14 sats \ 0 replies \ @shyfire 7 Apr 2022
So much Ethrium shilling, reminded me has a $10B shitcoin play. Too bad the Mallers announcement basically made all Thiel's comments about bitcoin not being a payment rail look really dumb
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12 sats \ 0 replies \ @UlfMoby OP 7 Apr 2022
First part from 1999 is really cool to hear.
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0 sats \ 0 replies \ @ideasourcing 9 Apr 2022
bitcoin magazine is now the enemy, the first clue was the standwithukraine shilling against Russia
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0 sats \ 3 replies \ @gunson 8 Apr 2022
Rumble link in case they shutdown Bitcoin Magazine’s YT channel again: https://rumble.com/v10648s-paypal-co-founder-peter-thiel-bitcoin-keynote-bitcoin-2022-conference.html
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1 sat \ 2 replies \ @gunson 8 Apr 2022
I think Thiel has the right intuition, but it doesn’t seem like he’s done enough work to understand Bitcoin. He reasons too much from analogies, which is why he makes the cringe categorisation of Ethereum as a payment network (not even Ethereum people really think this - isn’t it a world conputer or something?).
I liked the commentary afterwards. Mark Moss corrected this egregious error by pointing out that Bitcoin was store of wealth and a payments network.
Why do these billionaires never get an expert to give input on their presentations?
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3 sats \ 1 reply \ @freetx 8 Apr 2022
Its funny because Thiel has admitted recently that his biggest vision failure in last 10 years was undervaluing bitcoin and not buying more of it.
Yet...he continues to do so.....
There is this persistent narrative that keeps being pushed that: BTC = Settlement Layer / ETH = Application Layer. This is failure understandable from a 2018 view of the world, but it should be clear to all that the failures of ETH are whats collapsing that vision. Meanwhile the successes of BTC keep pushing it forward
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2 sats \ 0 replies \ @UlfMoby OP 8 Apr 2022
bitcoin is the settlement layer and Lightning ⚡️ is the app layer.
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