Bitcoiner. Founder/CEO of Wiz & Associates and Mempool Holdings, together operating critical infrastructure for the community
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- Tweets 8,512
- Following 4,231
- Followers 23,941
- Likes 34,114
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My talk at #Bitcoin2024 launching Mempool Accelerator™ piped.video/watch?v=AFnDVL6u…
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I’ll keep mining and supporting Bitcoin as long as I can, despite the current market conditions. I’m in this for the long run and don’t care about short term price fluctuations. Who’s with me??
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Good Morning to El Salvador... it's pretty surreal to wake up, check Twitter, and see people using Lightning to pay at McDonald's and Starbucks
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El Salvador has established itself as the world's first sovereign Bitcoin citadel
JUST IN - El Salvador to exempt foreign investors from tax on #Bitcoin profits.
“There will be no taxes to pay on either the capital increase or the income.”
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Bitcoin wasn’t invented to make you wealthy, it was invented to change the world.
The true Bitcoiners are the ones who understand the significance of this, and they dedicate their lives to supporting Bitcoin in whatever ways they can.
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2013 -> premined altcoins
2017 -> ICOs
2021 -> NFTs
Every 4 year market cycle we see a trendy new type of Shitcoin that people want to sell to get your Bitcoin. Remember, Bitcoin is valuable because it’s scarce. Shitcoins are not scarce, so don’t trade your Bitcoin for Shitcoins.
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If you have debt, value is stolen from you as interest.
If you have savings, value is stolen from you as inflation.
If you have assets, value is stolen from you as taxation.
Simply by being unconfiscatable, Bitcoin Fixes This. Now everyone can accumulate wealth by stacking sats.
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Bitcoiners don't meet old billionaires over lunch. Bitcoiners educate the masses how the old billionaires used banks to enslave them with debt and fiat currency. Bitcoiners build free tools for the masses to escape the debt slavery system that made the old billionaires so wealthy
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Governments steal your wealth and use it to enslave you. Every day they take away more of your freedom, and the only thing that can save you is the cypherpunk movement. #Bitcoin is the only asset you can truly own, and it cannot be taken and used against you. Become a cypherpunk.
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First time to meet my mempool bro @softsimon_ - we built mempool.space together over the past few years but never met IRL until today
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Facebook’s new Shitcoin will be the biggest social attack on Bitcoin we’ve seen so far. A tech giant will shill a centralized premined coin to their existing 2B users, with a superior centralized UX and smoother experience than Bitcoin. Newcomers need to be educated “Why Bitcoin”
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The corrupt fear us
The honest support us
The heroic join us
Thanks @DavidFBailey for the sealed first edition of @BitcoinMagazine !!
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you misspelled “due to governments using their monopoly of violence to implement restrictions on freedom of movement and central banks using their monopoly on inflating the money supply to steal everyone’s purchasing power”
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Every Shitcoin "business model"
1) Copy Bitcoin / Ethereum, or print ERC20 tokens
2) Implement a narrative
3) Pre-mine or acquire a large bag
4) Pay exchanges to list it
5) Pay liquidity market makers to use bots to trade it
6) Pay influencers to hype it
7) Pump and Dump your bag
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After over-clocking my Raspberry Pi 4 to 2Ghz🔥, it can now fully verify the Bitcoin blockchain from the genesis block to current block in less than 24 hours using a fast SSD. This is a game changer, compared to the previous generation RPI3 which could take WEEKS to fully sync!😃
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Running a Bitcoin exchange on a Raspberry Pi is one of those moments when you can very clearly see the future of the world. Everybody will all eventually connect to the Internet, the Tor network, the Bitcoin network, the Lightning network, and the Bisq network. Layers in a stack.
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web3 will be self-hosted on your own hardware on your own network where you own and control everything, so you can protect and defend your individual security, privacy, and freedom against those who want to seize your wealth, surveil on your transactions, and censor your activity
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I just published "Why Bitcoin?", A brief introduction to the Security, Privacy, and Freedom of your money medium.com/@wiz/why-bitcoin-…
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I can see a future where everyone has a raspberry pi running bitcoind, lnd, btcpay, and bisq. This will allow everyone to be their own bank, be their own payment network, be their own payment processor, and be their own bitcoin to fiat exchange. I call it the Bitcoin full stack.
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I've just passed the ⚡️Lightning Torch🔥 to @Fidelity @DigitalAssets!
They're launching a new institutional Bitcoin custody service, and the #LNTrustChain worth ₿0.0364 is their first Lightning transaction! ⚡️🔥😆
They can add that to their ~$2.5T of assets under management 😂
@wiz here's our invoice for 3.64M satoshis.
lnbc36400u1pw8q7xxpp5z7jagyyme7uge8g4xhjz3mu5l90hn02uwkv20y50m0mg9akm3kmsdqqcqzys4hf4s86nm3sw63kcvytx3d8spcc9ayr6udqscesldm3n29yqxwpsj6faz0cycs0r4u6zvgjr22tgdnxq6wzt0l876ycl0fr6amjc3msq5g0r5t
#LNTrustChain
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Bisq will work to implement support for Liquid as a base layer and become a Bitcoin Layer 3 Network on top of the Liquid sidechain. For those who wish to keep using Bisq as a Bitcoin Layer 2 Network on top of the base layer Bitcoin blockchain, this option will still be available.
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Bitcoin and Lightning are of course #1 and #2 highest priority projects, but Bisq and BTCPay are #3 and #4. Eventually all centralized companies sell out and require KYC, but Bisq and BTCPay are not companies, they are open-source projects just like Bitcoin, and cannot betray you
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When you visit the Bitcoin Beach in El Salvador, I highly recommend you stay at the @GartenZonte Hotel - their rooms are super nice, their service and food is excellent, and most importantly Internet connectivity is via a fiber optic line using enterprise grade WiFi access points
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Without the Internet and cryptography, we’d all just be plebs ruled by fascists in socialist or communist societies. Now we have the ability to be self-sovereign, build our own communication and financial infrastructure, without having our wealth stolen or our freedom restricted.
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No one person, company, organization or government runs the Internet. It's a globally distributed network comprising many voluntarily interconnected autonomous networks. It operates without a central governing body with each constituent network setting/enforcing its own policies.
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People who don’t have power are always fucked by people who do, but the oppressed people outnumber the oppressors, so we can always win if we work together in an intelligent way. This is why distributed systems like the Internet and Bitcoin are so important for the human race.
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I feel like we’re in the very early stages of a new movement. Up until now it’s been “accumulate Bitcoin”, but now we are entering the “dump Shitcoins” movement where people start to go 100% Bitcoin Only.
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imagine trading censorship resistant digital scarcity for a worthless jpeg that is trivially easy to reproduce and being so proud of this financial decision that you show off your worthless jpeg on your profile photo for the intended purpose of impressing random people on twitter
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A humble Raspberry Pi running bitcoind, lnd, loopd, btcpay, and bisq gives you all the power you need to be financially self-sovereign. Absolutely zero KYC, ToS, or Privacy Policy. Assert your individual rights and opt-out of the oppressive fractional reserve banking system ASAP!
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It’s amazing how non-cypherpunk people actually believe that voting for some new politician, passing some new law, or printing some new money, is magically going to solve their problems. Just focus on opting out of the system using the Internet, Bitcoin, and open source software.
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It’s awesome meeting so many Bitcoiners on my USA trip, but I also can’t wait to go home and start distributing our translation of The Bitcoin Standard to the 126 million people who will now be able to read the book in Japanese. It took over 2 years to get this book published! 🇯🇵
ビットコイン・スタンダード: お金が変わると世界が変わる 単行本 @saifedean @TerukoNeriki amazon.co.jp/dp/4623090299
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Surprising thing I noticed about some Bitcoiners in USA is that despite owning and using Bitcoin, they mostly still really seem to want fiat in their bank account, and pay capital gains taxes on it too. They see Bitcoin as a way to get more fiat and not as a replacement for fiat.
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Nobody:
Shitcoiners: "We copied Bitcoin, but removed all the consensus rules that make it work as free and open hard money, and replaced them with new consensus rules that make us centrally control everything, especially the money supply which is now 100% ours. Wanna buy some?"
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People who argue that "not all users will run their own full node" believe so because of the current difficult process of setting up and syncing a node. Once the technology improves so it's just installing an app on your smartphone, then yes, everyone will run their own full node
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Would you accept gold as payment from someone you didn’t trust, without verifying the weight and purity of the gold before shipping your products to them? Think of a Bitcoin full node as a “fake Bitcoin detector” - all you need to verify “purity” of your Bitcoin is a Raspberry Pi
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I literally spend all day every day talking to people about Bitcoin, either online or IRL, it’s great😆
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Bisq is a Layer 2 system built on top of Bitcoin, similar to Lightning, but it focuses on trades instead of payments. Bisq has its own P2P network, just like Lightning, and each "trade channel" is a multisig transaction between the trade parties, similar to a LN "payment channel"
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Bitcoin 2022 Conference - Open Source Stage Livestream - General Admission Day 2
bitcointv.com/w/c89Dg6M31gia…
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Nobody seems to want to accept the reality that many use cases and important apps like Bisq, or various on-chain mixing coinjoins, etc. have already been, or will soon be totally priced out of the base layer Bitcoin blockchain. We all need to migrate our on-chain apps to Layer 2.
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Warning to all LocalBitcoins users: LocalBitcoins requires KYC and monitors all transactions.
Meanwhile, the Bisq P2P network is 100% routed over Tor to protect the privacy of all its users. To accept a trade offer your computer connects directly to the maker's computer over Tor
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The Fiat Standard is a monetary system optimized over the past 100+ years to enslave and control the people of the world, extracting maximum value and purchasing power from the population using multiple obfuscated methods. The Bitcoin Standard is the only way the world can escape
If you have debt, value is stolen from you as interest.
If you have savings, value is stolen from you as inflation.
If you have assets, value is stolen from you as taxation.
Simply by being unconfiscatable, Bitcoin Fixes This. Now everyone can accumulate wealth by stacking sats.
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I'm tired of seeing bcash shills using a full mempool to FUD against Bitcoin. High demand for Bitcoin mempool space and block space means users can directly compensate miners for securing the network so we don't have to inflate the BTC supply to compensate them like Shitcoins do.
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Since all Liquid federation members are corporations regulated by governments, and users need to KYC to peg-out, shouldn't the Bitcoin community fork Liquid, make its own federation of nodes run by reputable cypherpunks, and build a CT service to mix Bitcoin without KYC? @adam3us
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They don’t get it, it’s not about being against a vaccine, that’s your private personal medical decision - it’s about being against totalitarianism implemented using QR code movement licenses and making private business owners into police officers to enforce the movement licenses
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If you're running a Lightning node on a Raspberry Pi with an SD card, remember that your SD card will eventually wear out and die, taking critical wallet data with it. Don't use SD cards unless they're mounted read-only for OS boot files. Keep all critical data on a reliable SSD!
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Thread: For those asking me how I run my own ISP, it’s quite simple if you understand how the internet works. Imagine you and I are next door neighbors, and each have our own LAN for our kids. One day, we run a connection from my router to your router, creating our own “internet”
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Bitcoiners are the cypherpunks who support decentralized and permissionless networks, mostly by open-source contributions, to make Bitcoin stronger and more censorship-resistant. Shitcoiners are the “crypto” traders who only care about making profit for themselves. Which are you?
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My talk at #Bitcoin2021: Bitcoin's Transition To A Multilayer Ecosystem piped.video/T2Bx-aUcGjw
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This totalitarian dystopia is what happens when you combine a government’s ability to use infinite violence with the central bank’s ability to print infinite money
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lol, the video of the self-sovereignty panel we did for today's event, where I talked about why I don't use streaming services and host everything locally, was just taken down from youtube
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Sweet, now we can now transmit Bitcoin transactions over the phone by speaking simple English words. Together with a satellite dish, you should be able to easily transact using Bitcoin without Internet. When 1-800-Blockstream phone robot to transmit transactions? @Blockstream
Need to s̶n̶e̶a̶k̶ transport a #Bitcoin transaction but don't want anyone to know what it is? Run the raw transaction through this python script to generate human readable words instead of hex for posting on Twitter, message boards, Satellite, etc. 👥📜 gist.github.com/grubles/41a8…
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No single entity controls Bitcoin, just like no single entity controls the Internet; everyone running a full node is a peer on the network, and acts in their own interests. This is why Bitcoin will win long-term over any centralized monetary systems controlled by a single entity.
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Elon’s tweet is more impressive because SpaceX actually built the rockets and satellites, whereas Blockstream is merely renting capacity on somebody’s else satellite. Or in other words: not your satellite, not your tweets.
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This quote from @Snowden makes me realize how everyone failed us in the 1900s by surrendering their gold for fiat currency, allowing the central bank’s debt slavery system to takeover our society. We must now reclaim our financial sovereignty by dumping fiat and adopting Bitcoin.
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UNDER EXECUTIVE ORDER OF
THE PRESIDENT
issued December 19, 2020
all persons are required to deliver
ON OR BEFORE JAN 3, 2021
all BIT COIN now owned by them
to a Federal Reserve Bank, branch
or agency, or to any member bank
of the Federal Reserve System.
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Bitcoiners want to end the scam of the fiat money printers.
Shitcoiners want to be fiat money printers, so they use Bitcoin's technology to print tokens.
Nocoiners want to get more fiat because they don't realize fiat money printing is a scam, so they buy trendy fiat Shitcoins.
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Bitcoin is the perfect combination of a peer to peer network and a distributed cryptographic system that weakens the current monopoly of power held by the central banks, central governments, and big corporations that would otherwise have us be slaves of their totalitarian society
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Imagine storing your life savings in fiat currency deposited in a commercial bank: you’d have no security, privacy, or freedom... you’d be subject to theft by inflation, the government and bank would monitor all of your transactions, and you’d have no freedom over your own money!
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If you align your interests with the Bitcoin community, you will be very successful. If you fight against Bitcoin you will get rekt. It’s really that simple if you boil everything down.
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The goal of Bisq is similar to the goal of Bitcoin; we're replacing an industry that has solely used a Trusted Third Party model with a distributed incentives model (using cryptography and a P2P network) but instead of fixing money we're fixing trading.
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Broke: Raspberry Pi 4 with 2GB RAM, 1TB HDD, shitty case with fan, moving parts wear out and break, HDD dies within 2-3 years losing all your data
Woke: Raspberry Pi 4 with 4GB RAM, 1TB SSD, flirc heat sink case, no moving parts, device lasts for 10 years
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When you setup your first Lightning node, open a few channels, and send/receive a few payments, you're able to experience the future of money.
Lightning developers did an excellent job at solving the scaling issues AND the speed issues with a simple and elegant layer 2 solution.
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Bitcoin was created for:
✅ security against inflation by using a fixed supply
✅ security against seizure by using keys to control funds
✅ privacy of payments by using pseudonymous identities
✅ freedom of payments by making everyone their own bank
❌ open champagne using lambo
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For everyone who keeps asking me, yes, it is possible to run Bisq on a Raspberry Pi, but due to the lack of a web UI or mobile app I never released it. However recently I had the idea to package Bisq into an “app” using Docker that exposes a VNC web interface which does work well
Running a Bitcoin exchange on a Raspberry Pi is one of those moments when you can very clearly see the future of the world. Everybody will all eventually connect to the Internet, the Tor network, the Bitcoin network, the Lightning network, and the Bisq network. Layers in a stack.
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Yeah, we should totally create the Board of Governors of Bitcoin who can vote themselves to inflate the money supply and pay money out from the treasury to compensate developers. What could possibly go wrong with that?
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Someone mentioned to me that passing the LN torch to @Fidelity was "bigger than @jack", I guess it kinda is; either the torch has broken out of #BitcoinTwitter and into the institutional space, or depending on how you look at it the institutional space has entered #BitcoinTwitter
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Raspberry Pi full node display on my desk is both functional and beautiful artwork. Now I will always know how many sats/byte TX fee to use 😆
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If Libra merges this PR then I’ll support it 100% github.com/libra/libra/pull/…
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The main difference between Bitcoiners and Shitcoiners is morals and ethics. Is it morally okay for someone to print tokens and use propaganda, market manipulation, fake volume etc. to sell those worthless tokens to the uneducated masses? Is it okay to deceive people for profits?
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Bisq is now the best way to trade Liquid's confidential asset L-BTC for Bitcoin without KYC and without a trusted third party. Thanks @adam3us @notgrubles for your support listing the first Liquid asset on @bisq_network
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You either build your own infrastructure, or you use someone else’s and trust that they don’t fuck you over. It’s really that simple.
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This is why @BitcoinTV exists - our community guideline policy is “fuck youtube” - you can watch @KISBitcoin’s videos free of advertisements and third-party trackers on BitcoinTV.com
Just heard back, and our Policy team confirmed that the channel will remain suspended for repeated or severe violations of our Community Guidelines. You can learn more about our policies on spam, scams or commercially deceptive practices here: yt.be/help/BH2P
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I forked @lukechilds extension to show Bitcoiner vs Shitcoiner follower ratio 😂
chrome.google.com/webstore/d…
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People who speak negatively about Bitcoin usually do so because it’s against their interests for Bitcoin to succeed. Typically they have significant Shitcoin holdings, either fiat currencies or their own crypto coin. They only support a narrative that aligns with their interests.
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Shitcoins burning tokens is like the Federal Reserve shredding old and worn out US dollar bills. It doesn't change the fact that all those worthless tokens were created out of thin air. Nobody burns Gold or Bitcoin because they have actual value.
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Good Morning to the University of Kyoto's library which recommends you read The Bitcoin Standard
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USA cities are all freezing cold weather, drug addicted homeless people everywhere, and random shit on the street. Tokyo is nice weather, everyone wearing brand clothes and good looking, and the streets are clean enough to eat off. It’s always an amazing contrast coming home.
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When you deposit Gold into a bank vault, you receive a Gold Certificate IOU. When you deposit Bitcoin into the Liquid network, you receive a L-BTC token IOU. We should refer to any IOU for Bitcoin as X-BTC to avoid confusing it with actual Bitcoin: Not your keys, not your Bitcoin
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