Paul

Paul @futurepaul

RT @bitstein: In preparation for the halving, the Federal Reserve is cutting interest rates to further highlight Bitcoin's economic innovat… — PolitiTweet.org

Paul @futurepaul

RT @PodLinks: 🗨️ All this companies started wanting so much personal information [...] 1) I think it's marginal what improvements we get.… — PolitiTweet.org

Paul @futurepaul

Buy Bitcoin — PolitiTweet.org

Paul @futurepaul

RT @matt_odell: KYC is dangerous. "Personal information taken included names, incomes, dates of birth, addresses, phone numbers, and email… — PolitiTweet.org

Paul @futurepaul

By clicking "I AGREE" or continuing to use our site, you acknowledge that you love cookies and you want to MARRY cookies.  You can find out more about the cookies we use and learn how to manage them because you love them so much and you KISS EACH OTHER. — PolitiTweet.org

Paul @futurepaul

@TheSilentNight @vgdunkey https://t.co/Wf3ZlhR3bc — PolitiTweet.org

Paul @futurepaul

@bwhough @vgdunkey @videogamedunkey https://t.co/Wf3ZlhR3bc — PolitiTweet.org

Paul @futurepaul

@darkmodejason @vgdunkey https://t.co/Wf3ZlhR3bc — PolitiTweet.org

Paul @futurepaul

https://t.co/zTp2paOavn — PolitiTweet.org

Paul @futurepaul

@jacksontaylortv @pierre_rochard I'm not sure, tbh! Seems like it will sort itself out. If Bitcoin is the dominant world money I doubt it will be easy to shift the price drastically day to day. Before that happens it seems silly to spend it when not absolutely necessary. — PolitiTweet.org

Paul @futurepaul

@zherring @ForkingBlocks @rweisbein @pierre_rochard If only entropy was our single enemy here! — PolitiTweet.org

Paul @futurepaul

@CryptoEcon_Li @pierre_rochard @blackdontrump @BTC_priceaction And unlike the OG marshmallow test it's a repeated game and therefore there's an opportunity to improve at playing it even if you fail the first 100 times! — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @rweisbein @zherring @pierre_rochard I think you're purposefully misunderstanding me at this point. I'm trying to show why value slipping through your fingers over time is unnatural but your mind has been warped by Keynesians. — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @rweisbein @zherring @pierre_rochard Labor doesn't have a direct correlation with value, but something seems screwy in a world where food requires orders of magnitude less labor compared to 100 years ago and yet it costs vastly more in dollar terms. — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @rweisbein @zherring @pierre_rochard Okay desert island analogy time. Stuck on an island, takes me eight hours a day to find enough berries live. Now I build a berry picking robot which only requires an hour of daily maintenance. How many hours a day do I need to work to eat the same? — PolitiTweet.org

Paul @futurepaul

RT @saifedean: Bitcoin is a machine that consumes fiat and produces a lower time preference https://t.co/myncaq77Cm — PolitiTweet.org

Paul @futurepaul

@tofke23 @jacksontaylortv If your idea's value is primarily realizable through PR and production then it makes sense that someone good at those things would best realize the value. The antidote is to keep it secret until you're on the market. That's what the inventory of Hotmail did. — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @rweisbein @zherring @pierre_rochard As we become more efficient as a society why do I work more hours to buy the same stuff? I'm not realizing these productivity gains. Imagine a world where food is cheap, where there's no monetary premium on real estate, and where it's common to pass wealth to your children. — PolitiTweet.org

Paul @futurepaul

@berengerdcl @zherring @pierre_rochard I run what I want on my node. Any jerk can start a git repo. But you need to ship Bitcoin if you want people to run it. — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @zherring @pierre_rochard Investing in a fiat world is running just to stay still, that's the part Bitcoin solves. There will still be pro investors, but investing won't be a mandatory activity for anyone who wants to maintain value through time. — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @zherring @pierre_rochard The Y here imo is the rise in GDP. Basically the total value that is stored in Bitcoin. Since economics isn't zero sum, value is created when people transact with Bitcoin. That value naturally accrues to people who hold it. A stablecoin is what's artificial and nonsensical. — PolitiTweet.org

Paul @futurepaul

@Fonta1n3 @pierre_rochard I guess I was wrong about the zeros, that's just how it's usually explained. The difficulty is a number, the miner needs to find a number lower than that number. Every 2016 blocks the difficulty is adjusted up or down based on how long it took to find the last 2016 blocks. — PolitiTweet.org

Paul @futurepaul

@Justin_Schmidt1 @kylebshr @pierre_rochard Ah sry I can't count sentences. When you work you create value and you get paid money. But if that money becomes worthless over time you have to find other methods to protect the value you earned (like buying stocks). Bitcoin stores value so it's there later without the hassle. — PolitiTweet.org

Paul @futurepaul

@lordswann @pierre_rochard Some nerds invented their own money. It's not controlled by the government, and it can't be inflated. It's pure scarcity, sort of like digital gold. I know, it sounds stupid, but it actually works. It's been going 10 years! It's so good that Trump even said it's not money. Wild. — PolitiTweet.org

Paul @futurepaul

@CheswickCharley @pierre_rochard Blockchain keeps track of which quantities of BTC are spendable by which public keys. As soon as you leave the blockchain system you lose all guarantees. On the internet, nobody knows you're a dog. — PolitiTweet.org

Paul @futurepaul

@ForkingBlocks @zherring @pierre_rochard Deflationary is an excellent characteristic for money. I want to transport value through time by simply holding onto money instead of competing with professional investors in the stock market. There are no sure things, but provable scarcity eases my mind. — PolitiTweet.org

Paul @futurepaul

@MtGox101 @2357_is_prime @pierre_rochard Petabyte blocks! — PolitiTweet.org

Paul @futurepaul

@seansharpe_ @pierre_rochard I don't actually know what the taco emoji means. — PolitiTweet.org

Paul @futurepaul

@Fonta1n3 @pierre_rochard The difficulty is set like a lottery so that any miner could find a block at any time, but on average a block is found every 10 minutes. If the miners are going faster than that, the difficulty is "increased" which means they need to find an even smaller number randomly. — PolitiTweet.org

Paul @futurepaul

@Fonta1n3 @pierre_rochard With Bitcoin the dice rolls are SHA256 hashes of the current transactions waiting to be verified (plus a random number called a nonce). SHA256 is just a number. Whichever miner finds a hash under the current difficulty (hence the leading zeros) gets the block reward. — PolitiTweet.org