IBM in 1979:

If you’re an insurance company, and you buy $1,000,000 of bitcoin, you have to write $1,000,000 down off your balance sheet surplus. Which impacts your reserve ratios. Buy $1,000,000 of a $MSTR convertible bonds, take no write down, and get Bitcoin upside.

The manager at @SteaknShake saw that I paid in bitcoin, and asked me to explain how it works to people while they were eating, and now I’m running a bitdevs inside of a steak and shake.

I gave out hundreds of dollars of bitcoin to my friends in 2013-2014. I had them download a mobile wallet and told them to back it up. The only person who had that bitcoin 10 years later is someone who set up a Coinbase account for me to gift him bitcoin. Something to ponder.

I think Shane Gillis is handsome.

The first legitimate threat to #Bitcoin emerges

Incredibly well said. After Romney casted as an unreasonable radical, disregarding the media was the only way to engage in politics as a Republican. Trump is a life long media person, he plays the game better than the press, and they hate it.

I heard OTC desks are running out of dollars because there is so much Bitcoin selling going on.

The biggest crime Ross Ulbricht committed was not having a parent who was president.

"Biden said he was shot" "We're just looking for a reliable source"

There will only ever be 205 million shares of MSTR. Until tomorrow.

YouTuber does a video about saving money by going to Costco and carving up your own Ribeye. He did the same video a year ago. Notice anything different? 🤔

This will come as no shock to those in bitcoin, but insurance companies by law can’t really recognize Bitcoin on their balance sheet at all if they hold the direct underlying spot. $MSTR is enabling a compliance hack to get Bitcoin price exposure as an admitted asset.

Looks like @jespow just donated 1 bitcoin to @HonkHonkHodl donation to the Canadian truckers. Link to donate: tallyco.in/s/lzxccm/

Agree to disagree @DaveRamsey. I bought and held #bitcoin in 2013 knowing that it would continue to appreciate in value. I did not think that it would be quick, and anyone who has held for 10 years will tell you its not easy.

Wife dragged me out of the house to socialize

Bitcoin works because of Greed, not Altruism.

You insinuated that his children could be in danger. You are not doing journalism, you are intimidating protestors and trying to stifle a democratic movement. I'm donating $100 in bitcoin to support the truckers via @HonkHonkHodl. I hope it finds its way to this man.

There are 0 pictures on the bitcoin block chain. Bitcoin stores arrays of bytes in scripts, witnesses, and outputs (op return). For it to be in any other format (picture, video, gif etc), requires extra software to transform it. Thank you for your attention to this matter!

If you bought bitcoin before today you front ran all world governments to a bitcoin standard.

"The science says taking boner pills has no impact on my ability to get bones while I'm sleeping" 🚩

nitter.app/MaxBoot/status/1317186… Twitter is a private-sector company and they have no obligation to pass along possible Max Boot disinformation. Buy it yourself or build your own if you don't like it Max!

Had dinner with a bunch of Bitcoiners, methods people paid me for their part of the check: 1. Zelle 2. Cash 3. Credit card 4. USDC on Solana 5. And @brian_trollz never paying me

Today is a major milestone in the 18+ months of work @BeccaAmilee and I have done, building @AnchorWatch. We have closed our $3 Million dollar seed round led by @Ten31vc to build out our Insurance Program and Custody Platform Trident Vault! prnewswire.com/news-releases…

Some of you really "hyperbitcoinization" would happen without institutional adoption? What, $1M bitcoin by using it at farmers markets and bake sales? Did you think all the companies/governments were just going to ignore it?

All in on Bitcoin, and still feel so short.

“Instead of capital gains right?”

100% on the first sentence, 0% on the second.

Man, ETH conferences are something else in 2024.

Today we are launching the Testnet Open Beta of Trident Vault, the Bitcoin coordinator solution we have been building at @AnchorWatch for more robust enable more robust Bitcoin Security by leveraging miniscript. Check it out! TridentVault.com More Details Below 👇

True story, I was thinking about starting to work in Bitcoin full time, after following the industry for years, and @americanhodl8 told me, "Rob you're a smart guy, why don't you start a company instead of working for someone else?" With that, @AnchorWatch was born!

I'm not sure you guys understand. If the biggest bearish narrative in Bitcoin right now is Quantum Computing... We are going so much higher.

Me after writing 2,500 words to a Lloyds underwriter explaining why ETH is less secure than BTC and linking to multiple twitter threads and bitcoin podcasts explaining in even further detail.

“THE HALVING IS PRICED IN” - @nic_carter

that kid will be laughing all the way to the digital bank of bitcoin

My mental model was wrong in the whole BTC vs ETH melodrama thats played out for the past decade. I thought there would be some catastrophic blowup that would be because of developer hubris, causing the network to unwind in a spectacular blowup. The reality is much more sad. Its just being shuffled aside for honest face up casinos like Solana trading "honest" scams like a meme coin. No company/roadmap/dev salary needed, just let people speculate and there is no care if it goes down a couple times a year. No one cares about decentralization for pump and dumps, they just want quick time to liquidity. ETH is dying not with a bang but with a whimper.

In March of this year, I founded an insurance company, @AnchorWatchRisk. Our mission is to transform how #Bitcoin is treated in insurance. Today, custodians offer fractional reserve insurance, and are single points of failure. We can do better. Check out how 🧵👇 1/25

100,000,000 sats in a bitcoin. We have ossified on this.

This man lost billions of customer deposits. Why does the media venerate him? Simple. The people SBF hurt are not respected members of elite social circles. Also, SBF "donated" millions to their pet causes.

“If I had 80,000 BTC, I wouldn’t sell a single sat.”

Given the metals nowadays are 1% or less actual gold, biting on the coin does not even have the original intended effect.

What a waste @bitcoinpark_ , why order all these boxes of pizza when you could just divide one pie infinitely? 🤔

Grown men will literally build a new blockchain and do expensive product launch videos instead of just buying bitcoin.

its a larp until they bring back the beef tallow fries

I quit my job 5 months ago. My goal was to refocus my priorities so that I could focus on what was important in life. ✅ More time with my kids ✅ Be healthier ✅ Time to read and write ✅ Tinkering/Prototyping ideas Thank you #Bitcoin for the opportunity and inspiration.

I've now been banned from the Knots Telegram channel by @GrassFedBitcoin where I earlier today saw @LukeDashjr that he plans his fork being enforced because all mining pools who disagree with him will be thrown in jail. The debate is over. Enough is enough. These are attackers of the network willing to throw people in prison to exert their will on the network. If you don't explicitly reject their fork efforts and their actions you are actively complicit with a lawfare style take over of the Bitcoin protocol.

Not as much as your credibility going 90 in a 35 while kids are playing.

$250 Million dollars to buy up Coinbase's order book to hit 100K. 3,500 BTC between here and 100K

Huge fan of @SparrowWallet, it is a labor of love from @craigraw. He listens to his users, sets the standard for technical UX, and is often first to ship feature sets among wallets. A model developer and product of Bitcoin!

You missed the point of snarky corporate accounts. You only get to be sassy if you are providing value.

The final bear market sacrifice has been made.

Prob gonna hurt your boner stats

Just got the @COLDCARDwallet Q, and it’s trying to destroy my marriage.

Submit a pull request to the wallet that made this push notification because block subsidies aren’t spendable until 100 blocks pass.

>coinbase launches crypto chocolate bar >it contains seed oils Can’t make this stuff up folks.

The more I think about it, the more I realize the source of the subconscious anger that comes from with those suffering from jpg derangement syndrome. @rodarmor out cypherpunked all of the influencers. He didn’t ask for permission, he “shipped it and ripped it”.

Yeah I also feel overwhelmed when I skip doing my job for 4 years.

"Bitcoin Meetup at a Bar" using @midjourney

New bitcoin formal wear just dropped

At the part of my Wife’s work party where I explain multisig to her coworkers: So in Bitcoin you can split your access across many keys. Huh? You know Harry Potter? Yes! It’s like horcruxes. OHHHHHH

One ~400 million dollar insurance policy covers all the crypto at Coinbase. Tens of billions worth of Bitcoin in publicly traded ETFs share an insurance policy with your cousin’s Dogecoin he bought and left on Coinbase after Elon tweeted about it.

Proof of steak

Publish a retraction. Twitter threads aren’t sufficient for updates when you publish articles that get misappropriated by senators. Not a stealth edit or editors note on an old article, a proper retraction like journalists used to do.

lol, so military coups are ok now in the name of deficit spending?

I have now fully open sourced the code which creates this on-chain BIP-444 futures contract! The contract starts with an atomic deposit into the contract address of 1 BTC each (to make sure both parties put in the same amount into the contract address). Context: BIP-444 makes the use of OP_IF & OP_NOTIF consensus INVALID upon activation. The contract is built as follows: The taproot address uses the NUMS point as described in BIP341, to provably show the key path is not active. We have two parties, a "YES" (444 activates) and "NO" (444 does NOT activate). YES and NO for short. The first leaf is a 2 of 2 multisig of both parties. This exists to be able to self send the UTXO AFTER BIP 444 activates. This is because BIP-444 just added a clause that UTXOs created before activation will NOT have the BIP-444 consensus rules applied to them. This self send removes that exception. The second leaf: has 2 ways you can spend with it, a 2 of 2 (YES and NO) multisig, just like the first leaf OR the NO party, with a time lock which is LESS THAN the third tap leaf. This is important because it uses OP_NOTIF The Third Leaf: The YES party can spend, after a time lock AFTER the second leaf. The order of the timelocks is important. If BIP-444 activates, the spending condition that can spend before you will be consensus invalid, so it doesn't matter if you believe 444 activates. So to summarize: - If BIP-444 DOES activate, the party who believes it will be able to use the second tap leaf to get 2 BTC out. - If BIP-444 DOES NOT activate, the party who believes that will use the third tap leaf to get 2 BTC out. Since each side is highly confident in their position, the fair market price is a 1:1 ratio, implying 50% likelihood. With 85 days until activation, this contract as written gives you an implied ~430% APY on your bitcoin! The risk is being incorrect on your opinion of BIP-444 activating. You could modify the collateral each side puts up to get different implied odds of the futures contract as well. Code and example address below 👇

inb4 he goes through the archives to mock your dress from 8 years ago to claim victory

ETH people are saying they are going to take people to court if they inscribe their monkey picture on Ordinals. They are losing their mind 😂😂😂

We have @Dennis_Porter_ out here adding 20 states to the union. What have you done to help bitcoin anon?

Dems find it fair to speak about republicans are the party of Jan 6, but chemically castrating children is just a policy plank they can swap out.

I was recently connected to a friend of a friend. Her husband was into Bitcoin, but he suddenly died. She was left with a vague set of instructions on how to get funds. Please don't have your spouse tragically become a window and have to juggle grief while recovering wealth.

You’re telling me the same Coinbase that had Charlie Lee as CTO who got Litecoin listed and then dumped on retail, had an employee list a coin, used Coinbase to promote it, and then dumped on retail?

The situation with Bitcoin development is so much better than I can discuss publicly. People tell me things in confidence and I have to respect that and you'll just have to take my word for it. It's completely in control.

For anyone who thinks BIP 444 will activate, I will happily offer you an ability to make more bitcoin. We each deposit 1 BTC into a taproot address with two spending conditions: 1. Time locked so that you can withdraw June 1st next year at a depth of 1 in the tap tree. 2. Time locked so I can withdraw May 1st next year at a depth of 128 in the tap tree. If BIP444 activates, you get 2 BTC out of the address (because my spend path would be consensus invalid). If BIP444 does not activate, I get 2BTC out of the address. DMs are open, we can use a dedicated escrow agent as third key if necessary, would obviously provide auditable code to show there are no tricks. We can also atomically fund the transaction using a multi input transaction into this taproot address to guarantee all parties fund the address. Only condition is the bet is public. Willing to consider odds if you're of lower conviction.

My wife sent me to the local farm stand to pick up vegetables. Chatted up the rancher who owns the stand and ordered a whole cow and whole pig. I’m now banned from going to the farm stand 😔

Happy Killdozer Day to all those who celebrate!

Me reading /r/wallstreetbets and bitcoin twitter losing their minds over MSTR

Just raised a $3M seed round. Thought it would be fun to take it out as bitcoin for a picture.

You: OMG BITCOIN CRASHED TO 78K 😭 Me:

Insurance by sector is the most under allocated to bitcoin and has been locked into traditional fixed income for a long time. Now they are starting to see the bright orange light.

Satoshi was supportive of arbitrary data being added to the chain. mmalmi.github.io/satoshi/

If you worked hard to retire early so you can eat weed gummies and play video games, you are a loser.

Me cornering my wife as she enjoys her morning cup of coffee to explain why my entire understanding of Satoshi had changed in the past 90 minutes

When @BeccaAmilee and I founded @AnchorWatch in 2022, we had a contrarian vision about Bitcoin's future, insured custody. On Bitcoin's 16th anniversary, I want to share our perspective, that we're continuing to refine over the past 3 years. @AnchorWatch is fundamentally a Risk Distribution company. Our vision centers on how technology and capital intersect with risk distribution. In short, our Trident Vault custody technology when combined with Lloyd's of London insurance policy, is a powerful flywheel. Keys are distributed not only across counter parties, but across time as well. This is done in partnership with a Risk Tower that distributes risk across multiple insurance carriers. These two forces create a powerful flywheel: distributing both keys and capital strengthens the ecosystem's ability to protect Bitcoin and drive financial innovation. Key distribution is risk distribution. The entry level of this paradigm is a multisig, where all keys have equal weighting. Multisig has been around since 2012, and for sovereign individuals provides a lot of flexibility & privacy. If you wish to have a counterparty in your transactions though, it is insufficient governance control to mitigate all the risks you should be concerned about. First, you have to have counterparties at the signing threshold, minus one key, to make sure you can never be stolen from. If set up this way, you require 100% of your signing material to be sovereign, very fragile! Additionally, there is only one acceptable policy in which your coins can be spent, the N of M multisig (N signatures, M total devices). Same at day 0 until the end of time. This is another form of fragility, over the long arc of holding bitcoin, you can never be certain that your game plan today will last 1, 3, 5 or even 10 years. At AnchorWatch, we address this by leveraging Bitcoin-native smart contracts—features unused by any enterprise custodian today. Trident Vault delivers unmatched security through timelocks, multiple spending conditions, and key hierarchies. For the length of your insurance policy, we are a required cosigner with our own set of keys. Not only that, but for the length of the policy, you are required to sign as well! There is a 45 day window at the end of the policy where AnchorWatch and a 3rd party can recover the funds, where we can send them to your predetermined cancellation address. When the insurance policy expires, you can move the funds without needing to talk to us! Best part? No trust required. Verify the vault properties yourself by loading the output descriptor into a Bitcoin Core node. That's Bitcoin-native technology at work! Now for the insurance side. Many custodians claim they're "insured," but ask yourself: • Have you seen the actual policy? • Are you listed as a beneficiary? • Have you read the terms? Don't assume coverage without verifying these details. It's very possible that the custodian is insured, but you are not! Traditional custodial insurance has a critical flaw: policy limits often cover just a fraction of total assets. Why? Concentration of risk is toxic to insurance. When all keys are with one custodian, catastrophic loss is highly correlated. Carriers need balanced risk across their business, so limits help them provide coverage without assuming entire outstanding risk. This is why @AnchorWatch offers up to $100M coverage per customer. Each vault has built-in risk distribution, backed by a Lloyd's of London policy with YOUR name on it. Your Bitcoin, your vault, your insurance—all directly linked. Insured custody will become more common as larger financial markets enter the Bitcoin ecosystem. Today's custodian ecosystem is a SaaS arbitrage: they charge fees, but if there's a mass loss event, they provide no financial guarantees that you'll be made whole. If you're paying someone to hold your Bitcoin and they can't guarantee compensation for losses, what exactly are you paying for?

Its wild we are at a point in Bitcoin filter discourse that a failed day trading instructor is seen as a credible authority to make comments on bitcoin development. Its all gutter tier TMZ drama reporting on people, no technical merits (because they chose to not understand).

Would love if you had a chat with @dergigi and the gang about Bitcoin. We have wanted you to join us for a long time.

"wait, why did bitcoin name the transaction giving coins to miners after coinbase the company?"

Anyone in Bitcoin who encourages, threatens, or engages in violence because someone is using Free and Open Source Software in a way they don't like, that breaks no laws, is a moral reprobate, and I want nothing to do with them. Those of you who dance up to the line on this issue have no moral high ground if the government were to come in and stomp its boot on your neck for using Bitcoin. What a tragic state of affairs to see the kind of behavior be given cover. As @nic_carter once wrote, #Bitcoin is a most peaceful revolution: medium.com/@nic__carter/a-mo…

Bitcoin does not work if you can't hold your own keys, and run your own software to validate transactions. Self custody is not only constitutionally protected, but optionality to self custody is the only ethical and functional way Bitcoin can work as a system.

Hate to break it to everyone, but if we are in a world where running certain versions of a bitcoin node gets you thrown in prison… you’re in a world where there are government sanctioned block templates. Some are actively asking for the government to intervene and kill Bitcoin.

Wife: “what were you talking about on Twitter spaces?” Me: “nothing important” Wife: “more stupid bitcoin internet stuff?” Me: “yes” Wife: “great, I don’t need to know more”

Pretty resolved on not letting my children having unmonitored internet access. It’s like how boomers talk about how weed is now so much stronger today than “back in the day”. As technology accelerates, the demons are enabled by the algorithms to corrupt the youth are getting much stronger and effective. Counteracting this involved lots of time outside, in church, and doing work in the community. Free internet access will go through a process like getting a driving license.

To update my Tweeple, I'm leaving my Job at IBM the end of the month, and starting @LambdaSchool August 5th for their Data Science program!

Sitting down and having “the talk” with my kids. One of them asked, “What is the government?” Parents, how have you navigated this?

The best way to serve democracy, is subvert the democratic process and only have DNC power brokers decide the nominee.

Ossified Bitcoin is state captured Bitcoin.