in-short: @PayPal already exists. https://twitter.com/michael_saylor/status/1393757359881793538
@elonmusk @itsALLrisky @peterktodd bitcoin layer2s are faster, cheaper & more scalable being limited by network aggregate compute & link speed fundamentally many orders of magnitude above broadcast complete internet saturation for layer1. a tesla is a fine machine, but it's not a rocket; as with layer1 vs layer2/8
sats on bitcoin + lightning have faster transaction speeds, lower fees, and more positive environmental impact than doge
Elon is choosing $DOGE because Dogecoin is better than #Bitcoin in many fundamental ways
#DOGE is affordable for regular folks because of its high supply
“People’s Crypto” - @elonmusk
Some are here for the attention, some are committed to the mission. Know the difference. https://twitter.com/jack/status/1358170216136511489
@elonmusk @itsALLrisky @elonmusk peep this: https://twitter.com/sthenc/status/711802645111906304
this is like the highest form of “i’m new to bitcoin and i’m here to fix it” https://twitter.com/elonmusk/status/1393738154889338884
It’s going to be so annoying watching @elonmusk waste precious time and money learning the lessons of the 2015-2017 block size wars.
@itsALLrisky Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.
I think sats are going to restructure society and usher in a time of unprecedented peace and prosperity. And yet I still wonder if I’m underestimating them.
@BTCYN I like to think I do but some days I wonder if I have any idea. Maybe sats are wildly more valuable than any of us are prepared for.
Bitcoin consumes so much energy because it uses a fully mechanical & digital process to ascertain truth. It doesn't rely on the authority of anyone.
It isn't a more energy-intensive way of doing consumer payments; it's a less energy-intensive way of achieving consensus than war.
Must read @NickSzabo4 classic: "The secret to Bitcoin’s success is certainly not its computational efficiency or its scalability .. the secret .. is buying something even more valuable: social scalability"
Self-driving car startup Comma holds bitcoin and accepts it as payment. 👀
@pseudotoshi We holding!
Bitcoin supports freedom.
Central bank digital currencies support tyranny.
The future of money is clearly digital. The question is just whether it's a central bank digital currency, with all your savings and financial activity subject to absolute government control, or a decentralized system of freedom, Bitcoin.
Vote with your money. Choose wisely.
Coinbase CEO has opportunity to guide regulators toward Bitcoin as reserve currency, pushes central bank digital currency instead.
14/ I also relayed my thoughts on China and their central bank digital currency. It is real, they are moving quickly on it, and I believe it represents a threat to U.S. reserve currency status long term if the U.S. doesn't move quickly to create their own.
Bitcoin Maston Instance