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Asher Hopp Profile
Asher Hopp

@AsherHopp

3,770
Followers
2,358
Following
542
Media
6,410
Statuses

Not afraid to ask dumb questions.

USA
Joined May 2022
Don't wanna be here? Send us removal request.
@AsherHopp
Asher Hopp
7 months
Boomers are selling Gold ETFs, buying Bitcoin ETFs.
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@AsherHopp
Asher Hopp
7 months
Google's Gemini AI when you ask for a picture of Hunter Biden:
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@AsherHopp
Asher Hopp
1 year
The year is 2037 and Blackrock has started buying up all the tents, making them unaffordable.
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@AsherHopp
Asher Hopp
8 months
#Bitcoin is already up 6% this year. The stock market hasn't even opened in 2024 yet.
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@AsherHopp
Asher Hopp
9 months
Joe Biden gave the Taliban $86B worth of Blackhawk helicopters and machine guns. Then the he gave Iran $6B. Then Elizabeth Warren introduced a bill to ban crypto because Hamas got $873k of Tether stablecoins, which were promptly frozen. The government thinks we are stupid.
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@AsherHopp
Asher Hopp
27 days
1776: The British came for our guns. We shot them. 2024: The British came for our memes. We memed them.
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@AsherHopp
Asher Hopp
2 years
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@AsherHopp
Asher Hopp
1 year
@elonmusk It's easy to make a foolproof test to weed out AI. Ask users to draw a hand with 5 fingers, or say something nice about Trump - no AI can pass this one.
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@AsherHopp
Asher Hopp
2 years
@Grayscale It is intellectually fraudulent to suggest that revealing an address is a security concern. Satoshi's bitcoin addresses have been well documented and are higher value to would-be attackers than Grayscale's, yet Satoshi's bitcoin remains secure. Explain yourself.
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@AsherHopp
Asher Hopp
1 month
Sad to announce that today I'm dumping all of my #ordinals #inscriptions and #runes and moving back into real #Bitcoin . $SATS can't keep with sats 😭 I've realized that these projects are a failed idea. I'm sorry to let down the ordinals community like this, but I'm done.
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@AsherHopp
Asher Hopp
8 months
GN I've never seen so much virtue signaling and intellectual fraud on #Bitcoin Twitter as I have in the last month. It is a false dichotomy to be "pro" or "against" censoring transactions in Bitcoin. Censorship has always been a vital feature of Bitcoin. As an example, Bitcoin
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@AsherHopp
Asher Hopp
8 months
@DavidSacks Nice to see Elizabeth Warren making an appearance at WEF this year.
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@AsherHopp
Asher Hopp
2 years
@elonmusk @thevivafrei @paraga @jack You repeatedly told the public prior to buying Twitter that your philosophy on bans was that they should be temporary. Why the flip-flop? Allowing Ayatollah Khamenei to have a twitter account sets the bar pretty low for what's considered acceptable behavior.
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@AsherHopp
Asher Hopp
2 years
@liron Jamie and you are both wrong. If miners change the monetary policy without consensus, they aren't mining #Bitcoin anymore, they're mining some other weird fork of bitcoin, and there's a 0% chance I download their weird fork. Miners CANNOT force me to run different code.
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@AsherHopp
Asher Hopp
2 years
Its a BRUTAL week for "crypto" but the #Bitcoin world is thriving in the chaos. Here's a few narratives I've been following this week. 🧵👇
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@AsherHopp
Asher Hopp
6 months
My startup company has more #Bitcoin than fiat on our balance sheet. The runway has expanded, despite having no revenue and paying expenses. #Bitcoin is a business superpower.
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@AsherHopp
Asher Hopp
1 year
@steve_hanke What is the fundamental value of a Leonardo da Vinci painting? Zero, isn't it? The reason you have to say "fundamental value of zero" instead of "value of zero" is because the global social consensus disagrees with your position.
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@AsherHopp
Asher Hopp
11 months
ICYMI, Binance minutes ago updated their ToS: 1) They don't have any USD 2) Users who deposited USD can no longer withdraw it 3) There is no more FDIC insurance Now you can only "withdraw" "fiat" by sending BUSD (an unregistered security?). CC: @coryklippsten @TYonClubhouse
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@AsherHopp
Asher Hopp
4 months
@zillowgonewild You couldn't pay me $1,650,000 to live in Baltimore.
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@AsherHopp
Asher Hopp
5 months
Bankrupt NFT trader calls the inventor of proof-of-work a "moron"
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@AsherHopp
Asher Hopp
3 months
The reason you can't mine #Bitcoin profitably at home is because zombie-corp public miners are operating at enormous losses, and subsidizing their poor business decisions with debt and stock dilution. Hash rate is far too high; its an artificial bubble brought to you by debt.
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@AsherHopp
Asher Hopp
11 months
@CryptoTea_ Bitcoin is like winning the lottery in slow motion.
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@AsherHopp
Asher Hopp
2 years
@techreview Why can't MIT switch from having a multi-billion dollar endowment to being poor? There's no technical obstacle preventing MIT from surrendering it's endowment--just a social one. Here's the thing... The "social issue" you are hand waving over isn't a social issue - it's a
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@AsherHopp
Asher Hopp
23 days
@LynAldenContact Top Gun: Maverick
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@AsherHopp
Asher Hopp
2 years
Name the 10 people who control Bitcoin. I'll wait.
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@AsherHopp
Asher Hopp
29 days
@EricTrump "Don't buy the fake shitcoin scam. Buy the authentic shitcoin scam." Strong post, bro.
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@AsherHopp
Asher Hopp
6 months
Friendly reminder that Bill Ackman isn't in the business of giving you financial advice. For decades Bill has manipulated media into counter signaling his trades. When Bill wants to buy a stock, he will go on TV and talk about how shit the company is to depress price. If he's
@BillAckman
Bill Ackman
6 months
A scenario: Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues. Bitcoin
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@AsherHopp
Asher Hopp
6 months
I'm hearing rumors from friends high up on Wall Street that Bitcoin is scarce. Some fund managers are reportedly telling clients that the total diluted supply is just 21 million... Can anyone confirm/deny this?
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@AsherHopp
Asher Hopp
1 year
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@AsherHopp
Asher Hopp
1 month
@notlouisck @DonalDevine It's popular because they use the infinite supply as a marketing budget to trick sheeple into thinking that infinite supply is ok.
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@AsherHopp
Asher Hopp
1 year
Mempool cleared 25% in 24 hours. This too shall pass! Spamming #Bitcoin is a feature not a bug. If you read @adam3us 's Hash Cash and @JasonPLowery 's SOFTWAR then you understand that the point of R-POW isn't to stop or prevent spam, but to create a financial penalty for doing it.
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@AsherHopp
Asher Hopp
1 year
Building a Bitcoin-denominated capital market. Sign up for waitlist if you want:
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@AsherHopp
Asher Hopp
4 months
Guys go easy on Saylor, he's rich, but he's still a total noob, this is his first halving. I still cringe today at things I said about #Bitcoin 8 years ago!
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@AsherHopp
Asher Hopp
2 years
@jack / @Square / @spiralbtc announced they are producing their first #Bitcoin hardware wallet, made in Austin, TX, to help people self-custody their sats and skip custodians like FTX.
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@AsherHopp
Asher Hopp
1 year
@BillAckman Bill how can anyone trust what you say in public? For decades your public comments have always been selling your book. When COVID struck you got on TV and said it was "worse than hell" without telling us what your positions were. The market tanked after your comments, and then
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@AsherHopp
Asher Hopp
1 year
A year ago I saw some guy I'd never heard of named Ross Stevens talk at a conference in Austin about how he was going to transform the #Bitcoin startup world. Sounded crazy. Anyway, I just spent my summer at @_WolfNYC , the #Bitcoin startup accelerator. Here's a thread about it!
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@AsherHopp
Asher Hopp
8 months
Wow, +200 followers in a day! Welcome to all my new friends, here's what I'm about: 1. I like #Bitcoin . 2. I like nucleonic energy (fission and fusion). 3. I like the philosophy of Musashi Miyamoto, Niccolo Machiavelli, and Marcus Aurelius. 4. I like free market capitalism.
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@AsherHopp
Asher Hopp
3 months
Narrative is shifting. You can feel it. The spammers are losing. The next and last stage will be accepting that filters work, and updating them in bCore. First it was denial: "this isn't spam" Next was acceptance & bargaining: "ok it's spam, but spam is good... *insert
@WhatBitcoinDid
What Bitcoin Did
3 months
“I’m absolutely not here to break Bitcoin…I love Bitcoin, I would never want to do anything to hurt it, and I would not have done any of this if I thought that it would have a negative impact on Bitcoin.” - @rodarmor WBD827
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@AsherHopp
Asher Hopp
6 months
@PeterSchiff Most of what bitcoin miners create gets sold to cover operations cost. Same as gold mining. Therefore the halving events do have a material impact on the amount of Bitcoin being sold.
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@AsherHopp
Asher Hopp
1 month
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@AsherHopp
Asher Hopp
11 months
There is a tidal wave of innovation about to hit #Bitcoin . So many projects and technologies that have been in R&D for years are coming to market. The next 24 months are going to be wild.
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@AsherHopp
Asher Hopp
6 months
@dotkrueger Blackrock holds no bitcoin, it manages it. I think it would be more accurate to say "Blackrock manages more Bitcoin than MSTR holds"
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@AsherHopp
Asher Hopp
2 years
@liron Ok, they leave, new miners step in, and/or difficulty adjusts down to increase revenue for those that stay. The game theory is very strong. It also seems like you don't understand that the tx fee market is rapidly increasing miner revenue?
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@AsherHopp
Asher Hopp
8 months
"If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function." -Satoshi Nakamoto
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@AsherHopp
Asher Hopp
8 months
TLDR: Even if you support Ordinals, and Inscriptions, and every single new op_code proposal, and you also hate OCEAN... you are still supporting censorship in many other ways. You are defrauding yourself if you think you have a moral high-ground.
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@AsherHopp
Asher Hopp
6 months
Shout out to @jackmallers for being one of the most down to earth CEOs. 4 years ago I was setting up my first lightning node, a total newbie. I didn't understand liquidity. I DM'd Jack, who had much better things to do than tech support. He walked me through Channels 101!
@jackmallers
Jack Mallers
6 months
@Strike LFG. If any customer every needs anything please don't hesitate to reach out! We are ready to help 🫡
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@AsherHopp
Asher Hopp
2 years
Update: I've accepted a position as CFO at @ambosstech . I've gotten to know the leadership team over the last year. They are incredible personalities with endless talent, and I genuinely believe Amboss is a company that can change the world. I couldn't be more excited.
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@AsherHopp
Asher Hopp
2 years
@liron You must feel real proud of yourself for that "your logic is vulnerable" comment though. Its amazing how there is no group of people more proud of their ignorance than Bitcoin haters. Try reading and thinking more, & hating less!
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@AsherHopp
Asher Hopp
7 months
Status update... Yuga Labs: -80% Laser eye purists: +164%
@udiWertheimer
Udi | BIP-420 🐱
2 years
Yuga Labs: 735 BTC ($16.5 million USD) Laser eye purists: 0
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@AsherHopp
Asher Hopp
5 months
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@AsherHopp
Asher Hopp
1 month
@BobMcElrath How do you repay $35 T debt without any appreciating assets?
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@AsherHopp
Asher Hopp
5 months
F2Pool lost ~40% of their potential fees by mining jpegs today. I thought inscriptions were supposed to be good for miners? Just another lie I suppose...
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@AsherHopp
Asher Hopp
5 months
@gladstein Since when is subverting regulations not a legitimate use case? America was founded in a bloody conflict to subvert British regulators. Benjamin Franklin and early American minters were very concerned with subverting banks.
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@AsherHopp
Asher Hopp
7 months
The #1 ordinals project by popularity, investment, and brand was called "Twelvefold" by a NFT company called YUGA Labs. The NFT mint happened 1 year ago. The cheapest Twelvefold NFT at mint cost ~2.5 BTC. Today, you can buy a Twelvefold NFT for 0.55 BTC. Down -80% in 1 year 😱
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@AsherHopp
Asher Hopp
6 months
I'm once again going to rain on everyone's parade for no reason. This post is right, but it won't be viral because its not as sexy as a log chart. Oh well, I'll die on the hill of being right over being popular 7 days a week. I'm seeing a bunch of new hype over the "power law"
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@AsherHopp
Asher Hopp
4 months
@coinbase You have no idea how bad of a look it is that on BITCOIN pizza day you are selling pizza for DOLLARS? Bitcoin was created to protect people from the dollar, and you're leasing them right back into the same debt-slavery trap...
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@AsherHopp
Asher Hopp
9 months
@PeterMcCormack @Avik It's a great ad! I just wish they specified that the ad is about #Bitcoin , not about 8 different kinds of dog money.
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@AsherHopp
Asher Hopp
8 months
" #Bitcoin is a protocol like TCP/IP" True! Bitcoin and TCP/IP both use filtering to mitigate spam (even if the spammers are paying all their bills).
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@AsherHopp
Asher Hopp
4 months
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@AsherHopp
Asher Hopp
5 months
In the last 3 months @BitcoinKnots : 1) Major update to v26.1 2) Added to @umbrel 3) Added to @start9labs 4) Added to apt package manager 5) Whitelisted by @Microsoft 6) Gained ~1 EH/s of economic nodes via @ocean_mining Amazing pace & adoption. ROCKET SHIP! GET ON BOARD! 🚀
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@AsherHopp
Asher Hopp
1 year
@pcgamer Fun fact, in 2015 @elahti the Editor in Chief of @pcgamer lamented that it was "tremendously sad" to buy #Bitcoin at $500/BTC. The price is up +60,000% since then.
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@AsherHopp
Asher Hopp
4 months
I'm seeing a growing effort in the #Bitcoin world to convince people that there's some sort of "emergency" with script that we need to fix. Manufactured emergencies have provided a pretext for some of the worst human errors in history.
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@AsherHopp
Asher Hopp
5 months
I still see people saying that GBTC's gargantuan drawdowns are attributable to their high management fees. That is a myth. The main driver is that many GBTC whales from ~2020 are now bankrupt and are liquidating assets to repay debts (Genesis, FTX, 3AC, BlockFi, etc).
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@AsherHopp
Asher Hopp
1 year
@AchimWar Once a price floor comes into focus, the #Bitcoin speculative bubble goes to infinity: Suppose we agree that Bitcoin will never go to $1. Will it ever go to $2? Obviously not, as nobody would continue to sell when the max loss is $1 and potential gains are huge. Now do $3.
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@AsherHopp
Asher Hopp
2 years
There's a lot I skipped, this is just a FEW highlights from last week. In summary - bear markets are when the real growth happens. Bitcoin isn't slowing down, and its never been more exciting. We will win because the truth is on our side. Crypto is dead. Long live #Bitcoin .
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@AsherHopp
Asher Hopp
8 months
Yesterday I gave a presentation about the anti-spam movement in #Bitcoin at @BitDevsLA . There was insatiable interest from the audience - almost an hour of Q&A/discussion from a 20 minute talk. By popular request, here's a link to the slides:
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@AsherHopp
Asher Hopp
9 months
@OwenBenjamin "Since the dollar is always slowly losing value, the way to hold value is to use dollars to buy ... commodities" #Bitcoin is a commodity. You're failing to see the value in the "special, magical" property #Bitcoin has, over other commodities. From Satoshi Nakamoto himself...
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@AsherHopp
Asher Hopp
1 month
@paulvigna @Danainhawaii @brucefenton There's a shocking level of mathematical ignorance in this country. We're truly suffering from an algebra crisis. Paul please complete this worksheet at home and turn it in on Tuesday so I can grade it.
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@AsherHopp
Asher Hopp
6 months
@RussellOkung You... Are reluctant about lightning because it isn't addressing the needs of developing countries sufficiently, and instead you are pivoting to NFT's and altcoins??? Help me see the light on this.
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@AsherHopp
Asher Hopp
8 months
Its all so tiresome.
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@AsherHopp
Asher Hopp
1 year
@stoolpresidente @BasedMikeLee Been there, Dave. When I was working for US Army special operations the Washington Post ran an article about some overseas events. They lied about what happened. I know because I was there. I wasn't allowed to correct the record publicly because it was classified.
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@AsherHopp
Asher Hopp
5 months
This UFC star @moicanoufc will be remembered as the most influential athlete of the century. Instead of using his platform to promote a cheap alcohol brand, he is promoting knowledge and wisdom. Renato is a once-in-a-generation star.
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@AsherHopp
Asher Hopp
29 days
@DonaldJTrumpJr Bitcoin, not crypto...
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@AsherHopp
Asher Hopp
1 year
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@AsherHopp
Asher Hopp
8 months
Dear ideological Ordinal Inscribers, If you genuinely believe there is no way to stop spam in the utxo set, then you don't need to write lengthy blog posts whining about anti-spam rhetoric. Just let the anti-spam movement continue on a "futile" mission in peace. Love, Asher
@rodarmor
Casey
8 months
Dear ideological Bitcoin maxis, I wrote a blog post on how to suck less. Love, Casey
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@AsherHopp
Asher Hopp
2 years
Look at @river , trying to trick me into tweeting about them by bribing me with a random unsolicited swag box including a T-shirt, stickers, @LittleBitcoinBk , a $50B Zimbabwe bill, and a nice handwritten letter. Your ploy will never work, I see what you're doing.
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@AsherHopp
Asher Hopp
2 years
Mining with @FutureBit ! I saw them at @pacificbitcoin and decided to pick one up. Great UX, easy to set up, nice and quiet. 2TH/s is enough revenue to buy 1 coffee a month at today's hashprice, but I love having this thing on my desk regardless of the P&L.
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@AsherHopp
Asher Hopp
1 year
@zerohedge Seems weird to me that @elonmusk allows Biden to be "verified" when the actual human, Joe Biden, doesn't have access to his Twitter account. Shouldn't the @JoeBiden account be renamed to "Staff of Joe Biden" instead of "Joe Biden"?
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@AsherHopp
Asher Hopp
2 years
@liron There are many PoW networks which are 10x or more vulnerable to 51% attack as #Bitcoin , yet they remain unaffected. It could easily be argued that Bitcoin's security budget is too high right now.
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@AsherHopp
Asher Hopp
8 months
The "ignore us" phase is deep in the rear-view mirror. @ecb can't stop tweeting about #Bitcoin today.
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@AsherHopp
Asher Hopp
5 months
There are 3 #Bitcoin mining pools: 1) China 2) NSA 3) @ocean_mining
@mononautical
mononaut (tx/acc)
5 months
A single custodian now controls the coinbase addresses of at least 9 pools, representing 47% of total hashrate. As demonstrated by this consolidation of mining reward outputs from AntPool, F2Pool, Binance Pool, Braiins, btccom, SECPOOL and Poolin:
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@AsherHopp
Asher Hopp
2 years
Conferences & events. I attended @pacificbitcoin , a phenomenal opportunity to network and learn about new #Bitcoin projects. This week was also @AdoptingBTC in El Salvador, and in spite of media naysayers the El Salvador's Bitcoin law is attracting huge investments.
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@AsherHopp
Asher Hopp
5 months
#Bitcoin trivia time... These are some screenshots from an inscription NFT marketplace, showing a stupid collection of useless jpegs. Question: Why is the UTXO size for each of these inscriptions exactly 546 sats?
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@AsherHopp
Asher Hopp
4 months
It's time to get back to basics. #Bitcoin is money.
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@AsherHopp
Asher Hopp
8 months
@Pledditor Nobody cares about nuance anymore. Twitter virtue signalers just want to dunk on the other guy for being pro-censorship, while they themselves support a wide variety of arbitrary censorship algorithms.
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@AsherHopp
Asher Hopp
1 year
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@AsherHopp
Asher Hopp
2 months
OCEAN mines +70% more transactions per block than other pools.
@GrassFedBitcoin
Mechanic #FixTheFilters #300kb
2 months
Thanks @jonatack ! Thousands of transactions making it into ocean blocks that would otherwise take longer or not get in at all. All while earning miners more sats than spam pools. It's a very strange time to be a miner.
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@AsherHopp
Asher Hopp
8 months
@markgoodw_in Wrong. Bitcoin is a UTXO storage network, not a generalized file storage network. That's like saying your gas tank in your car is a water bottle. Sure, you can put water in it, but that's not what it is.
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@AsherHopp
Asher Hopp
10 months
@BitcoinNewsCom Economist? He's a gold salesman.
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@AsherHopp
Asher Hopp
7 months
@GerberKawasaki When there's a drought: "climate change is real" When it rains: "climate change is real" Truth: climate change is real, but anthropomorphic activity is not responsible for most of it, and CO2-generating energy has saved more lives than climate change will ever take
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@AsherHopp
Asher Hopp
5 months
@granawkins Most of the visual complexity from 2->3 is still there, its just hidden on the inside. Instead of funneling coolant through external tubes, they mill (or AM?) small channels inside the walls of the component to flow coolant.
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@AsherHopp
Asher Hopp
2 months
Influencers keep suggesting that ETF managers like BlackRock are shorting #Bitcoin and suppressing the price. I think this is an unfounded conspiracy theory and extraordinarily unlikely, and there are far simpler explanations for why we aren't moon yet. TLDR at bottom. 1.
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@AsherHopp
Asher Hopp
2 years
Politics and business leaders who previously hitched their wagon to #Bitcoin are doubling or tripling down. Strong statements by @PrincFilip1 of Serbia, @nayibbukele of El Salvador, @saylor of MicroStrategy, @jackmallers of Strike.
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@AsherHopp
Asher Hopp
2 years
@liron If your and Jamie's thesis was remotely coherent, we would see miners today having less fiat-denominated revenue than 4 years ago at the same point in the halving cycle. Of course this isn't true, and miners will make more dollar denominated revenue this cycle than last.
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@AsherHopp
Asher Hopp
2 years
So I bought @JasonPLowery 's SOFTWAR and it arrived! To my shock I made it to the acknowledgements (under my old Twitter nym). I honestly didn't expect that honor, thank you. Looking forward to reading this and posting more detailed comments. Semper supra!
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@AsherHopp
Asher Hopp
14 days
If you think " #Bitcoin already won" then your idea of what winning looks like is pathetic.
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@AsherHopp
Asher Hopp
10 months
I'm old enough to remember 4 weeks ago when Lightning was doomed because of a critical vulnerability and it was unfixable and it was time to move on to other ideas.
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@AsherHopp
Asher Hopp
5 months
I'm extremely skeptical that a pink sheet company with a market cap under $1M USD will be able to raise $1B to buy #Bitcoin Good luck to them, but if I had to wager I'd guess this transaction never materializes.
@BitcoinNewsCom
Bitcoin News
5 months
BREAKING: South American gold and precious metals producer Nilam Resources announces that it plans to purchase 24,800 #Bitcoin (approximately $1.7 billion) 👀🙌
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@AsherHopp
Asher Hopp
5 months
Cardano daytraders doing their first runes
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@AsherHopp
Asher Hopp
2 years
I was lucky enough to be present when @1MarkMoss announced the Bitcoin Opportunity Fund, with a huge vision to build up a lot of aspects of the Bitcoin ecosystem in collaboration with heavyweights like @jameslavish @FossGregfoss @DAAF17 and @LawrenceLepard .
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