Dilutionproof @[email protected]

I'm excited to share "Modeling Value Based on Scarcity - A brief history of #Bitcoin Stock-to-Flow models"! 🔥

Like the title suggests; the article attempts to provide an overview of all developments in the S2F & S2FX models in an easy to understand way.

https://medium.com/@dilutionproof/modeling-value-based-on-scarcity-7fa7d754a58

Large insurance firm MetLife ($650B in assets under management) is exploring Bitcoin for its macro strategy 👀

https://investments.metlife.com/content/dam/metlifecom/us/investments/insights/research-topics/macro-strategy/pdf/MIM-GEMS-The-Blockchain-Blockbuster_Yapese-Stones-to-Central-Bank-Digital-Currencies.pdf

This website provides real-time estimates for how many sats each living person in the world would have if the current Bitcoin supply would be equally distributed, and what the current dollar price of that amount is

Cool concept! 👏

https://satoshisperperson.com/

8/8

7/8

6/8 "Because of this proba­bilistic nature of Bitcoin’s clock, the present moment — what we call the chain tip — is always uncer­tain. The past — blocks buried below the chain tip — is ever more certain."

5/8 "As Gregory Trubet­skoy points out: “It doesn’t matter that this clock is impre­cise. What matters is that it is the same clock for everyone and that the state of the chain can be tied unambigu­ously to the ticks of this clock.”"

4/8 "Time is the only thing we will never be able to make more of. It is The Ultimate Resource, as Julian Simon points out. This makes Bitcoin the ultimate form of money because its issuance is directly linked to the ultimate resource of our universe: time."

3/8 "Put bluntly, there simply is no way to trust that data repre­sents reality, except if the reality in question is inherent in the data itself. The brilliant thing about Bitcoin’s diffi­culty-adjusted proof-of-work is that it creates its own reality, along with its own space and time"

2/8 "The Bitcoin network performs an intri­cate dance to decide which copies are useful and which aren’t, and it is this dance that brings scarcity into the digital realm. And like with every dance, a temporal measuring stick is required to dictate the rhythm."

1/8 Phenomenal article! 👏

@dergigi dismantles the clock that is #Bitcoin with the precision of an engineer & the flexibility of mind of a philosopher 🕰️

A timeless piece by a timely author; highly recommended! 🔥

Some quotes that I liked in this 🧵👇

https://www.swanbitcoin.com/bitcoin-is-time/

This site may be handy when comparing public instances. You can compare things like the number of users, statuses, up-time, the software version of the servers and if they are still open for registrations:

https://instances.social/list/advanced#lang=&allowed=&prohibited=&min-users=&max-users=

Does anyone have tips for good alternative Mastodon instances for those that don't want to or can't run their own instance?

(Which is necessary if @nvk is indeed going to take down this instance at some point like he mentioned yesterday.)

Exactly 3 years ago, on January 15th 2018, the first lighting transaction was made by someone buying a router online (https://www.reddit.com/r/Bitcoin/comments/7rkunw/lightning_the_future_just_arrived_at_my_doorstep/)

Since then, the network has grown & matured significantly, as is visible on @typerbole's dashboard (http://bitcoinkpis.com/layer2)

🐂ish on ⚡️!

Looks like Grayscale gets a bit of competition for their GBTC investment product 👏

This is good for Bitcoin, because it would help prevent Grayscale from becoming an even bigger honey pot than it already is 🍯

And it helps facilitate NgU off course 😎 add in a potential Bitcoin ETF in the next year or so and the range of institutional product gets interesting!

Chainalysis is apparently so desperate to find negative Bitcoin narratives that they don’t mind insinuating that it helped cause the US Capitol riots 🤮

I’m case you needed any more evidence that these guys are enemies of Bitcoin.. 🤷‍♂️

https://blog.chainalysis.com/reports/capitol-riot-bitcoin-donation-alt-right-domestic-extremism