Bitcoin Expert Check Highlights for long-form pieces Author of 5 Bitcoin books PGP: DE9A 9438 F8B0 89DD AD17 82A3 99D0 75B8 9511 8988

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How do you like the sound of Secretary of Treasury @CynthiaMLummis?
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I'm confused, what "legal" problems does a country passing *legislation* to make #Bitcoin *legal* tender create? Is there some other jurisdiction that El Salvador has to get permission from first?
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Stuff CS departments should teach, but don't do very well: * Source control, esp. git * How to do effective code review * How to read API documentation * Publishing your own library * Command-line basics * Debugging and fixing for the long term * Refactoring w/unit tests
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Robinhood is a free/no-commission brokerage. If it's free you're the product. And guess who you're being sold to? Hedge funds.
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I don't think anyone is prepared for the insanity around the coming bull market. It'll be way crazier than you think.
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We live in a world where Joe Rogan can destroy CNN. #Bitcoin can and will destroy USD.
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We already get taxed 4 times for our income: Income Tax Capital Gains Tax Estate Tax Inflation The last one is the worst as it's never-ending. Now they want to add another one?
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You've been lied to all your life Your college is a reeducation camp Your food is poison Your money inflates at 6.75%/yr Your news is propaganda Your white collar job doesn't add value like blue collar jobs do Once you learn some truth, you can't help but see lies.
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Twitter refuses Musk's offer, Musk sells, Twitter goes into a long death spiral, shareholder lawsuits, most of the board gets replaced. Musk sweeps in and buys at a fraction of the price.
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"Elon, is that all you got?" - The #Bitcoin community For those of you that are new, you'll start to understand just how antifragile #Bitcoin is from here on.
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Just curious what the top 10 altcoins by market cap were 4 years ago. This is their performance vs. #BTC ETH -39% XRP -73% LTC -78% NEM -88% DASH -93% ETC -93% XMR -75% XLM -65% GLM -93% REP -92% Altcoin diversification is a waste of time
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So Argentina has abolished the income tax ahead of its presidential election in a last-ditch attempt to defeat the libertarian candidate who's leading in the polls. This proves: 1. They're printing money, they really don't need to tax you explicitly. 2. That inflation itself is a stealth tax that can be imposed without any legislation or transparency. The mechanics of money are going to become way more obvious to people going forward.
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Pardoning Ross is a promise fulfilled. Revealing that this was an act of the deep state is next level.
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In Bitcoin, I'm thankful for: 1. The developers who strengthen the software 2. The hodlers who amplify the store of value property 3. The community who protect the network through shared values Thank you for making civilization better through sound money.
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When Bitcoin is $100,000, are you really going to care that you bought at $8200 vs $7950? The decision to buy at all is much more important.
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Imagine getting 76 tails in a row in a coin flip. That's the current #Bitcoin difficulty for proof-of-work. About every 10 minutes some machine somewhere gets 76 tails in a row.
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#Bitcoin is in its 4th dip this year. 32%, 26%, 19%, 27%. Yet somehow, we're up 75%. Those that stay through the volatility have been rewarded.
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Bitcoin doesn't care if you have a PhD in economics, a tenured faculty position, have billions under management or started 5 companies. Companies don't control bitcoin, neither do academics, VCs or governments. USERS control bitcoin. That's what decentralization looks like.
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Are you ready? Because it's about to get real crazy the next few months.
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Proof-of-stake does not solve the Byzantine General's Problem. Therefore, it does not provide decentralized consensus. If you didn't understand this tweet, then you are completely unqualified to make any claims about proof-of-stake.
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Bear markets are great because we get rid of those that don't understand the tech and were just gambling. I hold because I believe in the technology and the economics. Go away until you have some conviction. Don't let the door hit you on the way out.
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It's crazy to me that people are risking their Bitcoin for a little more yield. Is 200% returns per year not enough? Why risk everything for that extra 7%? Most of these services do not make the risks clear and I suspect there will have to be more bankruptcies before ppl learn.
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Let me get this straight. There are $100M exploits, $1B rug pulls, CBDCs that will get rid of cash forever, people losing their life savings on crypto scams and somehow #Bitcoin Maximalists are the problem?
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The question I hope everyone will soon ask: If the government can just print money, why do we pay taxes at all? Going down that rabbit hole will eventually lead them to #Bitcoin
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In 16 days, #Bitcoin will become the hardest decentralized commodity to ever exist. Excited yet?
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When money's not scarce, everything else becomes scarce.
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Altcoins are all dependent on #Bitcoin. #Bitcoin does not depend on altcoins at all.
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You've been deceived. Your food is poisonous, not nutritious. Your news is mind-numbing, not enlightening. Your job is soul-sucking, not fulfilling. Your money is value-bleeding, not value-storing. Start by taking the power of money away from the elites. Start with Bitcoin.
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After 11 months of writing, I can finally announce that the book is available for pre-order on Amazon! I still have to get through technical review, but my hope is that the print book will be ready by SXSW in March. And yes, that's the honey badger! amazon.com/gp/product/149203…
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It's amazing how many people still believe that Ethereum somehow invented smart contracts and that Bitcoin doesn't have them. Such people should never be taken seriously again.
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My eyes won't glow until $100k, and not a penny under.
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Our government has stolen trillions in value from us to fund a war that did nothing but bring death and destruction to millions. #Bitcoin can't come fast enough.
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Why you don't want a blockchain - 1. Storage: Everyone has to store everything 2. Bandwidth: Everything has to be broadcast to everyone 3. CPU: Everyone has to validate everything 4. Development: Everything is 10x harder 5. Control: Everyone collectively has control, not you
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The Year is 2025 * Peter Schiff gloats after BTC drops 3% to $287,500 * Vitalik Buterin makes another hard fork announcement after ETH 2.0 delays 6 more months * IBM has yet to find a use case for Blockchain in Enterprise * Roger Ver is still crying about "Cash"
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Bitcoin Maximalists were not toxic enough. This is why people lost billions on Luna, Celsius, 3AC and more.
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I don't get the hate against @ParisHilton. Why do people assume that she's dumb or doesn't understand anything? You don't need a PhD to be smart. She's understood #Bitcoin faster than @jason, @PeterSchiff or @Frances_Coppola. That's evidence enough for me.
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If you own #Bitcoin, your best days are ahead of you.
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China completely banning #Bitcoin is the best news I've heard in a while. #Bitcoin thrives in adversity. (see 2013, 2017)
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Facts about @mcuban: * Is a boomer (born 1958) * Did an ICO called Unikrn and got sued in a class action lawsuit because it's down 99.5% * Was looking into running for president He thinks he can judge Bitcoin like it's on Shark Tank Mark, Bitcoin doesn't care about your opinion
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Canada is what you get when Karens get into power.
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"Career" is a euphemism for wage slavery. It's not something to aspire to, it's something to escape.
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USA: Pondering a trillion dollar coin to use as an accounting trick. El Salvador: Harnessing volcano energy to produce #Bitcoin. What's more honest?
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We've been waiting for the level-end boss for this cycle. I think we finally have one with the Canadian government. If they can't stop #Bitcoin from going to the truckers, I think we easily triple in price.
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Government is becoming more authoritarian and we're starting to see more shortages. This is not unrelated.
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Eventually, everyone capitulates.
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I expect Web3 will be rebranded soon. @jack has destroyed that narrative. In 6 months everyone at a16z will act like it doesn't exist. The lesson as always, VCs have something to sell you, they don't do anything from the goodness of their hearts.
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The money is fake, the profits are fake, the jobs are fake, the education is fake, the people are fake. Fiat money has deep consequences.
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Imagine how many more people would be in Bitcoin were it not for altcoin scams. Altcoins hurt adoption.
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Stage 1: Bitcoin makes you wealthy Stage 2: Bitcoin takes away power from the money printers Stage 3: Bitcoin gives power back to the people Stage 4: Bitcoin makes you self-sovereign Stage 5: Bitcoin builds civilization
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Bitcoin doesn't need DeFi Bitcoin doesn't need NFTs Bitcoin doesn't need Web3 Bitcoin doesn't need Metaverse Bitcoin doesn't need ICOs Bitcoin doesn't need Memecoins Bitcoin is money and it doesn't need to be anything else.
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Why Joe Rogan Avoids Bitcoin Discussions Joe Rogan has sidestepped Bitcoin discussions for the past seven years, despite previously hosting Andreas Antonopoulous multiple times. What's stopping him from inviting more Bitcoin enthusiasts? At the heart of it, Rogan simply may not be interested. Delving into Bitcoin discussions means wading into the relentless debates between Bitcoin and altcoin supporters. Every podcaster who touches on Bitcoin faces the pressure of giving equal time to altcoin enthusiasts. This tug-of-war is daunting, and Rogan likely prefers to sidestep it. Consider the case of Lex Friedman, who has faced criticism from both sides for trying to strike a balance. It's why Rogan doesn't have anyone on to discuss abortion, for example. It's a controversial topic and anyone you have on will destroy your standing with the segment that disagrees with you. Yet Rogan is an outspoken critic of fiat money, frequently discussing its flaws and potential for corruption. He acknowledges the problems with central bank digital currencies and even mentions Bitcoin in these contexts. His audience likely wants him to have guests on about this topic, and this is why he had Antonopoulous on before 2017. But the Bitcoin narrative became more complex around 2017 with the rise of venture capitalists and altcoin advocacy, the so-called scambrian explosion. Rogan's ignoring of Bitcoin is the result of this shift. He has a knack for sensing underlying issues, which has undoubtedly contributed to his podcasting success. Yet, Rogan's understanding of Bitcoin remains superficial. Until he fully grasps how it fixes the problems he sees, it's unlikely he'll feature a dedicated Bitcoin guest. While figures like Jack Dorsey and Adam Curry have tried to steer the conversation towards Bitcoin, Rogan refused to take the bait. It'll take a larger level of inflation or economic destruction for him to delve into this topic. The controversy will remain on Bitcoin versus altcoins and that's not something he'll be able to avoid. He needs more conviction before he'll talk about it on his show and that's not something he has yet. So instead of trying to bully him into having a guest on, just point out the obvious. Fiat money is the cause of a lot of the societal degeneration. Whether he gets it sooner or later will be up to him.
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Ways to be revenue neutral and buy Bitcoin: * Sell federal land * Sell unused federal buildings * Claw back billions that were sent to political cronies * Sell gold from Ft Knox * Privatize/Sell the Postal Service/Amtrak/TVA/etc * Lease mineral rights on fed land * DOGE savings
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Canada is about to get a lot more Bitcoin-friendly.
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2013: Silk Road 2017: BCH fork 2021: China Banning Mining Extremely Bullish
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I'd rather have plebs with conviction than fickle billionaires.
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#Bitcoin helped free me from materialism.
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Whatever you think of RFK Jr., but the man did his homework. Mad respect for learning what he has in just a year.
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Just about everyone dunking on SBF right now. Where were they 18 months ago? It's easy to dunk on someone on their way down. It's much harder when they were riding high. The only people that warned you 18 months ago were the #Bitcoin Maximalists. Still think we're toxic?
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Some noob, somewhere is buying XRP because it's cheaper on a per unit basis than #Bitcoin. Let that sink in. We're still way early.
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GM from El Zonte
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Too many people make a category error when it comes to Bitcoin. Bitcoin is not a tech play like Instagram where you have to constantly innovate to win. Bitcoin is a monetary play like gold where stability and security are what make it valuable.
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People that promote Proof-of-Stake as an alternative to Proof-of-Work never understood Proof-of-Work in the first place.
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#Bitcoin requires a lot of patience to really understand. Both nocoiners and altcoiners suffer from a lack of patience.
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Year of first contact: 1985 Computer 1994 Internet 2011 Bitcoin 2023 Nostr Yes, I'm putting Nostr at that level.
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Have you learned yet? 1. Twitter, Google, Apple, Facebook, etc. are trusted third parties. 2. Trusted third parties are security holes. 3. Bitcoin doesn't require a trusted third party.
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Did anyone even notice we had a 20% correction?
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Think about it this way, a 30% drop takes us to $23,000 I don't think anyone even blinks.
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If you have #bitcoin, you can walk away.
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My advice for Bitcoin noobs these days. If you're going to sell in 6 months when it doubles or halves, don't bother. If you're going to hold for 5-10 years, then yes, go buy.
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Where did a guy that was $8B in the hole get $250M?
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Bitcoin is not a technology Bitcoin is not PayPal. Bitcoin is not a database. Bitcoin is not a startup. Bitcoin is not some code. Bitcoin is more than all of those things. Bitcoin is money.
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First, no one "finds ledgers." They find nonces for blocks that satisfy proof-of-work. Second, your system doesn't have proof-of-work, so a halt in your system just means your centralized system is down. Third, it takes a lot of guts to tell Bitcoiners to shut up when you're so completely out of your depth. Everyone, the CEO of XRPL!
Yo Bitcoiners, stfu. No new ledger was found for 1h 4 minutes. This happened once and is being looked into. Meanwhile, we need 6 confirms for BTC per default, and you had multiple incidents with no new block for over an hour. Just stop crying. December 24, 2023 – A Bitcoin block took approximately 1 hour and 13 minutes to be found. This happened due to temporary drops in hashrate around the holiday period. October 16, 2023 – A block took over 85 minutes to be mined, which was one of the longest gaps in recent history. June 27, 2022 – A block took 1 hour and 49 minutes to be found, likely due to a sudden decrease in mining power. April 2021 – There was an instance where Bitcoin went for over 100 minutes without a block due to miners relocating after China's crackdown on Bitcoin mining. October 2020 – A Bitcoin block took over 2 hours to be mined due to significant difficulty adjustment periods. 2017-2018 – There were occasional instances where blocks took more than an hour due to high difficulty and fluctuating hashrates. (I chatpgt'ed the dates, if theyare wrong or there are more, let me know)
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Money gets too much respect and execution gets too little. Raising $20M doesn't make you a success. Neither does hiring a bunch of people or selling stuff you don't have yet. Ultimately you're judged by what you've made.
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Best things to eliminate according to my audience: Toxic people/relationships Alcohol/drugs News/politics Sugar Wage slavery Facebook
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When you're in debt, you constantly think about money. When you're saving, you have freedom to think about other things. #Bitcoin is freedom.
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#Bitcoin is a protocol, it's something anyone can use without any permission from anyone. Altcoins are platforms. You are the product and need permission from those that control the platform.
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The whole point of Bitcoin is that there's no one that can rug you. Every altcoin can rug you, this is why we say "Verify, don't trust."
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The more I study money, the more convinced I become that the world is about to embark on a bigger change than anyone imagines. The people who can anticipate these changes and act will be the biggest winners.
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Anyone else feel like $100k is way closer now that we're in the $20k's?
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The elimination of the WEF would change the lives of billions for the better.
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Every bull run, new people get excited that such-and-such celebrity is buying #Bitcoin. Don't. #Bitcoin does not need their validation. #Bitcoin does not need their endorsement. #Bitcoin does not need their money. They need #Bitcoin.
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#Bitcoin doesn't need to change. You need to change.
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You don't need sugar. You also don't need altcoins. Beef and Bitcoin
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7 Deadly Sins of Crypto Pride - not admitting u are wrong Greed - giving 💰 to scammers Wrath - buying or selling emotionally Envy - coveting other coins' gains Lust - investing in stuff u don't like long term Sloth - not getting in Deceit - lying to yourself b/c u have a stake
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Bitcoin: come for the technology, stay for the economics.
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Goldman Sachs endorses ETH just after they announce imminent proof-of-stake. They want the same unfair advantages they get in the USD system in ETH and the Ethereum Foundation gave it to them.
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El Salvador is safe. Here are some places where it's unsafe. Chicago - Murders daily NYC - Armed robbery in broad daylight LA - Homeless living in tents everywhere SF - Stores being robbed blind, defecation in the streets, drug use out in the open, etc.
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I'm calling it now. Next up: crypto dot com
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Just heard about this. Bitcoin has now surpassed silver as a store of value. BTC = $330B, AG = $320B hattip Mr. Voisine
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Announcement #3: I am writing a book for @OReillyMedia titled Programming Bitcoin! And yes, I want a honey badger on the cover.
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Buying something other than #Bitcoin is a bet against it.
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Bitcoin is to energy what AirBnB is to housing. Both make use of unused excess capacity. The people spreading FUD are shills for industry incumbents that want to limit competition.
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Want to contribute to Bitcoin as a developer but don't know how to get started? Sign up for my course, where you'll make your own Bitcoin library from scratch! You too can learn Kung Fu: nitter.app/udiWertheimer/status/9… Click here to sign up: programmingblockchain.com/
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Today, we learned that politicians are as ignorant about #Bitcoin as mainstream journalists... It really makes you wonder how many laws get passed that make lots of faulty assumptions and are done just for the sake of doing something.
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Here's something that's different this cycle. Alts are not claiming that they're going to replace #Bitcoin.
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Quantum computing is a scam like climate change. Lots of hysteria, terrible predictions, deceitful academic papers and rent seeking.
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Finally getting around to coding some Taproot stuff into my library. I knew that it was clever conceptually, but I now know the whole thing is designed very well. Good job #Bitcoin core devs and everyone who helped make Taproot happen!
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Imagine how hopeless everything would seem right now without #Bitcoin.
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Why do I get the feeling that in a month, I'm going to be told I'm a racist if I don't support the war in Ukraine?
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