mattodell @[email protected]

This move to mastodon is something special. It reaffirms my belief that you can't stop bitcoiners. You can try, but we're just going to run you over.

1. Mastodon supports 2FA, so you should go enable that in settings.

2. Use a vpn or tor if you don't want @nvk to know your ip address(es)

This week's episode of RHR on @TFTC21 is now out: https://anchor.fm/tales-from-the-crypt/episodes/Rabbit-Hole-Recap-Week-of-9-10-2018-e26rbs

Uncensored, uncut, and slightly belligerent. @martybent & I call it like we see it.

Also available in your favorite podcast app by searching for 'tales from the crypt' and clicking that subscribe button.

I can't believe the 'asics are bad' meme still has any legs.

Shortsighted narrow minded thinking at its finest.

@martybent

For your convenience, here's all the links we discuss in this week's show:

Links:
twitter.com/WallSt_Dropout/status/1037004709419278336
twitter.com/matt_odell/status/1003680779535290369?s=19
twitter.com/matt_odell/status/1003680779535290369?s=19
mailchi.mp/08ea1d23655e/martys-bent-september-5th-2018-issue-311
info.shapeshift.io/blog/2018/09/04/introducing-shapeshift-membership/
twitter.com/ConsenSys/status/1037339692981727233
bitcoinops.org/en/newsletters/2018/09/04/

This week's episode of Rabbit Hole Recap is now available: https://anchor.fm/tales-from-the-crypt/episodes/Rabbit-Hole-Recap-Week-of-9-3-2018-e25faf

Uncut & Uncensored. Just me, you, and @martybent sifting through this wild week of bitcoin.

Topics:
-Emerging Market currency crises
-Iran give Bitcoin mining the go-ahead
-Ethereum FOMC meeting
-Infura centralization
-ShapeShift
-Casa's new plug and play all-in-one Bitcoin full node + Lightning node
-Discussions of a new Bitcoin testnet

(Available on all major podcast apps by searching 'tales from the crypt')

Watching eth stakeholders make every mistake bitcoiners have intentionally avoided is gold.

Provides clear context re: the value prop of bitcoin compared to altcoins. Now we have a perfect case study to point to when questioned whether bitcoin's current path forward is the best option:

-Move slow, and conservative.
-Prioritize censorship resistance and robustness.
-Scale using layers.
-Avoid hard forks at all cost.
-Don't fuck with supply schedule.
-Keep it simple, stupid.

Excited to announce a new weekly pod w/ @martybent. Plan is to record tuesdays and drop them on wednesdays.

It is complementary to his outstanding TFTC21 interviews and will live in the same feed. Basically a week-in-review style show w/ whiskey. Feedback is appreciated.

https://anchor.fm/tales-from-the-crypt/episodes/Rabbit-Hole-Recap-with-Matt--Marty---Week-of-82018-e230rb

The 7x bump in hash rate since last year doesn't get enough attention. Look at that chart. Insane.

Mirrored from twitter.

Source: https://twitter.com/MustStopMurad/status/1030101419473469440

2,127 bitcoiners have posted 19,435 times on this instance alone.

That's not including the bitcoiners running their own instances or using a different instance.

Pretty impressive Mastodon adoption in such a short time period. 👌

Bitmain appears to be vulnerable, overexposed, and short on cash.

This is great news for bitcoin.

Soup kitchen initiative in Venezuela accepting bitcoin donations. They support lightning as well. 👌

Coordinated by @btcven

https://twitter.com/btcven/status/1028743266739662849?s=19

Bitcoin against US Dollar, past year: +56%

https://twitter.com/spectatorindex/status/1028362918142730240?s=19

Their upcoming IPO makes a lot more sense now.

They have been propping up bitcoin cash price by (1) requiring ASIC purchases to be made w/ bch (2) not selling the bch they earn (3) actively buying bch with btc and (4) protecting the chain from 51% attacks.

As a result, Bitmain currently has a ~$500M bag of ~1M bitcoin cash that they can't sell without cratering the price. Even just selling a fraction could spook the bch market.

The IPO is a way of 'selling it' without selling it.

The left 3 columns is the number of coins they owned in each time period. The middle 3 columns is the average price they paid. The last 3 columns are the total amounts in USD in thousands.

That's my understanding at least. I can't read Chinese.

Confirming what most of us have theorized for awhile now, bitmain has been propping up the price of bitcoin cash.

They are also the only reason bch hasn't been the target of 51% attacks, yet.

If I'm reading this right their current holdings are ~1M bitcoin cash, ~22k bitcoin, ~930k litecoin, ~312k dash, ~1100 ethereum, and
about $19M USD worth of various other altcoins.

FWIW take these numbers with a grain of salt since they are self reported.

https://twitter.com/Excellion/status/1028426579158884352?s=19