pull down to refresh

When you see shit like this it just makes you realize how much paper bitcoin is still out there. Short term holders have sold quite a bit and Miners have sold down a little bit but nowhere near the level to match this type of buying, plus what is going on with MSTR and Tether, plus the plebs. All the fluctuation in price is coming from vapour backed futures, options and other stupid derivatives. as long as the contracts roll they never need to settle and deliver the Bitcoin. They will eventually get squeezed into oblivion when people demand the bitcoin instead of the next paper contract. Then all hell will break loose. Until then paper is in control.

We are non-partisan, one issue voters: If a candidate supports an optimistic technology-enabled future, we are for them. If they want to choke off important technologies, we are against them.

Yep, basically this is me. And it's largely because of what they outline in the points that follow. Most of the heavy-handed regulation types are representing entrenched interests who would prefer to choke out competition while avoiding innovating or taking risks. This feels, for lack of a better term, completely unnatural.

reply

Brief Bio:

  • Active Duty Marine Infantry Officer until 2.5 years ago when I finished up active time and went back to school to learn to code so I could work on Bitcoin
  • Taught a bunch of bitcoin education courses, most recently at Base58 with @niftynei as her TA
  • Been contributing to open source bitcoin and lightning projects for about 2 years now, most extensively in Fedimint
  • Worked at OKCoin and OKX for a couple months as a backend developer on the fiat and "web3" teams, quit to work exclusively on Bitcoin again like I had when just doing open source
  • Started working at Fedi a couple months ago
  • Currently running the AI4ALL Hackathon, a remote hackathon running the month of July on using Bitcoin to scale and improve the privacy of generative AI applications https://bolt.fun/tournaments/ai4all/overview
reply