Tim 🌽 @tim_bitcoin Twitter profile

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Tim 🌽

@tim_bitcoin

3 years

We should pressure gold miners to switch to Proof of Stake. Imagine how much energy it would save!

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Tim 🌽

@tim_bitcoin

4 years

Regulate this.

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@tim_bitcoin

3 years

@NeerajKA

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@tim_bitcoin

2 years

It's the 100 year anniversary of the devastating hyperinflation in Weimar Germany. But surely no modern economy could do something like this!

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@tim_bitcoin

3 years

@APompliano @LynAldenContact What... is that real? Anyone listening to @LynAldenContact for even a short period of time can easily tell she has intellectual rigor. One of the smartest, most honest and balanced people I have listened to.

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@tim_bitcoin

3 years

"Privately issued"? Even the IMF doesn't seem to know the first thing about Bitcoin. Bitcoin is public - more public than an individual, more public than a company, more public than a government, than a national currency, more public than anything you have probably encountered.

IMF

@IMFNews

3 years

Privately issued cryptoassets like Bitcoin come with substantial risks. Making them equivalent to a national currency is an inadvisable shortcut. Read more in our latest #IMFBlog by the IMF’s Tobias Adrian and @RhodaWeeksBrown :

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@tim_bitcoin

2 years

@Joshstrangehill @ThisIsCas_

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Tim 🌽

@tim_bitcoin

2 months

@RiskSystem_Game Pong and Space invaders were simply competently made games with almost no competition. I don't think they would be successful if they had to release for the first time today...

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@tim_bitcoin

2 years

This is what @hodlonaut 's lawyer was trying to get across - unfortunately too technical for a courtroom setting. Highlighted is a documented lie, still present today on Wright's blog. There is no way to pretend it isn't a lie, nor a way to claim it wasn't intentional.

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Tim 🌽

@tim_bitcoin

3 years

Hey journalists: blockchain does not have potential in cars, voting, polling or healthcare and is not being widely adopted by a range of industries. It's good for only one thing: money without government But that's a pretty big thing.

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Tim 🌽

@tim_bitcoin

4 years

@zackvoell Litecoin currently still has the best balance of exchange implementations/market cap/liquidity/low fees for moving money around. I challenge you to show me anything better.

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@tim_bitcoin

4 months

@strwbrrypaul For the people who know enough about the Beatles to be impressed by this, yet still have never heard of Paul McCartney.

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Tim 🌽

@tim_bitcoin

4 years

It's going up FOREVER, Laura. FOREVER.

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Tim 🌽

@tim_bitcoin

2 years

Something strange I often wondered about in the #Bitcoin whitepaper... Satoshi wrote: "we implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block's hash the required zero bits." BUT! 👇👇

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Tim 🌽

@tim_bitcoin

3 years

@CommBank I've had my account closed by your bank for buying Bitcoin in the past, and banned, being told "we will not be providing any new products and/or services to you." Seems pretty ridiculous now. Does this mean you're going to allow me to open an account again?

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Tim 🌽

@tim_bitcoin

3 years

@nic__carter

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Tim 🌽

@tim_bitcoin

3 years

@thehill @SecYellen Where do you get the money from to pay the tax on unrealized gains?

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Tim 🌽

@tim_bitcoin

3 years

In 1944, 44 nations agreed to use the US dollar for international trade, with the US dollar being backed by Gold. In 1971, the USA 'temporarily' removed the Gold backing from the dollar. It was never reinstated. Fiat currency is not normal, it's only a 50 year old experiment.

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Tim 🌽

@tim_bitcoin

2 years

So the code implementation is slightly different to the whitepaper. Or more likely, the paper was a simplified explanation just to get the idea across - since the code was probably done first. #BitcoinWhitePaperDay

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Tim 🌽

@tim_bitcoin

3 years

Here is a 15 year chart of AUD/USD, two supposedly 'non-volatile' currencies. Does anything about this look like a 'reliable unit of account'?

Steve Hanke

@steve_hanke

3 years

Many people believe #Bitcoin is the "currency of the future." However, Bitcoin's excessive volatility is a constant reminder that it can never be a reliable unit of account, & thus can NEVER be considered a currency. #BTC is just a highly speculative asset.

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Tim 🌽

@tim_bitcoin

8 months

@BSVBlockchain @BSV_Assn There it is folks, the culmination of years of Craig's work.

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Tim 🌽

@tim_bitcoin

1 year

@dr_cintas Incredible. A caterpillar comes from a chicken egg on a stalk. A virus is the same size as bacteria.

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Tim 🌽

@tim_bitcoin

3 years

@Druw_ @alexbosworth @gladstein The Lightning Network. It exists, is live, and is processing millions of transactions on Bitcoin already.

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Tim 🌽

@tim_bitcoin

4 months

@cyansorcery I understood that reference

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Tim 🌽

@tim_bitcoin

3 years

The order of transactions inside a block matters in ETH, it doesn't matter in BTC. That's the fundamental problem that causes all the MEV issues... I guess if you wanted to go one step deeper it's because ETH uses accounts instead of UTXOs. Satoshi got a lot of stuff right.

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Tim 🌽

@tim_bitcoin

2 months

@binej_yeah It's good

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Tim 🌽

@tim_bitcoin

2 years

@Arthur_van_Pelt @hodlonaut I like this one - it's subtle but deadly.

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Tim 🌽

@tim_bitcoin

3 years

Bitcoin is ultra-public. It's radically public.

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Tim 🌽

@tim_bitcoin

3 years

If you're an exchange and you don't offer #Lightning to your customers yet... what are you doing? Be like Bitaroo.

Bitaroo - Bitcoin Exchange

@BitarooExchange

3 years

LN is growing. Ask anyone that looks or touches it. We are also seeing more and more LN deposits and withdrawals, which is great! Over the 9 months since we have enabled #LightningNetwork deposits and withdrawals, we have seen over 1300 #BTC transacted 🥳

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Tim 🌽

@tim_bitcoin

2 years

@swaaalla @hodlonaut The 479f... string is provably a sha256 hash of two transactions we can see on the blockchain today. This blog post claims (explicitly) that the 479f... string is a sha256 hash of a piece of Sartre text that is partially quoted. It cannot be.

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Tim 🌽

@tim_bitcoin

4 years

@michael_saylor

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Tim 🌽

@tim_bitcoin

4 years

Interesting! The line never intersects, which means there has never been a four year period where the price was lower at the end than the start.

chloe white

@ChloeWhiteAus

4 years

Try and find a more beautiful chart, I'll wait. #loggrowth #moonmath

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@tim_bitcoin

2 years

@_JamesWard monoliths are fine

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Tim 🌽

@tim_bitcoin

2 years

@swaaalla @hodlonaut Weirdly, Craig wasn't prepared for this. His defence was basically 'oh yeah this sartre.txt is a different sartre.txt - that's your fault for assuming it was the same one' - seemingly admitting an intent to deceive. He should have just stuck with "someone else runs my blog".

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@tim_bitcoin

2 years

But #Bitcoin actually treats the hash as an integer and requires that it be less than a specified integer, which effectively allows a fractional number of bits to be specified.

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Tim 🌽

@tim_bitcoin

3 years

@bookishkirsty @Openly There kind of already is: the "men's" category is actually the "unrestricted" category. It's only the "women's" category that has restriction, in order to provide a competitive playing field for women. So its about where to draw the line for the restriction, which is complicated.

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Tim 🌽

@tim_bitcoin

11 months

@hodlonaut Classic Wright! Oh I'm gonna miss this when he's in jail

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Tim 🌽

@tim_bitcoin

4 years

@FinancialReview "No intrinsic value" is a pretty shallow analysis @willem_buiter - that's a sign that you haven't taken much time to look into it. I look forward to you thinking about it some more and attempting a decent criticism.

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@tim_bitcoin

2 months

@GigaBasedDad

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Tim 🌽

@tim_bitcoin

8 months

@Tak_Horigoshi Nobody in their right mind would sign that drivel. There is something seriously wrong with Wright, he can't even get ChatGpt to draft a settlement without making it ridiculous.

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Tim 🌽

@tim_bitcoin

4 years

We knew it was coming... apparently, COVID is to blame for inflation.

European Central Bank

@ecb

4 years

(THREAD) The recent volatility of inflation can be largely attributed to the nature of the pandemic shock, writes Chief Economist Philip R. Lane on #TheECBBlog . Read his blog post 1/3

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Tim 🌽

@tim_bitcoin

4 years

@RaoulGMI @l3l2ucelee Nope. Pledge it as collateral for a fiat loan, just like the rich people do with real estate and other assets. But now everyone can do it.

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@tim_bitcoin

2 years

@swaaalla @hodlonaut Why would you do this? Because the 479f... string was really signed by the actual Satoshi, producing a valid proof that he had access to the keys.

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Tim 🌽

@tim_bitcoin

4 years

That didn't age well.

Peter Schiff

@PeterSchiff

4 years

@cz_binance @elonmusk Musk is far too smart to be dumb enough to buy #Bitcoin . It's just a matter of time before you realize that too.

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Tim 🌽

@tim_bitcoin

3 years

Doublespeak: the complete opposite of plain and simple truth. Bitcoin is a "publicly" issued asset. If anything, fiat currencies issued by national central banks are the "privately" issued assets.

IMF

@IMFNews

3 years

Privately issued cryptoassets like Bitcoin come with substantial risks. Making them equivalent to a national currency is an inadvisable shortcut. Read more in our #IMFBlog by the IMF’s Tobias Adrian and @RhodaWeeksBrown :

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Tim 🌽

@tim_bitcoin

4 years

@leveredbeta1 @TruthGundlach They're good questions. Type them into Google and see if you can find some answers, instead of leaving them as hypotheticals in your mind.

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Tim 🌽

@tim_bitcoin

3 years

@addyosmani @shadeed9 Tables for everything. Got it.

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Tim 🌽

@tim_bitcoin

3 years

Anyone can change Bitcoin's code, you just click this button. Convincing everyone who already has their wealth stored in Bitcoin to run your code instead... that's the hard bit.

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Tim 🌽

@tim_bitcoin

4 years

This is the kind of headline we used to joke about seeing.

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Tim 🌽

@tim_bitcoin

3 years

@druidian respect for the yyyy-MM-dd

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Tim 🌽

@tim_bitcoin

4 years

"Nobody backs Bitcoin." Yep that's the best thing about it

Documenting ₿itcoin 📄

@DocumentingBTC

4 years

Former President of the ECB on #Bitcoin

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Tim 🌽

@tim_bitcoin

7 months

@ecb "We can effectively operate and fulfil our mandate regardless of losses" ...because...

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Tim 🌽

@tim_bitcoin

4 years

@lohstroh @druidian Who got to choose the color of the network cables?

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Tim 🌽

@tim_bitcoin

1 month

@alanbwt It's a brilliant experiment, but this is misleading. You can't "observe" something without physically interacting with it. The experiment demonstrates the dual wave/particle like nature of matter by physically interacting with it. It does not demonstrate that detached conscious

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Tim 🌽

@tim_bitcoin

9 months

More like Franklin Simpleton

Franklin Templeton

@FTI_US

9 months

8/ I keep coming back to the idea that blockchain is the future. That’s why we’re positioned the way we are, collaborating with communities and developing deep relationships to help build for the future. We seek to develop, support, and invest in the space in a meaningful way.

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@tim_bitcoin

1 year

@romanhistory1 I was hoping at least one of the 10 replies in this thread would make me laugh. No pun in ten did.

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Tim 🌽

@tim_bitcoin

3 years

@jeetsidhu_ penguins can swim

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Tim 🌽

@tim_bitcoin

3 years

Bitcoin doesn't replace banking. Bitcoin banks will also need office buildings, computers, air conditioning for employees, data centres and water coolers. Bitcoin competes with the underlying money: the dollar, the euro and the system of central banking designed to debase it.

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@tim_bitcoin

3 years

@ErikVoorhees Banks print money and give to people to buy real estate. How is defi going to compete with this?

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@tim_bitcoin

2 years

@NeerajKA

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Tim 🌽

@tim_bitcoin

4 years

The timing couldn't be better.

Brandon | Bitcoin Maximalist

@ran_the_numbers

4 years

Hedge funds being nuked 7 days before Michael Saylor spreads the Bitcoin message to a bunch of CEOs.

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Tim 🌽

@tim_bitcoin

3 years

Is anyone else thinking critically about the economics of Bitcoin's security? Feels like Paul Sports has been the lone voice for years.

Paul Sztorc

@Truthcoin

3 years

My 2nd security budget article is now online: It ended up being quite the acid trip. I added many figures - I'll post them here as a kind of teaser. 🧵

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Tim 🌽

@tim_bitcoin

2 years

@nic__carter “It’s just fascinatingly ironic, and also predictable, repeating the historical patterns it aspires to erase.” Indeed. Not Bitcoin though; this article.

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Tim 🌽

@tim_bitcoin

2 years

@NicolasDorier Ah yes - the Three Stooges Syndrome! All the bugs are in perfect homeostasis.

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Tim 🌽

@tim_bitcoin

1 year

@BitcoinErrorLog I don't think he would be that pessimistic

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Tim 🌽

@tim_bitcoin

3 years

@Bitcoinbot1987

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@tim_bitcoin

3 years

@BTCsessions He was appalled that Tesla, a company that is saving the environment with cars that run on electricity, is destroying the environment by using Bitcoin which runs on... electricity wait

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Tim 🌽

@tim_bitcoin

6 months

@transmissions11 Man has never used a Thinkpad x1 carbon - the laptop perfected. Aluminum is in fact not the ultimate material, it just looks shiny in product shots

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Tim 🌽

@tim_bitcoin

3 years

@MyLegacyKit The security firm had a data center failure right at the time if the break in and lost all the records! What are the odds! Poor Craig, he can't catch a break.

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Tim 🌽

@tim_bitcoin

3 years

@RBAInfo In case you're wondering: "maintain highly supportive monetary conditions" means printing $4 Billion per week.

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Tim 🌽

@tim_bitcoin

4 years

ECB is basically #Bitcoin 's marketing department at this point

European Central Bank

@ecb

4 years

Watch again: President @Lagarde on today’s decision to increase the pace of asset purchases under the pandemic emergency purchase programme (PEPP)

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Tim 🌽

@tim_bitcoin

2 years

@swaaalla @hodlonaut Yep

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Tim 🌽

@tim_bitcoin

4 years

Bitcoin is "a load balancing economic battery".

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Tim 🌽

@tim_bitcoin

1 year

@9NewsAUS @ashleywick9 They should replace the Reserve Bank board with an algorithm. Here's one they can use:

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Tim 🌽

@tim_bitcoin

2 months

@firecrakcer001 @eurogamer Kids these days

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Tim 🌽

@tim_bitcoin

1 year

Looks like it might all be over soon... I was hoping for a couple more years of entertainment :(

Arthur van Pelt 🔥 ∞/21M ⚡

@Arthur_van_Pelt

1 year

ex-nChain CEO Christen Ager-Hanssen coming clean and calling Craig Wright #Faketoshi is always a good start of the weekend. 🙂

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Tim 🌽

@tim_bitcoin

2 years

Well! Adam Back's @adam3us Hashcash implementation requires finding a hash with the required number of leading zero bits.

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Tim 🌽

@tim_bitcoin

3 years

The universe saves CPU space by not fully rendering particles that aren't being viewed by the player. This leads to entities sometimes glitching through walls.

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Tim 🌽

@tim_bitcoin

2 years

I don't know what to say @ASX Oh yes I do I TOLD YOU SO

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Tim 🌽

@tim_bitcoin

3 years

@roryhighside Despite the volatility of the market, Zucoin, unlike its rivals, cannot drop below $60 per coin. “We put in the software where you can’t sell for less (than $60),” Mr Akermanis said. “It cancels the order. You can try but you won’t be able to do it.”

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Tim 🌽

@tim_bitcoin

4 years

Nobel prize incoming, world hunger will shortly be solved!

Frances 'Cassandra' Coppola

@Frances_Coppola

4 years

@MonetaryWonk I'll write a piece shortly explaining why subdivision eliminates scarcity.

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Tim 🌽

@tim_bitcoin

3 years

"Like two fleas arguing over who owns the dog" - Crocodile Dundee

CoinDesk

@CoinDesk

3 years

The ownership of Satoshi Nakamoto’s 1.1 million $BTC – worth over $66 billion today – is at stake in the case of Kleiman v. Wright, which began today in Miami. @cheyenneligon reports

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Tim 🌽

@tim_bitcoin

2 years

How could an integer number of zero bits in a hash possibly be fine grained enough to allow smooth difficulty adjustment? e.g. Wouldn't the step between say 10 zeroes and 11 zeroes be too big to accurate target a certain difficulty?

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Tim 🌽

@tim_bitcoin

1 month

@Andercot Not only client side rendering, but JIT, like a Toyota factory

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Tim 🌽

@tim_bitcoin

3 years

tl;dr inflation is 28.5%

Reserve Bank of Australia

@RBAInfo

3 years

The Index of Commodity Prices for December 2021 has been released –

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@tim_bitcoin

2 years

@engineers_feed

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Tim 🌽

@tim_bitcoin

3 years

@RealNatashaChe

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Tim 🌽

@tim_bitcoin

3 years

ECB is officially trying to compete with Bitcoin.

European Central Bank

@ecb

3 years

Our experimental work has already allowed us to identify possible ways to protect privacy. It has also shown that the energy needs of the infrastructure would be negligible compared with the energy consumption and environmental footprint of crypto-assets, such as bitcoin 2/3

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Tim 🌽

@tim_bitcoin

4 years

@matt_odell Reminds me of getting "Some security tips:" from Mt Gox

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Tim 🌽

@tim_bitcoin

4 years

It's there in black and white. Like never before, central banks are competing to devalue their own currencies. Stealing the value of your money by printing insane amounts of it. Thankfully you don't have to be part of this game any more. #bitcoin

Reserve Bank of Australia

@RBAInfo

4 years

We have released the minutes of the February 2021 Monetary Policy Meeting of the Reserve Bank Board -

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Tim 🌽

@tim_bitcoin

1 year

Yikes

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Tim 🌽

@tim_bitcoin

6 months

@bensimpsonau Dismantle central banking.

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Tim 🌽

@tim_bitcoin

2 years

@RBAInfo Demand, cost, and expectations do affect inflation. But QE doesn't even get a mention? If QE had no impact on inflation, then why did you stop - surely printing free money is a good thing?

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Tim 🌽

@tim_bitcoin

3 years

@publordhodl Wallet of Satoshi - best liquidity, always works, fast and simple. @walletofsatoshi iPhone and Android.

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Tim 🌽

@tim_bitcoin

3 years

This was my favourite event in Bitcoin's history. It proved to me beyond any doubt that Bitcoin is the honey badger of money.

Alex Gladstein 🌋 ⚡

@gladstein

3 years

10/ As for miners controlling Bitcoin, this was soundly debunked in 2017 when miners representing 83%+ of the hashrate failed to get their way:

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Tim 🌽

@tim_bitcoin

2 years

@VitalikButerin

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Tim 🌽

@tim_bitcoin

4 years

@notsofast Yes, but still, litecoin would be in trouble if I pointed my mining equipment at it

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Tim 🌽

@tim_bitcoin

2 years

Bank of Japan is the real honey badger. Buys what it wants, gets bitten with poisonous venom, passes out, gets right back up and starts buying all over again. Nothing can stop the Bank of Japan. The honey badger.

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Tim 🌽

@tim_bitcoin

2 years

@JP_Technology @BlockchainAUS Thank you @AusBTCIndBody who have been countering the bilge from @BlockchainAUS for years. #ThankAMaxi

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Tim 🌽

@tim_bitcoin

4 years

@meier_bernhard Moon was $1000. We overshot it a little bit.

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