“Everyone’s a triple maxi anti-paranoid crypto anarchist gigachad until he gets punched in the face” – Mike Tyson, probably

Wake up anon, new privacy magazine dropped and it’s amazing! Read it for free:

Bitcoin Takeover

BTCTKVR: Privacy Magazine (November 2024) - Bitcoin Takeover

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Remember Bitcoin 2.0? Counterparty, Mastercoin/Omni, NXT, and eventually Ethereum got created to take all these builders. It’s where Tether was created and it’s where Rare Pepes first got issued and traded. David A. Johnston lived those days and is here to remind us what it was like. He also talks about decentralized AI, which he believes is the future of internet and money transactions. https://www.youtube.com/live/ZAxoaGEzGss?si=3O0blfnsz9ivKTq-

this is what’s on the ballot today for bitcoiners please vote!

don’t let the election circus distract you from the fact that zcash & monero are pumping while bitcoin is dumping

Was Elon Musk supposed to come to the Bitcoin conference in Nashville? What will Bitcoin look like under Donald Trump’s presidency? When will Bitcoin surpass gold’s market cap? Listen to my interview with @Bitcoin Magazine CEO David Bailey to find out! https://www.youtube.com/live/kdDTctvM3z4?si=ftkr-Xajfp-uDpux

in 2 hours i will interview bitcoin magazine owner david bailey about his favorite orange friend… and talk about bitcoin too! make sure you join the livestream if you want to ask questions about the trump administration’s bitcoin agenda!

bitcoin going up against fiat doesn't mean that the network scales better, that the fungibility issue has been fixed, or that the user experience has been improved. bitcoin today is not much different than it was 3 years ago. it's technically worse, due to the lightning network becoming more centralized & less liquid, while the liquid federation has even fewer users. the improvements are marginal and are due to developers figuring out workarounds to compromise on the fact that there's no new soft fork update. there is some progress in the field of custodial solutions (ecash, federations, etfs), but that's not really bitcoin. it's something else that bitcoin was supposed to replace. what bitcoin does have is a new wave of institutional investors who pulled some strings to remove some mainstream media fud in order to make it easier for them to dump on retail. don't fool yourselves: these companies don't report their earnings in btc. they are not here for a new monetary standard and don't hope to one day move into citadels. once the opportunity arises, they will dump their reserves on the newcomers and cause the next bear market. and when we finally see the hopium get smoked, once everyone is done pointing fingers to find the heretics who didn't do as they said, the builders will have to step in and pick up the pieces in order to provide new technological legitimacy to the project. we only have a few months left, and then i hope we return to making bitcoin work much better – not banks, not federations, not ecash mints. bitcoin as peer to peer electronic cash.

no btc all-time high until $80k that's the 2021 all-time high adjusted to inflation

donald trump: chaotic good kamala harris: lawful evil joe biden: lawful neutral jd vance: lawful good rfk: true neutral tim waltz: hufflepuff

my point about bitcoin privacy: people say “my transaction didn’t get censored, it got mined, there’s deniability, who cares?” but this deniability diminishes over time: as blockchain analysis becomes more advanced, the linking & tracking will follow the entire history of transactions. maybe that your privacy is impeccable, but the receivers of your transactions can and most likely will deanonymize you. bitcoin won’t be a fungible currency until it adds privacy to the base layer!

finally watched the rogan - trump interview in its entirety was surprised that they spent so much time talking about boxing and ufc, trump seemed quite interested on the topic also, it’s weird that the topic of bitcoin or world liberty financial was never brought up… almost as if it’s not a significant conversation to be had before the election they even talked about ufos and aliens, ffs. and i’m not aware of any ufo conference giving him hundreds of millions of dollars and handing him casascius coins 🤷🏻‍♂️

if bitcoin activates drivechains and a couple of covenants (op_cat + op_ctv, or great script restoration), it will empower the builders to bring everything to the network and add more value to btc. the competitive advantage won’t only be political/memetic, there will be solid technical reasons to abandon alts like ethereum and build everything on bitcoin. it would also solve issues related to miners’ revenue, as people will use bitcoin transactions for lots of different reasons which include interacting with layer 2s. all it takes is 2-3 soft forks.

if bitcoin development can be stalled by the argument “but these guys in suits invested billions of dollars and we don’t want to upset them” then it became a fancy delegated proof of stake system dan larimer’s wildest dream lol

i became interested in bitcoin because of its potential to build a parallel economy that offers an alternative to the censorship-friendly & orwellian mainstream financial system so of course i want it to become private/fungible + scale to onboard millions of people at a cost much lower than western union/banks so i get angry when i see a bunch of suits hijacking the narrative by providing “education” that makes sure hundreds of thousands of new community members only want to use it as a pet rock and actively oppose any improvement whatsoever it’s a sybil attack on consensus which effectively freezes the ability to do any network upgrades if guys like saylor can decide which dev gets funding and from where, then they discourage the medium of exchange function and manipulate the narrative on something as significant as self-custody, millions of people miss out on the once in a generation opportunity to fix the broken money system if guys like saylor amass this much influence, bitcoin is effectively a delegated proof of stake system i’m fine with finance bros using bitcoin for whatever. bitcoin is for enemies, right? but when you weaponize your army of trolly ngu simps to effectively stall the progress of the project, i will do my best to remind people why i came here and what the mission used to be until just a few years ago use bitcoin as a pet rock if you want, but don’t try to tell others what they should do with something that’s supposed to be freedom money don’t ruin the lives of millions of people living under tyranny only because you want to see your number go up and you’re afraid of regulators i may not have the same platform as saylor and i may not pass arbitrary purity tests from high priests, but at least i am honest and willing to use my significantly smaller platform to remind people why bitcoin was created and what it should ultimately become

saylor demoralized you with his “self-custody is for paranoid crypto anarchists” rant? watch s15 e61 of the bitcoin takeover podcast to take your self-custody game to the next level! which hardware wallet is best for you? do you need a multisig? which software wallets should you use on desktop and mobile? what’s the difference between multisig and shamir? how many backups do you need? how should you manage your backups? what is the 3-2-1 rule and why should you use it? take 90 minutes of your time to find out the answers to these questions 💪🏻 https://www.youtube.com/live/GPZKJUyICvI?si=if86Nc6zic1iE_JS

last week an audit of the samourai wallet whirlpool code revealed that the coordinator could match a coinjoin’s inputs and outputs – thus providing zero privacy against samourai. @/dev/fd0 reported it, didn’t see too many reactions. why aren’t more people talking about this?

in august 2017, i don’t recall anyone saying that btc will become a store of value from institutions, while bch will pursue the medium of exchange path. no such narrative existed – it was only a disagreement on how to scale: btc went for layer 2s, bch chose to increase the block size. it was years later that the capitulation to institutions happened: when big money started flowing into lightning network development and companies started gaslighting us that home nodes are slowing down the network and we should use easily-regulated and censorship-bound lsps or else surrender custody when the amounts are small. a lot of developers i’ve interviewed over the years told me that they were never against increasing the block size: they were only against the terms of the new york agreement and didn’t see the urgency of taking action back in 2016-2017… but would agree with a block size increase later when there’s constant network demand. but in the end, a bunch of guys stepped in and created a toxic culture which regards any attempt to improve bitcoin as an attack. who benefits from this status quo? custodians, banks, credit card companies that no longer feel endangered, western union that is somehow still around and thriving, politicians and central bankers. somewhere along the line, bitcoin lost its cypherpunk spirit… and i am here to bring it back every week with my podcast. listen to the bitcoin takeover podcast, there’s nothing quite like it.

I’m about to go live with Polto and Darko, the co-founders of Hodling.ch Get ready to learn more about how you can improve your self-custody setup! Watch out for the 3-2-1 rule, it’s important! https://youtube.com/@bitcointakeover?si=HYrmK1FI1LxpwQhX