Neil Woodfine @nwoodfine Twitter profile

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Neil Woodfine

7 years

Bitcoin, if it works, is the trigger for the next major enlightenment. It forces normal people to think in ways they never had to before.

Gabriel D Vine

@GabrielDVine

7 years

Things I wasn't interested in before #Bitcoin : Information theory Game theory Computer science Cryptography Economics Rhetoric Ethics

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Neil Woodfine

@nwoodfine

3 years

Okay, fess up. Who are the hodlers who sold *$1.5 billion* of bitcoin?

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Neil Woodfine

@nwoodfine

7 years

Understanding bitcoin VS. when to buy and when to sell

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Neil Woodfine

@nwoodfine

3 years

1/ My prediction for the 2021 bitcoin bull run: i. Price hits a minimum $100k+ peak. ii. Western governments introduce unprecedented emergency regulations, such as withdrawal bans, turning off the buy button, and investor restrictions...

Dylan LeClair 🟠

@DylanLeClair_

3 years

Utter disbelief.

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Neil Woodfine

@nwoodfine

6 years

All these years later, The Pirate Bay is still up. How on Earth do people think someone can stop bitcoin?

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Neil Woodfine

@nwoodfine

5 months

For all those "planning" on selling a significant portion of your stack at the top of this #bitcoin cycle to buy back lower in the subsequent bear market, here's some things to bear in mind: 1. Your technical analysis is unreliable If there's one thing bitcoin is consistent

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Neil Woodfine

@nwoodfine

4 years

Remember the “blockchain not bitcoin” guys?

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Neil Woodfine

@nwoodfine

4 years

Bitcoin experts: “I’m not an expert, don’t trust me, do your own research.” Modern healthcare experts: “I’m an expert, trust me, DEFINITELY don’t do your own research.”

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Neil Woodfine

@nwoodfine

7 years

My friend’s girlfriend is a teacher and found this on the classroom floor this morning...

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Neil Woodfine

@nwoodfine

5 years

1/ Bitcoin deals with money. Separating money from the state. Managing people’s life savings. People’s livelihoods depend on it. The path of civilisation is altered by the money its built on. Dangerous, risky stuff. A lot is on the line.

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Neil Woodfine

@nwoodfine

3 years

Bitcoin needs more entrepreneurs, more apps, and more services, less educators, less councils, and less accords.

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Neil Woodfine

@nwoodfine

6 years

Altcoiners call bitcoiners rude. You know what I think’s rude? Crowdraising millions of dollars, producing nothing of value, then standing on stage and lecturing an audience on token economics.

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Neil Woodfine

@nwoodfine

5 years

Soon

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Neil Woodfine

@nwoodfine

5 years

1/ "What happens when the internet gets switched off?" Despite the best hopes of many salty nocoiners, a surprising number of great engineers have been thinking about how to keep bitcoin running in offline environments.

Neil Woodfine: Who needs the Internet anyway?

Neil Woodfine talks his audience through ways of doing Bitcoin transactions offline at an event in Zurich, Switzerland.

www.youtube.com

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Neil Woodfine

@nwoodfine

2 years

Ok guys, I think we have enough bitcoin podcasts now.

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Neil Woodfine

@nwoodfine

2 years

Bitcoin and ego don’t mix.

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Neil Woodfine

@nwoodfine

2 years

Bitcoin maximalists. The small, fringe, irrelevant group that everyone’s always talking about.

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Neil Woodfine

@nwoodfine

5 months

No, #bitcoin drawdowns are not going to get significantly smaller from this cycle onwards because the majority of capital is now institutional and institutions are "intent on just buying and holding". How much more evidence do you need that institutions are even more degen than

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Neil Woodfine

@nwoodfine

3 years

“Threat.” Not a coincidence.

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Neil Woodfine

@nwoodfine

6 years

Bitcoiners: “Bitcoin.” IMF: “No intrinsic value. Tulips.” Bitcoiners: “Bitcoin!” IMF: “Too volatile, will never become a real currency.” Bitcoiners: “BITCOIN!” IMF: “Crypto assets.”

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Neil Woodfine

@nwoodfine

6 years

1/ The invention of bitcoin can be compared to the invention of any man-made tools. Primitive humans had to make do with what they could find, using raw nature as means to achieve their ends. Fallen sticks as weapons, a cave as a home, leftover furs as clothing.

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Neil Woodfine

@nwoodfine

4 months

No one’s saying that a bitcoin standard would literally end all wars. The argument is simply that by strictly limiting the state’s access to credit and seigniorage, the scale and length of wars will decrease significantly.

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Neil Woodfine

@nwoodfine

4 years

THIS SAME THING IS HAPPENING AS PREVIOUS HALVENINGS BUT THIS DEFINITELY HAS GOT NOTHING TO DO WITH THE HALVENING

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Neil Woodfine

@nwoodfine

5 years

Muh roads

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Neil Woodfine

@nwoodfine

3 years

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Neil Woodfine

@nwoodfine

3 years

Governments are not going to ban Bitcoin. They will attempt to capture and corrupt it. Any apparent embrace of Bitcoin by a government should be treated with suspicion until it demonstrates commitment to the principles of sound money, self-sovereignty, and censorship resistance.

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Neil Woodfine

@nwoodfine

4 years

If you're buying bitcoin because you want to, not because you have to, you're early.

Bitcoin is Saving

@BitcoinIsSaving

4 years

You’re not late to Bitcoin. You’re early.

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Neil Woodfine

@nwoodfine

3 years

I'm excited to reveal that I've joined the increasingly stellar (lunar?) team at @unchainedcap as Head of Marketing, where I'll be working on making sure Unchained's excellent Bitcoin multisig products get into more people's hands.

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Neil Woodfine

@nwoodfine

4 years

IT'S A GOOD JOB EVERYONE WORKED ON BITCOIN PAYMENTS TO ATTRACT ALL THIS ADOPTION

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Neil Woodfine

@nwoodfine

3 years

It takes a particularly nasty, condescending mentality to imagine a majority of adults being incapable of quickly learning to self-custody their bitcoin.

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Neil Woodfine

@nwoodfine

2 years

Bitcoin maximalism is only getting stronger, and anyone that says otherwise is letting their emotions get in the way of their reasoning. There’s never been so many bitcoin-only events and bitcoin-only companies.

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Neil Woodfine

@nwoodfine

3 years

There is no hysterical outraged lynchmob. Bitcoiners, individually, simply don’t want KYC compliance features creeping into their non-custodial wallets. Zero tolerance is a reasonable position.

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Neil Woodfine

@nwoodfine

4 years

If you don’t like “Bitcoin fixes this,” you’re still underestimating how influential money is in shaping the nature of civilisation.

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Neil Woodfine

@nwoodfine

5 years

I've tried to ignore it, but after catching a few clips of Zuck getting roasted by exceptionally stupid, inarticulate, aggressive bureaucrats—if this doesn't convert him to a raging anarco-capitalist intent on replacing the existing system, nothing will.

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Neil Woodfine

@nwoodfine

3 years

5/ GameStop & Robinhood established a clear precedent: a) When the establishment is threatened, it will react in extreme ways to protect its interests, and, b) Corporates are highly compliant and will act against their own best interests to stay in business.

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Neil Woodfine

@nwoodfine

3 years

15/ Bitcoiners will quickly get creative with the technology (more peer-to-peer, more private, more censorship resistant, less custodial) and with jurisdictional arbitrage. Readying bitcoin's infrastructure for the next—possibly the last—bitcoin bull run of 2025.

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Neil Woodfine

@nwoodfine

5 years

Neil Woodfine

@nwoodfine

5 years

Nakamoto Institute > Cato Institute

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Neil Woodfine

@nwoodfine

5 years

5/ If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.

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Neil Woodfine

@nwoodfine

2 years

The cluelessness of experienced shitcoiners who should know better is astounding.

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Neil Woodfine

@nwoodfine

3 years

9/ My expectation is that this bitcoin revolution is going to be advanced, defended, and completed by bitcoiners and bitcoiners only. The big businesses of the post-hyperbitcoinization future will have mostly emerged from bitcoin's roots, in alignment with bitcoin's values.

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Neil Woodfine

@nwoodfine

7 years

Blockchain's killer app: conferences

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Neil Woodfine

@nwoodfine

3 years

1/ The WEF’s “you’ll own nothing and you’ll be happy” is going further than we first realised. At the foundation of private property, in any interpretation, is the ownership over oneself. The vaccine mandates are a culmination of the attack on this principle.

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Neil Woodfine

@nwoodfine

3 years

3/ Some have likened Tesla's entry into bitcoin as a watershed moment of bitcoin finally mainstreaming. Well, with the mainstreaming, the real games begin, and bitcoin's proper enemies (not amateur-hour big blockers) rear their ugly, fanged heads.

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Neil Woodfine

@nwoodfine

5 years

In my experience, “getting” bitcoin is normally not a question of how smart someone is, but instead a matter of how emotionally attached they are to their existing worldview.

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Neil Woodfine

@nwoodfine

5 years

The original “not your keys not your bitcoins.”

Marty Bent

@MartyBent

5 years

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Neil Woodfine

@nwoodfine

6 years

1/ A paraphrased response to someone asking what I think is wrong with the level of understanding of bitcoin, blockchain and crypto right now:

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Neil Woodfine

@nwoodfine

6 years

Reading Mises

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Neil Woodfine

@nwoodfine

3 years

There are only two possible destinations for the Bitcoin Mining Council: it will either be disbanded or quickly expand its purview from arbitrary energy usage to transaction compliance and surveillance.

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Neil Woodfine

@nwoodfine

3 years

2/ ... iii. Price dumps, most of the new corporate investors panic sell. iv. Repeat the usual halvening cycle, as hodlers of last resort hold the line at a higher low and the industry adapts, evolves, routes around the new regulations. Life, uh, finds a way.

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Neil Woodfine

@nwoodfine

5 years

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Neil Woodfine

@nwoodfine

7 years

Garzik launches ICO for bitcoin “competitor” to solve fork risks! It doesnt get better than this! Happy Halloween!👻😂

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Neil Woodfine

@nwoodfine

3 years

“This DAO is gonna be managed by me now Directly.”

Richard Bensberg

@richardbensberg

3 years

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Neil Woodfine

@nwoodfine

5 years

6/ It is *you* that have to adapt to bitcoin culture. Bitcoin should not be expected to adapt to you. If it did, bitcoin would become weak. Like you. You don’t build a historic monetary paradigm shift wearing kid gloves.

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Neil Woodfine

@nwoodfine

4 years

The adults are coming! And they’re going to fix bitcoin!

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Neil Woodfine

@nwoodfine

1 year

Just occurred to me that the people that attribute inflation to any other reason except an increase in the money supply and the people that claim a fixed supply money would cause a deflationary spiral are the same people.

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Neil Woodfine

@nwoodfine

3 years

Just this one little bitcoin address-ID tagging protocol for a small group of users, then they'll leave us alone.

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Neil Woodfine

@nwoodfine

5 years

3/ Bitcoin industry culture is therefore *necessarily* one of extreme skepticism, cynicism, rigorous review, and forthright language. Regardless of whether you’re discussing bitcoin development, business, or economics, no one is safe.

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Neil Woodfine

@nwoodfine

6 years

1/ Just "believing in bitcoin" doesn't put you on "the same team". Belief in a miner-driven, trustful, low fee, big block bitcoin, is totally at odds with the node-sovereign, trustless, high fee, resource-constrained bitcoin.

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Neil Woodfine

@nwoodfine

5 years

Bitcoin turns people into gun rights advocates. If you're not an advocate yet, you're just not far enough down the rabbit hole.

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Neil Woodfine

@nwoodfine

5 years

Under Universal Basic Income, no one will ever run out of money.

Dan Held

@danheld

5 years

Venezuelans are just throwing money on the streets now.

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Neil Woodfine

@nwoodfine

4 years

Authorities, Feb: “Masks don’t work.” Internet, Feb: “Masks work.” Authorities, Apr: “Masks work, we’re taking all your masks.” Authorities, 2020: “Bitcoin doesn’t work.” Internet, 2020: “Bitcoin works.” Authorities, 2025: “Bitcoin works, we’re taking all your bitcoin.”

Samson Mow

@Excellion

4 years

Welcome to America, where society should take from citizens according to each one's ability and distribute to each according to need. #COVID19

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Neil Woodfine

@nwoodfine

5 years

This regularly blows my mind too. An entire WORLD of economics academics, and barely a handful deem bitcoin worthy of a genuine investigation. Despite its historically unprecedented performance. When people say academia is broken, they aren't using strong enough words.

Nick Szabo

@NickSzabo4

5 years

@Rafish1 I have one. Have tweeted about it a lot. Saf and many Bitcoin investors have some. But of the many other professional or professorial economists I've seen talking about Bitcoin, even lame attempts at a fundamental explanation of this strong market signal seem few and far between.

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Neil Woodfine

@nwoodfine

6 years

1/ Our parents were led to forget—no, outright reject—the ideological underpinnings that make the UK a nice place to live. Based on discussions with friends and family, apathy rules. Authorities have almost zero opposition, free to do as they please. “If youre not doing wrong...”

Bruce Fenton

@brucefenton

6 years

The UK has armed men steal your money by force if you dare to cover your face from their cameras who might mistake you for an undesirable. The UK & EU are completely out of their minds. These same lunatics lecture us about firearm rights as they march toward totalitarian doom.

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Neil Woodfine

@nwoodfine

3 years

Is it me or did @nic__carter suddenly get very based?

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Neil Woodfine

@nwoodfine

4 years

NOOOOO!!! YOU CAN'T JUST SAVE IT!!!

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Neil Woodfine

@nwoodfine

3 years

"looks like four-year cycles"

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Neil Woodfine

@nwoodfine

4 years

Bitcoin is not inflation resistant, your full node is.

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Neil Woodfine

@nwoodfine

3 years

Neil Woodfine

@nwoodfine

7 years

Bitcoin seems to be under some kind of voodoo spell. People that attack it seem to be turned increasingly insane.

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Neil Woodfine

@nwoodfine

5 years

2/ In addition to this, the vast majority of the industry surrounding bitcoin is comprised of scammers and their “agnostic” enablers. Fraudsters and charlatans that knowingly exploit the lack of understanding in this new technology to profit handsomely at others’ expense.

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Neil Woodfine

@nwoodfine

4 years

1/ So much of the debate is around how deadly COVID is, or the effectiveness of the lockdowns, or the magnitude of the collateral damage. But that immediately concedes the frame to the tyrants, both large and small.

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Neil Woodfine

@nwoodfine

4 years

At least we already know what to call Raoul’s regulated KYC bitcoin shitfork...

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Neil Woodfine

@nwoodfine

7 years

Bitcoin seems to be under some kind of voodoo spell. People that attack it seem to be turned increasingly insane.

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Neil Woodfine

@nwoodfine

6 years

Whoever came up with the "nocoiner" thing needs a medal. No one wants to be a nocoiner. It's just not cool. Brilliant PR.

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Neil Woodfine

@nwoodfine

3 years

If you don’t get why people bitcoin, observe how authorities are simultaneously banning “the unvaccinated” from public life while also banning cash and introducing centrally-controlled digital currencies.

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Neil Woodfine

@nwoodfine

3 years

12/ So, once again, people need to make peace with seeing their bitcoin wealth to go up *a lot*, then down *a lot*, all in the near future. But that's not so gloomy, it's exactly what we saw 2013-2014 and 2017-2018. And the bear markets are anything but boring.

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Neil Woodfine

@nwoodfine

3 years

Around 80-90% of people now instinctively twist their body away from you (most) or dodge as they walk past you on the street or in the supermarket. Complete neurosis has taken hold. The psychological damage from this hysteria will take years to repair.

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Neil Woodfine

@nwoodfine

2 years

1/ The vast majority of bitcoin users are passive. They will never care about any technical discussion on protocol upgrades. Whether they save or spend, hold a lot or a little, they simply use a bitcoin wallet and get on with their lives. This is just a fact, it will not change.

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Neil Woodfine

@nwoodfine

3 years

6/ NgU + corporate holders of bitcoin offer little protection for bitcoin against totalitatian regulation. Most incumbent big businesses around the world are falling over themselves to do as they're told. They also hold their bitcoin in custody. Their nuts are in the vice.

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Neil Woodfine

@nwoodfine

3 years

Bitcoin is anti-democratic and will use increasingly more energy. Bitcoiners either have to confidently own that, or spend a lifetime meekly trying to ninja their way out of it.

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Neil Woodfine

@nwoodfine

6 years

"Is this Satoshi?"

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Neil Woodfine

@nwoodfine

6 years

The year is 2142. - Bitcoin’s inflation has finally ended - The first decent iOS bitcoin wallet has been released.

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Neil Woodfine

@nwoodfine

4 years

You silly sausage, you dufus, if you want roads, you need to pay taxes! PS. I live in the Caymans.

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Neil Woodfine

@nwoodfine

5 years

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Neil Woodfine

@nwoodfine

3 years

4/ It's easy to argue against the idea of governments crudely banning bitcoin. But this distracts from the other measures they are likely to attempt to contain or coopt the thing. A full ban in some places is still possible, but the policies are probably going to be more crafty.

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Neil Woodfine

@nwoodfine

6 years

Erik Voorhees, unapologetic S2X supporter, losing relevance to people with better, more cosntructive descriptions of reality:

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Neil Woodfine

@nwoodfine

5 years

8/ Try going to a bitcoin-only event. Attendees are typically straightforward, collaborative, and technology-focused. If you somehow find yourself feeling broadly unwelcome, your ideas probably suck. You should revise them and be humble.

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Neil Woodfine

@nwoodfine

3 years

8/ Assuming some high-profile announcements from global regulators, and bitcoin making moves down ~$10k a day, it's very easy to imagine a string of public announcements from corporates announcing the liquidation of their holdings. Most were only in it for the pump anyway.

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Neil Woodfine

@nwoodfine

3 years

Many of the most freedom-loving, skeptical people I know are getting the shot in preparation to travel. Somehow, they don't get that this is not intended to be a one-off—that compliance with one signals compliance with another. And then another. We're in trouble.

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Neil Woodfine

@nwoodfine

4 years

TIL bitcoin needs KYC and regulation so that we can have roads.

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Neil Woodfine

@nwoodfine

5 years

7/ If you do manage to adapt, you’ll discover that the bitcoin industry is a very friendly, kind, supportive, and stimulating place. Everyone has time for each other. People are earnest—you encounter far less of the fakery and empty platitudes found in crypto circles.

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Neil Woodfine

@nwoodfine

3 years

7/ The idea that the next bear market can not be as cataclysmic as 2014 or 2018, because the corporate adults are here now, is wrong.

Neil Woodfine

@nwoodfine

4 years

7/ It takes time to get bitcoin, to understand the long-term hodler mentality. Some longer than others. The institutions which are used to getting ahead thanks to their regulatory moats and cheap-money fiat connections are going to be in the longer category.

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Neil Woodfine

@nwoodfine

3 years

Incredible that one relatively small jurisdiction can cause the adoption of KYC compliance in so many self-custody wallets with such ease. Not even Swiss-based, not even forced.

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Neil Woodfine

@nwoodfine

5 years

4/ Bitcoin is better for it. Dangerous products are rooted out quickly, catastrophic losses are avoided, people know what’s private and what’s not, damage caused by scammers is strictly limited, dead ends are avoided early, progress is sustainable. The system keeps running.

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Neil Woodfine

@nwoodfine

3 years

"We're all on the same team bro" cry shitcoiners as they simultaneously wage a PR campaign against the bitcoin network's energy usage.

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Neil Woodfine

@nwoodfine

4 years

I apologise for my Blockstream colleagues attempting to start a bits revival.

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Neil Woodfine

@nwoodfine

6 years

Bitcoin is not stored energy. It’s not backed by energy. It’s not stored time. It’s a commodity and it takes energy to obtain it, that’s it.

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Neil Woodfine

@nwoodfine

3 years

10/ Although existing big businesses have a lot to gain from bitcoin adoption, they have everything to lose from regulator interventions—which take place both in public...and behind closed doors. Bitcoin upstarts, on the other hand, have nothing to lose and everything to gain.

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Neil Woodfine

@nwoodfine

3 years

14/ If anything, this upcoming bear market should be plenty exciting. The stakes will be higher. Real pressure will be on from the House of Fiat (and the bitcoin obituaries will be out in full force). A more resilient industry will necessarily emerge.

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Neil Woodfine

@nwoodfine

3 years

Bitcoiners are all like “stack sats, stack sats” then they go spend money on books full of nothing.

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Neil Woodfine

@nwoodfine

5 years

12/ Instead of focusing on who said what and how it made you feel when they said it, try doing something. Build something useful. Do you want to change the way money works forever, or not?

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