Professor OneDigit @onedigitmoney Twitter profile

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Professor OneDigit

2 years

Vitalek Buterin says the problem with PoW is that it operates within the constraints of real-world physics requiring electricity, hardware, and computers. Exactly. But this is a feature, not a liability.

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Professor OneDigit

@onedigitmoney

7 months

Bitcoin models fascinate me. I spent over three decades in engineering academia modeling everything from radar and sonar to MRI signals and X-rays. I know a little about modeling. @dotkrueger @Giovann35084111 You seem surprised at the resistance. @IIICapital @allenf32

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Professor OneDigit

@onedigitmoney

7 months

Let's have fun discussing models. But I suggest more humility in making claims about what these models show.

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Professor OneDigit

@onedigitmoney

7 months

If you appreciated the perspective in this thread, please repost so I'll be more likely to get some engagement with the power-law evangelists.

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Professor OneDigit

@onedigitmoney

7 months

My critique: A high correlation doesn't prove a model has predictive value. It doesn't say anything about whether the phenomenon being captured by the model will persist into the future. For that, you need some kind of qualitative justification for persistent underlying behavior

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Professor OneDigit

@onedigitmoney

1 year

In a new piece for @BitcoinMagazine , I share what I learned by teaching a university Bitcoin course. Students grew considerably in their appreciation for Bitcoin by taking a full course for credit. This can be a model for moving Bitcoin adoption forward.

Exploring Bitcoin in the University: Preparing A Foundation For Widespread Adoption

A look at what role Bitcoin education has in the university setting from a professor teaching it.

bitcoinmagazine.com

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Professor OneDigit

@onedigitmoney

7 months

Modeling the decline of bee populations is fine because the bees don't care about your model. Telling people they're going to have a profitable investment opportunity in six months incentivizes them to deviate from the model and act sooner.

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Professor OneDigit

@onedigitmoney

7 months

Modeling human behavior is particularly problematic when the model itself can influence future behavior.

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Professor OneDigit

@onedigitmoney

7 months

Let me suggest four reasons why people are skeptical. First, a lot of bitcoiners are (thankfully) influenced by Austrian economics. Austrian economics argues from first principles and has a healthy skepticism toward modeling aggregate human behavior with math.

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Professor OneDigit

@onedigitmoney

2 years

7/ In short: - Proof of work proves and enforces scarcity - Proof of work creates a fair distribution system by connecting the digital representation to real-world work done to create the asset Proof of stake does neither of these things in a clear, open way.

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Professor OneDigit

@onedigitmoney

7 months

Second, bitcoiners are anti-influenced by crypto traders with all their lines and indicators and charts. A predictive model smacks of the same thing, with the suggestion that you can use it to get in and out of the market and come out ahead. This is contrary to the bitcoin ethos.

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Professor OneDigit

@onedigitmoney

7 months

I realize adoption doesn't go on forever like an exponential. It's easy enough to use a logistic function, which starts exponentially and accounts for the fact that the population of potential adopters is limited and the amount of value in the world is limited.

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Professor OneDigit

@onedigitmoney

7 months

An argument that, well, "power laws show up all over the place in nature" is well and good. But it does nothing to show that it's relevant to *this* situation. It may make it more plausible but doesn't specifically address persistence outside the data window.

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Professor OneDigit

@onedigitmoney

2 years

@_Checkmatey_ @danheld Let's consider the stability of the peg of the ZUSD BTC-backed stablecoin produced by the @SovrynBTC Zero protocol. Stable pegs are essential to a viable stablecoin. 💪 1/ A thread 👇

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Professor OneDigit

@onedigitmoney

7 months

Third, whether correct or not, most people are heavily influenced by some form of the efficient market hypothesis. It is difficult to accept that a simple and easily verified model like a power-law model actually has predictive value. Otherwise, it would be priced in, right?

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Professor OneDigit

@onedigitmoney

7 months

At least I can offer a simple rationale for an exponential: growth rate is proportional to the number of holders who are talking about it in their circle of influence. As long as this is constant, demand grows exponentially. Yes, it's an assumption. But at least I can identify it

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Professor OneDigit

@onedigitmoney

7 months

Fourth, with all the models out there, bitcoin is bound to line up with *something*, right? The fact that you found a model that has a high correlation may say nothing more than that there are lots of models out there and that you were very diligent to look.

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Professor OneDigit

@onedigitmoney

7 months

Saying that power laws are superior to exponentials because exponentials blow up is just flat wrong. The last time I checked, power laws go to infinity too when the exponent is greater than 0.

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Professor OneDigit

@onedigitmoney

2 years

Every bitcoiner knows "not your keys, not your coins." So how is it possible to use your bitcoin as collateral for even a basic financial transaction like borrowing? 1/ A thread 🧵

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Professor OneDigit

@onedigitmoney

7 months

@dotkrueger @Giovann35084111 @IIICapital @allenf32 I'm a committed bitcoiner. It's not merely an academic question for me. But it includes an academic question for me. 🙂

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Professor OneDigit

@onedigitmoney

9 months

Scaling and building flexible layers on top of bitcoin is a massively important effort. Sovryn is helping to drive this effort through the BitcoinOS project. Besides that, the graphics are absolutely awesome!

Sovryn | DeFi for Bitcoin

@SovrynBTC

9 months

Does Bitcoin seem frozen in time? Other chains have smart contracts, scaling layers, rollups - and Bitcoin? Introducing BitcoinOS: a superlayer of interoperable rollups turning Bitcoin into a global operating system. Innovation is coming to Bitcoin! #BitcoinOS Link⬇️

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Professor OneDigit

@onedigitmoney

1 year

In 2015 Trace Mayer wrote about the seven network effects of bitcoin: 1. speculation 2. merchant adoption 3. consumer adoption 4. security 5. developer mindshare 6. financialization 7. adoption as a world reserve currency @tracemayer @CaitlinLong_

The Seven Network Effects of Bitcoin | Satoshi Nakamoto Institute

The […] listed network effects can only serve to strengthen [Bitcoin]. Competitors beware.

nakamotoinstitute.org

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Professor OneDigit

@onedigitmoney

7 months

@plainscotchtape @dotkrueger @Giovann35084111 @IIICapital @allenf32 Exactly. Plus, "a lot" is a pretty subjective amount. I haven't met many bitcoiners who are satisfied that they have a lot. 🙂

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Professor OneDigit

@onedigitmoney

7 months

@Sinz_Bitguide @dotkrueger @Giovann35084111 @IIICapital @allenf32 This is what I've been trying to say to them, but they ignore me and press on with more YT videos and X threads. 😂 Hoping to get some traction on this thread so they'll engage, in spite of my tiny following, so a repost would be appreciated.

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Professor OneDigit

@onedigitmoney

1 year

Today is Bitcoin White Paper Day! The posting of the Bitcoin white paper on October 31 (in 2008) by Satoshi Nakamoto was the second most important historical event on that day of the year. What was the most important?

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Professor OneDigit

@onedigitmoney

2 years

Stablecoins with centralized collateral are a trojan horse of the failing banking system in the crypto space. There has never been a more urgent need for bitcoin-backed stablecoins. It's early, but it looks like @SovrynDollar can be a viable alternative to USDT/USDC/DAI.

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Professor OneDigit

@onedigitmoney

1 year

I have the privilege of teaching a university course on #Bitcoin . I'm an engineering academic by experience, but my goal is to make the course accessible to non-engineers as well. I want to connect with others who are making similar efforts. @lopp @Croesus_BTC @luke_broyles

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Professor OneDigit

@onedigitmoney

2 years

Created a dashboard with any data you might want to know about Zero on @SovrynBTC

Sovryn Dollar | DLLR

@SovrynDollar

2 years

Zero protocol analytics page created by the amazing @onedigitmoney . Take a look to track $DLLR up to date stats.

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Professor OneDigit

@onedigitmoney

2 years

Crypto exchanges are scrambling to demonstrate their reserves after the FTX debacle. Meanwhile, @SovrynBTC never needed to because all users custody their own assets, and all activity is visible on the RSK blockchain. Which way seems better to you?

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Professor OneDigit

@onedigitmoney

2 years

This is an important development in bitcoin sidechains and a huge vote of confidence in the integrity and security of Rootstock. If you hold a form of wrapped BTC on Ethereum and are concerned about centralization and regulatory risk, you might consider holding RBTC on Rootstock.

Sovereign Matt

@Sovereign_Matt

2 years

Now there is no limit into how much BTC you can move to Rootstock sidechain now. I mean 21 Million BTC is now the limit from the max limit of 4000 BTC. I wonder if a big wave of BTC will come to @rootstock_io and @SovrynBTC this year?

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Professor OneDigit

@onedigitmoney

2 years

"The FTX story flips the question: Why should people trust their money to a third party if they don’t have to?"

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Professor OneDigit

@onedigitmoney

2 years

Zero is happening now. Bitcoin maxis and hodlers, don't you dare succumb to selling your bitcoin when you could take out a highly collateralized loan and pay your bills with zero interest and no tax liability.

Zero: Magic internet borrowing at 0% interest | Sovryn

Jun 03, 2022—Bitcoin is sometimes referred to as magic internet money. Thanks to Zero on Sovryn, we now have magic internet borrowing—with 0% interest. But how does the magic of a 0% interest loan on...

sovryn.com

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Professor OneDigit

@onedigitmoney

1 year

Could this be the Microstrategy @saylor moment for the Sovryn Dollar? First bitcoin-backed stablecoin to be used as a treasury asset by a publicly traded company. Self-custody of dollar-valued treasury asset backed by non-custodial bitcoin.

Exodus

@exodus_io

1 year

Exodus Announces Addition of @SovrynBTC $DLLR to Company Treasury -

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Professor OneDigit

@onedigitmoney

9 months

This is exciting!

Sovryn | DeFi for Bitcoin

@SovrynBTC

9 months

2024 is a landmark year - for #Bitcoin and for Sovryn. Roadmap phases overview: 🟧 First, the groundwork: We'll introduce more staking rewards. In addition to the current $BTC rewards, we will add $SOV to stakers. See the next tweet in the thread where we discuss all the

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Professor OneDigit

@onedigitmoney

2 years

Censorship by centralized stablecoins is not theoretical. Next time it might be you and your ideology. You can mint or hold a purely BTC-backed stablecoin on the decentralized Rootstock network (Bitcoin sidechain), which is trust-minimized and permissionless. ZUSD on Sovryn.

Dylan LeClair 🟠

@DylanLeClair_

2 years

NEW: @circlepay 's USDC has officially blacklisted every Ethereum address sanctioned by the US Treasury.

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Professor OneDigit

@onedigitmoney

2 years

Considering what Sovryn has accomplished in a little over a year, I can't wait to see what Sovryn offers two years from now.

Sovryn | DeFi for Bitcoin

@SovrynBTC

2 years

#StaySovryn

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Professor OneDigit

@onedigitmoney

2 years

Why is it that #LightningNetwork is widely regarded as part of the canonical bitcoin ecosystem while other Layer 2 solutions like #Rootstock (a merge-mined Bitcoin sidechain) are not?

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Professor OneDigit

@onedigitmoney

2 years

Since I compiled the information for this article a few months ago, two of the eight CeFi lenders highlighted have filed for bankruptcy or become technically insolvent. Zero fixes this -- fully transparent, non-custodial, and 0% interest. @SovrynBTC

Borrowing Against Your Bitcoin: A Comparison of Zero vs CeFi | Sovryn

Sep 13, 2022—HODLing is hard. Sovryn's Zero offers a way to borrow ZUSD, a dollar stablecoin, against your bitcoin ZUSD, at 0% interest. How does Zero stack up against the lending products of...

sovryn.com

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Professor OneDigit

@onedigitmoney

1 year

The math of 21M Every 210k blocks (about 4 years), the bitcoin mining reward drops by half (called a halving). It started at 50 BTC per block and will halve 32 times. This can be expressed by this well known summation formula---210k blocks, 50 BTC/block, dropping by half each i:

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Professor OneDigit

@onedigitmoney

2 years

Some Ethereum users are discovering Bitcoin DeFi.

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Professor OneDigit

@onedigitmoney

2 years

What about this? Put your funds in a bitcoin-backed stablecoin on a trust-minimized Bitcoin sidechain. I'm talking about ZUSD on #Rootstock issued by the @SovrynBTC Zero protocol. ✅Self-custody ✅Dry powder ✅Peace of mind

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Professor OneDigit

@onedigitmoney

2 years

I think more fundamentally hard money requires proof of scarcity. If a substance were to be discovered that is provably scarce and had other desirable monetary properties--verifiable, portable, fungible, divisible, durable, etc. Some thoughts 👇

Adam Back

@adam3us

2 years

hard money inherently requires an unavoidable production cost; proof of work is fundamental. people value gold as hard money, because it is scarce. and the scarcity inherently means there must be a production cost for more units. so it is with #bitcoin , digital gold requires PoW.

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Professor OneDigit

@onedigitmoney

2 years

Yet another hack has come to light this week. Devs are still investigating, but at least $6 trillion was drained from the holders of the USD token. An exploit was used to mint uncollateralized tokens over the last two years and then use them to buy political influence.

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Professor OneDigit

@onedigitmoney

2 years

One of the most brilliant aspects of Bitcoin’s design was that it is a tool for liberty, dressed up as a get-rich-quick scheme. Much of “crypto” has perversely turned this on its head, pumping out get-rich-quick schemes dressed up as tools for economic freedom. - @EdanYago

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Professor OneDigit

@onedigitmoney

1 year

I wrote this article to explain why Christians and churches need to learn about #Bitcoin and give it some strong consideration in a biblically shrewd approach to money. Thanks to @FoundersMin for publishing it.

Shrewd Money for the Sons of Light: How the Church Can Use Bitcoin for Eternal Purposes in a Fallen...

For the sons of this world are more shrewd in dealing with their own generation than the sons of light. And I tell you, make friends for yourselves by means of unrighteous wealth, so that when it...

founders.org

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Professor OneDigit

@onedigitmoney

2 years

This real-world bond between physics and the digital record is part of what makes Bitcoin a commodity and not a security. A security is merely a representation of ownership of something else; a commodity is the thing itself. The physics makes your bitcoin the thing itself.

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Professor OneDigit

@onedigitmoney

1 year

What does the SEC action say about projects like @SovrynBTC ?

Sovryn, DeFi, and the SEC: Understanding Regulatory Scope | Sovryn

Jun 09, 2023—Explore Sovryn's stance in the world of crypto, the role of the SEC in regulating exchanges, and how decentralized platforms like Sovryn may be impacted. By OneDigit

sovryn.com

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Professor OneDigit

@onedigitmoney

2 years

Just in case you haven't completed all your shopping...or want to get a jump on next year.

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Professor OneDigit

@onedigitmoney

2 years

@_Checkmatey_ As you know, @SovrynBTC is building a bitcoin-backed stablecoin with Zero on Rootstock, a trust-minimized bitcoin sidechain. This could become an important component of a bitcoin circular economy and defi on bitcoin.

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Professor OneDigit

@onedigitmoney

7 months

@Giovann35084111 @dotkrueger @IIICapital @allenf32 Will do. Thanks for the interaction. I may not reply immediately or all at once.

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Professor OneDigit

@onedigitmoney

2 years

@BTCTN Arguing that bitcoin is not a good money now is like dismissing cell phones as useless technology when only 1% of the population owned one.

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Professor OneDigit

@onedigitmoney

2 years

“It’s impossible to look at the future of crypto without including the world's largest blockchain, Bitcoin. ...Rootstock (RSK) [offers] users decentralized finance (DeFi) built on Bitcoin.” The largest RSK project by far is Sovryn. @SovrynBTC

Five Blockchain Projects To Focus On 2023

The year so far has been nothing but brutal to the crypto market. Despite continuous development and innovation in the blockchain space, coins have dropped magnificently.

cryptodaily.co.uk

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Professor OneDigit

@onedigitmoney

2 years

Layman's Guide to Introducing Zero-Interest Loans to No-DeFiers 😄 @SovrynBTC

TravisTrades

@trades_travis

2 years

Ever tried explaining #bitcoin to a normie?🤔 It’s even harder explaining #defi with 0% interest loans!👀🔥 @SovrynBTC No KYC👀 Self-Custody🔑 Read more here👇🏼

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Professor OneDigit

@onedigitmoney

1 year

@PeterMcCormack I wish more people in this situation could be made aware of the Sovryn Dollar on Rootstock. It's a bitcoin-backed stablecoin on a bitcoin merge-mined sidechain. At least they wouldn't have to worry about centralization risks of Tether. @SovrynBTC

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Professor OneDigit

@onedigitmoney

2 years

You want proof of work? The resurrection of Jesus is his verification that everything Jesus claimed about himself and everything he promised is true. He is the Son of God. He has authority to forgive sins. Verify...then trust.

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Professor OneDigit

@onedigitmoney

1 year

Have you heard of Satoshi's hierarchy of needs? This is an insightful twist on Maslow's hierarchy recently put forth by @_pretyflaco and @esotericunicoin for @SwanBitcoin It gives us some great insight about bitcoin adoption and the strategies we use.

Andrew 🌽 ⚡️

@esotericunicoin

1 year

It was a pleasure to coauthor this exploration of custodians’ roles in improving lives and scaling #Bitcoin to humanity. Props to @_pretyflaco who’s initial concept of “Satoshi’s Hierarchy” led to some great ideas (& cool renditions by @MartVeeken !)

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Professor OneDigit

@onedigitmoney

2 years

18/ In summary, even under extreme circumstances of deliberate manipulation, ZUSD should hold its peg quite well as it scales up. The larger the scale, the more difficult for a whale to attempt to manipulate the price.

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Professor OneDigit

@onedigitmoney

2 years

What has been the biggest bitcoin development this year that you didn't see coming?

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Professor OneDigit

@onedigitmoney

2 years

5/ If ZUSD goes much above $1, arbitragers can take out ZUSD loans and sell it for USD at a profit and arbitrage away the price difference. Once ZUSD returns to the value of USD, ZUSD can be purchased back to unlock the BTC collateral.

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Professor OneDigit

@onedigitmoney

2 years

Free your mind, people! 🚀

Ingalandia @ BKK🐉

@Ingalandia

2 years

What if I told you that Sovryn's Zero Protocol could be the basis for #bitcoin -backed $USD loans within the next year? Without giving up your keys Without paying interest #StaySovryn

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Professor OneDigit

@onedigitmoney

2 years

This year give IRS agents the gift of defi. @SovrynBTC

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Professor OneDigit

@onedigitmoney

2 years

You want to hodl some dollar value outside the current banking system (and that's very prudent). You want to be able to sleep at night. You don't have the stomach for the bitcoin roller coaster. Solution: DLLR stablecoin on @SovrynBTC backed by bitcoin

Professor OneDigit

@onedigitmoney

2 years

@0xtuba This kind of thing will be a constant concern because USDT and USDC are rooted in centralized fiat finance. Even DAI is significantly backed by USDC. The best option to hodl dollar value in the cryptosphere is ZUSD minted on @SovrynBTC , overcollateralized entirely by bitcoin.

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Professor OneDigit

@onedigitmoney

2 years

7/ Now consider some extreme cases--think about whale manipulation or behavior driven by something other than a profit motive. The only thing a whale can do is take out a large loan or buy up all the ZUSD and then either hold it or redeem it. So let's consider those cases.

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Professor OneDigit

@onedigitmoney

7 months

What’s the deal with Metcalfe’s Law and bitcoin? Metcalfe Part 1 Bitcoiners and others are fond of referring to Metcalfe’s Law as an explanation for the growth in the value of bitcoin. It turns out that Metcalfe's Law is nothing more than a (very) rough model of network value.

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Professor OneDigit

@onedigitmoney

2 years

Lido Finance, Coinbase, and Kraken together control slightly over 50% of all ETH staked on the beacon chain. They are all US-owned companies or DAOs at the whims of US regulators. Ethereum is not decentralized. Ethereum developers and users should strongly consider Rootstock.

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Professor OneDigit

@onedigitmoney

2 years

6/ In the case where ZUSD goes above $1.10, borrowers can obtain 100 ZUSD for $110 worth of BTC and simply sell the ZUSD at a profit and forfeit the collateral. So $1.10 is a hard cap on the price.

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Professor OneDigit

@onedigitmoney

2 years

For borrowing against bitcoin, I compare Zero to various CeFi lending programs across a number of different categories: Zero Fixes This: Borrowing Against Bitcoin with Zero vs. CeFi

Sovryn | DeFi for Bitcoin

@SovrynBTC

2 years

Zero vs #CeFi . The age old debate.. “Just as you can take out a home-equity loan, you can get a bitcoin-equity loan.” How does Zero stack up against other CeFi #lending products? We’ve done the research. Now let’s explore the findings!🔍 #GetOnZero

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Professor OneDigit

@onedigitmoney

2 years

Don't survive the banking crisis this way. 😂 Get you some BTC and some DLLR, the decentralized bitcoin-backed stablecoin @SovrynBTC @SovrynDollar

Genius: Man Survives Market Crash By Not Having Any Money In The First Place

HAZELWOOD, TN — Many Americans are growing worried over the looming financial crisis as banks continue to close down due to lack of funds, a dilemma that kicked off over the weekend with a run on...

babylonbee.com

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Professor OneDigit

@onedigitmoney

1 year

@stephanlivera @TheGuySwann We've homeschooled five all the way through and are on the home stretch with #6 . All are productive, well adjusted, entrepreneurial people who are socially adept. I highly recommend opting out of the government diploma-printing mill.

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Professor OneDigit

@onedigitmoney

2 years

4/ Anyone holding ZUSD can redeem it for the same nominal USD amount in BTC. If the market price of ZUSD falls below $1, a holder of 100 ZUSD can redeem it for $100 of BTC and sell it. So if the market price of ZUSD deviates much below $1, it'll be arbitraged away.

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Professor OneDigit

@onedigitmoney

2 years

3/ Because the smart contract requires at least 110% BTC backing the ZUSD loan, there is always more value in BTC waiting to be redeemed than outstanding ZUSD.

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Professor OneDigit

@onedigitmoney

2 years

Digital patterns can be created, copied, and simulated arbitrarily. But PoW uses real-world physics and math to create a link between the real world and the virtual world that can't be counterfeited or simulated.

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Professor OneDigit

@onedigitmoney

2 years

I love seeing a great product that helps people HODL #Bitcoin . 💪

Sovereign Matt

@Sovereign_Matt

2 years

@SovrynBTC Zero TVL growth curve 📈

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Professor OneDigit

@onedigitmoney

2 years

10/ Here's an article with more info about how Zero works.

Zero: Magic internet borrowing at 0% interest | Sovryn

Jun 03, 2022—Bitcoin is sometimes referred to as magic internet money. Thanks to Zero on Sovryn, we now have magic internet borrowing—with 0% interest. But how does the magic of a 0% interest loan on...

sovryn.com

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Professor OneDigit

@onedigitmoney

2 years

@coryklippsten With over 70% of Ethereum validators already OFAC compliant, I'm not sure what Ethereum's use case is anymore. RSK is a bitcoin PoW sidechain that's EVM-compatible, so it's not as susceptible to OFAC strong-arm tactics and can run basically any smart contracts that Ethereum can.

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Professor OneDigit

@onedigitmoney

2 years

9/ Suppose a whale takes out a huge ZUSD loan and dumps it on the market. Will ZUSD de-peg? No, anyone can buy ZUSD and redeem it for $1 of BTC. Unless the BTC price drops nearly instantly, BTC collateral will be waiting to pay out any ZUSD redemptions at face value.

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Professor OneDigit

@onedigitmoney

1 year

I show how the @SovrynBTC AMM can be used as an auto-balancing and yield-producing bitcoin/dollar portfolio.

Sovryn | DeFi for Bitcoin

@SovrynBTC

1 year

Next-Level USDT/Stablecoin Strategy: The Sovryn 50/50 Bitcoin-Dollar Balanced Portfolio Enjoy automatic rebalancing, zero fees, and attractive assets. Discover the magic in our latest blog post ⬇️

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Professor OneDigit

@onedigitmoney

2 years

2/ First, ZUSD is backed by overcollateralized BTC. One ZUSD represents a loan of one USD in BTC. The protocol allows anyone to redeem their ZUSD for the same market value of BTC collateral denominated in USD minus a small fee.

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Professor OneDigit

@onedigitmoney

2 years

In this article I look at market risk of a Zero bitcoin-collateralized loan. What is a reasonable collateral ratio? And is the stability pool a sensible investment?

Sovryn | DeFi for Bitcoin

@SovrynBTC

2 years

Taking out a loan on Zero with your #bitcoin is an exciting opportunity, but savvy investors will ask some crucial questions as they consider the risks and rewards. We look at market risks associated with Zero and aim to provide some insights!

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Professor OneDigit

@onedigitmoney

2 years

Buterin says that in PoS everything is virtualized, "basically letting us create a simulated universe that has its own laws of physics." Exactly. But this is a liability, not a feature.

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Professor OneDigit

@onedigitmoney

2 years

8/ Observe that the BTC market is big enough that it is difficult to manipulate with large price swings, so any manipulation must come on the ZUSD side. This is one of the great advantages of BTC collateral over other collateral in crypto assets.

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Professor OneDigit

@onedigitmoney

2 years

Now that @saylor has time on his hands, I look forward to him educating himself about @RSKsmart and @SovrynBTC .

Michael Saylor⚡️

@saylor

2 years

The goals of DeFi are noble, but the failure of cryptos like Terra has shaken the confidence of the entire industry and is causing many to consider whether we might best achieve true decentralization via LiFi ("Lightning Finance") on the #Bitcoin network.

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Professor OneDigit

@onedigitmoney

2 years

What if instead of crippling bitcoin's security model with proof of stake, the whole world adopted bitcoin as the single currency for world trade? How much energy would that save?

Greenpeace USA

@greenpeaceusa

2 years

NEW: #Bitcoin is causing MASSIVE amounts of pollution and has become a major roadblock in our fight to phase out fossil fuels. So we teamed up with @thevonwong to create this giant 💀 with laser eyes to help us raise awareness and spark change. WATCH and SHARE:

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Professor OneDigit

@onedigitmoney

9 months

Crucial innovation in the L2 space, which is a crucial focus for bitcoin this cycle. Great job, @lightcoin !

Sovryn | DeFi for Bitcoin

@SovrynBTC

9 months

1/ Sovryn Contributor @lightcoin unveils a groundbreaking research post: Bitstake, a PoS bridge to #Bitcoin powered by BitVM. What is it? How does it transform #Bitcoin bridging? Discover the details below ⬇️

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Professor OneDigit

@onedigitmoney

2 years

What are your two or three favorite resources to give someone who is just beginning to get interested in bitcoin but probably doesn't yet have the interest to read a whole book? I'm thinking articles, individual podcasts, or reference websites.

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Professor OneDigit

@onedigitmoney

2 years

Congratulations to @LiquityProtocol . That 14.2% increase just edged out the bitcoin-backed stablecoin @SovrynDollar (DLLR) at 13.8%. Decentralized stablecoins like DLLR and LUSD are the future in the face of bank failures.

Camila Russo

@CamiRusso

2 years

💸 $USDC market cap keeps sliding since the bank failures of last week (-20%) @LiquityProtocol 's $LUSD has been the biggest stablecoin winner in terms of % gain since March 10, according to @DefiantNews terminal 👇

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Professor OneDigit

@onedigitmoney

2 years

Really encouraging to see how this product is enabling real-world opportunities, especially in places where it may not be so easy to get a bank loan against bitcoin.

Sovryn | DeFi for Bitcoin

@SovrynBTC

2 years

Sovryn Voices: Mike from #Panama talks about WHY he is a Sovryn user, plus his clever plans to #GetOnZero and use his Bitcoin to start a business. It's exciting to see people use their #Bitcoin without even selling it! Sign up for Zero waitlist here:

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Professor OneDigit

@onedigitmoney

2 years

17/ Zero goes into recovery mode if the overall collateralization ratio falls below 150%. Recovery mode incentivizes borrowers to increase their collateralization ratio by allowing lines of credit below 150% CR to be liquidated.

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Professor OneDigit

@onedigitmoney

2 years

Holding your assets on an exchange is like having a train ticket - the ticket won’t get you very far if the train stops running. This is the problem that defi is working to solve.

Your Keys, Your Coins, and Bitcoin-DeFi Loans | Sovryn

Oct 03, 2022—"Not your keys, not your coins." How does the “your keys, your coins” principle apply to the world of DeFi? Is it possible to use your bitcoin as collateral for financial transactions...

sovryn.com

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Professor OneDigit

@onedigitmoney

2 years

12/ Arbitragers will see an opportunity and will take out loans and sell the ZUSD at a profit. This will create sufficient liquid ZUSD to prevent an imbalance of supply and demand. The whale will sit on illiquid ZUSD with his BTC locked up, having paid a fee to Zero to do so.

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Professor OneDigit

@onedigitmoney

2 years

10/ Suppose a whale takes out a huge loan and immediately redeems it all. Again, more BTC collateral will be waiting to pay out any ZUSD redemptions at face value. The loan has only added to the collateral, so collateral is available to pay off the redemption and then some.

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Professor OneDigit

@onedigitmoney

2 years

The CFTC announced a settlement against the founders of DeFi protocol bZx and filed suit against Ooki DAO, which governs bZx. All who value the freedom to transact should be alarmed by this unwarranted action. Here’s how you can write your Congressman.

CFTC Sues a DAO, Raising Legal Questions for DeFi Founders and Users - Decrypt

Legal experts say the CFTC's action against the founders of bZx and Ooki DAO could have far-reaching implications for the DeFi industry.

decrypt.co

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Professor OneDigit

@onedigitmoney

2 years

@_Checkmatey_ gives a fair assessment of #DeFi on #BITCOIN . Very sharp guy! However, I'm disappointed again that he references a "George Soros" attack on the Zero ZUSD peg at scale without elaborating. Give us a scenario so we can learn and adapt, please.

Checkmate on Bitcoin and DeFi

Checkmate, Lead Analyst at Glassnode, explains his thoughts on building DeFi infrastructure on Bitcoin.This clip was taken from the Blockware Intelligence Po...

www.youtube.com

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Professor OneDigit

@onedigitmoney

2 years

magic internet loans...but real This is an important financial innovation on Bitcoin

Zero: Magic internet borrowing at 0% interest | Sovryn

Jun 03, 2022—Bitcoin is sometimes referred to as magic internet money. Thanks to Zero on Sovryn, we now have magic internet borrowing—with 0% interest. But how does the magic of a 0% interest loan on...

sovryn.com

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Professor OneDigit

@onedigitmoney

2 years

Totally agree. That's why I'm passionate about both holding and using #Bitcoin and support projects like @SovrynBTC .

Guy Swann ⚡️| Activate Covenants

@TheGuySwann

2 years

Bitcoin is not merely a network, it's a foundation for an anti-authoritarian political movement in an increasingly authoritarian world. If you're looking for why so many people are deeply passionate about #Bitcoin & nothing else, start there.

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Professor OneDigit

@onedigitmoney

2 years

Simple question for bitcoiners. You want self-custody of your assets with the security of bitcoin, but you want to keep some dry powder for a lower price. What do you do?

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Professor OneDigit

@onedigitmoney

2 years

If you want to read about the Zero protocol, you can find the details here:

Zero: Protocol for Zero-Interest Loans

wiki.sovryn.com

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Professor OneDigit

@onedigitmoney

2 years

Preferential treatment of systemically important banks will lead to consolidation into large regional banks. This will separate people even more from cash, as access to cash is likely to be funneled through ATMs. We need #bitcoin and #SovrynDLLR more than ever.

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Professor OneDigit

@onedigitmoney

2 years

BREAKING: Bitcoin soars overnight from 64% of the proof-of-work crypto asset market to 94%.

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Professor OneDigit

@onedigitmoney

2 years

The extra effort required for a decentralized service becomes clearer when unusual but inevitable events happen. Here we are.

Yago

@EdanYago

2 years

Celsius announcing they cannot honor withdrawals. All centralized services are at risk. This is why we built @SovrynBTC . Incorruptibility and self custody.

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