Willy Woo

Willy Woo

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I do numbers, mainly #Bitcoin related but not always. I only post here, all other channels including Telegram are scams. Founder: @bitcoinvector and @crestfund

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So what it means is it becomes a regulatory bar on businesses with minimum value that will get culled. But ultimately they get culled anyway so there’s not point in centralising power in those that set that bar, because that power will be corrupted by the incumbents.

Historically BTC tops have lead pull backs in global M2.

A condensed history of large bank runs. Note Tether today is 77% in liquid cash equivalents and the rest of the 103% backing is in liquid gold and BTC.

Now that everyone is fudding Tether again- Let me remind you all that the US government has been “theoretically insolvent” since 2012 Let me remind you the concept of fractional reserve banking itself is “theoretically insolvent” by design Bitcoin-backed dollars solves both

No. It’s an attack on BTC with paper bets.

Whales dumping BTC strengthens the network by reducing concentration of holdings. Everyone who hates it is focused on short term price, not long term success of the network.

Privacy belongs on L2, L1 needs to be auditable. Imagine all the gold backing the world’s money inside Fort Knox and it not being audited… exactly… that happened and it ended the gold standard.

And on that point specifically, if some cryptographic failure undoes Bitcoin, certainly no one is going to trust a wildly more complex and black box coin that ALREADY had a massive cryptographic failure that led to a (likely unexploited) inflation bug. Privacy is the enemy of

Wonder why ZCash is showing up EVERYwhere all of a sudden? 👇

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