remember that time the guy from The Big Short said Bitcoin was in a bearish "head and shoulders" chart pattern and then BTCUSD went to all-time-highs? That was great.
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"I think we can do better than Lightning" ~Jack Dorsey, 2025
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Elon met with the miners, everything is cool now. All hail the technoking.
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.
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Hey @coinbase, in what paradigm does it make sense to withhold customer bcash tokens, release a market without liquidity, and delay #segwit all the while? Y'all are a buncha fuckfaces.
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I am thankful for Do Kwon and Terra for giving us such an excellent story to reference and use as a lesson to future shitcoin-ponzi believers. All popular narratives in "crypto" are built with ponzi schemes as their engine. How embarrassing to be involved!
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Make Bitcoin Tax-Free
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Ethereum will be pretty much dead in 5 years.
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Replying to @SenWarren
All you deliver is lies. Bitcoin is the people’s money and you will never stop it.
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"Use something else" is not form of scaling. Liquid is not Bitcoin. It is not "on" Bitcoin. It is not a "layer" of Bitcoin. There are no bitcoins "in" the Liquid network. You cannot pay anyone in bitcoin while using Liquid. Liquid is an entirely separate blockchain, like Ethereum, except instead of miners they have a permissioned system for becoming a member of a federation. When people want to use Liquid, the federation uses a trusted method to convert and hold your real bitcoin to exchange it for the Liquid altcoins. When you want to leave liquid, you require permission of another party to convert it to real Bitcoin again. Now, none of this means Liquid is evil, nor that people that use it are evil. It just means you are using something other than Bitcoin and thus something that COMPETES with Bitcoin. Using Liquid to save on fees is the same as using Bcash or Litecoin to save on fees. Using other things than Bitcoin is a valid way to solve your personal fee problems, but not a way to solve Bitcoin scaling or adoption problems. If Liquid were to become popular, it would be easy to regulate it, shut it down, censor users, etc. It is more like a banking/exchange cartel than an open system.
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This is the absolute worst thing they could do to us. If you want to rebel over something, this is it. KYC internet access is maximum dystopia. We would lose ALL digital freedom.
The World Economic Forum wants to force you to use ID to log onto the internet
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You don't have enough bitcoin.
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Withdraw your Bitcoin.
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Sorry, shitcoiners, it literally says Bitcoin.
Replying to @nayibbukele
I’ve just sent the #BitcoinLaw to Congress 🇸🇻
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Bear market can't end until: 🔳 Saylor is underwater 🔳 UST/Luna ponzi explodes 🔳 Jeremy Rubin gives up on CTV 🔳 Defi marketcap is 95% down from peak 🔳 Twitter removes NFT feature Sorry, I don't make the rules!
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Okay I am done with Bitcoin Magazine, BTC inc, and all of its people, projects, and events. Boycotted, blacklisted, and blocked. All management needs to be replaced, and, really, new ownership is probably needed.
This is a sponsored article on @BitcoinMagazine. That means at a certain price, you can pay them to promote any shitcoin you like on their website. bitcoinmagazine.com/sponsore…
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I just sent $1478.51 in BTC to the #WeAreAllHodlonaut defense fund. This is currently all of the profits from selling the space cat merchandise at @BITCOINTELPRO.
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Shitcoiners: Shitcoins are very profitable & popular! Bitcoin maximalists: Okay but you're exploiting ignorance to make people poor. Shitcoiners: But so many people are doing it, you should too! Maxis: No, I have integrity & want to be a positive force. Shitcoiners: tOxiC!!!
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If Bitcoin falls to $50k, will you be okay? If Bitcoin falls to $35k, will you be okay? Are you okay right now? Stay okay. Don't trade.
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I don't think Bcash should have an itcoin.
I don't think Bitcoin should have a core.
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Someone check on PlanB
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I've been in crypto for more than 6 years now, and promising interest has NEVER been a good sign. Run.
BANG BANG! @TheRealBlockFi is launching a Bitcoin and Ether deposit account today where you get paid 6% annual interest, compounding monthly, paid in cryptocurrency. Bringing the HEAT on a Tuesday 🔥🔥 offthechain.substack.com/p/i…
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Good morning, Satoshi was a noob. There are objective errors and half-baked ideas throughout the writings of Satoshi Nakamoto. Like all of us, he was not perfect, and even today, pretty much no one can confidently and clearly describe all of the dynamics involved within Bitcoin and how it interacts with reality. It takes years to grasp Bitcoin. It takes a decade to confidently propose new ideas about Bitcoin (as an expert). No one knows how long it takes to master Bitcoin because no one has. So, do not accept people referring to the Bitcoin whitepaper or Satoshi's various writings as an authority or any sort of validating evidence of an idea. Satoshi was not Jesus, nor was his word gospel. Sometimes what is best for Bitcoin and for you will conflict with what was written in the past, because, after all, Satoshi never even reached 10 years of Bitcoin experience before he disappeared. This also applies to modern popular Bitcoiners regardless of their prior fame or success in other industries. The newer they are to Bitcoin, the more naive their ideas will be. Do not idolize anyone, instead, look for experienced role models. Then become one.
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EVERYONE must endure the brutal Bitcoin rite of passage of a bear market where their investments are severely under water. This includes Elon, Jack, and Saylor. And you.
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I think they are lying about how many people are vaccinated.
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PayPal is not selling BTC, they are selling "PayPal BTC" and, like all custodial BTC, it might not even exist. They are also selling shitcoins. So it'll be our hard work re-educating all these people, and getting spit at in the process, as usual.
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📺Watch me interview Charlie Lee next Wednesday! ❓What questions would you like answered? @SatoshiLite @BitcoinErrorLog @XotikaTV #bitcoin #litecoin
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I will happily endure an extra mini bear market to $30k to wipe out these bitcoin treasury fuckers. My tolerance for this shit is gone.
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There is still time to exit your JPG positions.
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What is the actual logic behind collecting taxes and giving money to all taxpayers concurrently?
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If people do not want the exposure of their Likes, they already have a privacy option: don't Like the post. So, what is the real goal here, to fake Like counts?
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Replying to @BrendanBlumer
What if EOS didn't exist and we had a $4b budget for educating and advancing Bitcoin & Lightning? #ftfy
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A subset of Core devs are currently trying to attack Bitcoin by forcing a pet agenda to make all transactions RBF by default. This attack includes bitcoin-dev mailing list lies and lobbying, code changes in Core node, and bribery attempts to miners. 1/5
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Good morning, Bitcoin.
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Things i remember: - Bitcoin Magazine picking itself up from irrelevance with a cool new brand, bitcoin-only content, and growing the team with successful fan conferences - The NFT shitcoin cycle trapping and rekting thousands of enthusiastic newcoiners, while enriching some of the most scammy and corrupted people in crypto I understand that some people at the top of BTC Inc (BM) wanna remain "open-minded" psuedo-shitcoiners, but as someone specialized in branding, and as someone dedicated to Bitcoin., I want you to know you are fucking things up and allowing your brand to corrupt itself when you shill this crap and warp your values to include it. We already lost so many Bitcoin web hubs to corrupted entities: bitcoindotcom, the bitcoin X handle, etc. It would be depressing to watch BM fade into evil or Bitcoin irrelevance. Please adjust course and remove the leadership that changed it. Also, please note that your cover for this issue is not funny or cute to Bitcoiners, and only appeals to "degens" (scammers and their fans) and is an exact example of going off course to attract bad incentives. Thank you for reading.
Replying to @thebtcmag
And just like that, we completed the SPAM collection (for now). ordinals.com/inscription/177…
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Bitcoin will hit $500,000 next week. Follow me on Twitter.
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Replying to @_Kevin_Pham
Not as dead as your reputation.
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Sorry, but I don't believe one goddamn thing China says about Bitcoin or what is happening there about Bitcoin, trading, mining... None of it.
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Good morning, a decentralized blockchain does not have a roadmap.
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ALL YOUR INFLATION ARE BELONG TO US
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He also said to buy a dog coin at the top, and shilled an ICO that dropped 99% in value, but sure, follow his advice, more BTC for me!
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