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@3DNuts

WE ARE IN THE AGE OF BITCOIN --- THINK in #Bitcoin --- I'm gonna front run this --- Founding Member of the Bitcoin Economic Forum

Indy Katılım Ocak 2013
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----Linear Trav----@3DNuts·
Bitcoin is money that they can't control. More importantly, Bitcoin is money that they can't use to control you.
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Pierre Rochard
Pierre Rochard@BitcoinPierre·
A rogue leftover Biden appointee at the IRS is trying to sneak this through. This is information that French tax authorities sold to violent foreign criminal gangs, causing a wave of kidnapping and torture of bitcoiners. Immediate action is needed @SecScottBessent
TFTC@TFTC21

The IRS just created a new crypto audit form designed to make you incriminate yourself. They're sending a new "Historical Digital Asset Form" that lists 100+ exchanges and self-custody wallets: Coinbase, Binance, Kraken, FTX, Mt. Gox, MetaMask, Ledger, Trezor, and demands you check YES or NO for every single one. Then sign it under penalty of perjury. This isn't a tax form. It's a mapping exercise. They don't just want to know what you traded last year. They want a complete picture of everywhere your crypto has ever touched going back years. The catch: there's no right way to fill it out. Forget a platform you used once in 2017? That's perjury. Disclose everything? You just gave them a roadmap for new lines of inquiry. Don't respond? They'll issue a summons. This is coming alongside Form 1099-DA, which means exchanges are now reporting directly to the IRS. They're cross-referencing what they already know with what you tell them, and looking for gaps. If you get this form, do not fill it out without a tax attorney. This is exactly the kind of overreach that pushes people toward self-custody and privacy-preserving tools like Bitcoin. The government doesn't send forms like this to help you. They send them to build a case.

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Indy Bitcoin Meetup
Indy Bitcoin Meetup@IndyBitcoin·
Proud to announce our first Lightning Social ⚡ A new monthly Indy Bitcoin Meetup event where we gather at businesses that accept Bitcoin and support them by spending sats. No presentations. Just good conversation, food, drinks, and Lightning payments. 📍 The Rejoicing Vine Winery 📅 April 3 🕔 5–9 PM Join us: meetup.com/indianapolis-b…
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Breadman
Breadman@BTCBreadMan·
This time is for real. Bitcoin will NEVER trade below $70k again. Book it.
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----Linear Trav----@3DNuts·
@CernBasher Spot on. If we formalize it like Moore's Law: 'Elon's Law' — global sustained AI compute (in Elons, 1 GW continuous) doubles every 7-8 months. Already happening faster than transistors ever did. The intelligence age S-curve is steep right now. Eons in Elons it is.
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Cern Basher
Cern Basher@CernBasher·
The Eons will be measured in Elons
Cern Basher@CernBasher

The Elon - A New Unit of Industrialized Intelligence Intelligence is no longer abstract. Intelligence is manufactured. It is built inside data centers. It is powered by electricity. It is measured in megawatts. This means that intelligence is no longer purely biological - it is a physical, industrial phenomenon. Modern AI isn't limited by ideas. It's constrained by compute throughput, energy availability, intelligence density and deployment speed. So what would an Elon measure? One Elon = the sustained operation of one gigawatt of AI-optimized compute capacity. Not the cost to train it. Not the energy consumed. Not a one-time event. But the continuous rate at which intelligence can be generated, intelligence density improved AND applied. It is a throughput metric. So instead of asking "how many GPUs do you have?" - we ask "How many Elons are you running?" We move from: “We trained a big model” to: “We are running 12 Elons of intelligence capacity.” It becomes a macroeconomic metric. If GDP once correlated with labor force size and growth, capital stock, and energy consumption, then in the AI era it increasingly correlates with Elons deployed. An Elon is not a unit of electricity. It measures of much artificial cognition a civilization can run continuously. Another way to think about it: 1 Elon = the cognitive output equivalent of replacing ten million knowledge workers with machine intelligence operating 24/7. Now it becomes tangible. Not kilowatt-hours. But civilizational thinking power. It shifts the perspective from kilowatt-hours (household scale) to Elons (civilization scale). And it's fitting that such a measure is called Elon as Elon Musk is the only person that both 1) cares about long-term civilizational survival and 2) is doing anything about it! In the Intelligence Age, progress will not be measured merely in models released and energy consumed. It will be measured in Elons.

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Cern Basher
Cern Basher@CernBasher·
Bitcoin isn’t just Internet Money It might actually be a new kind of power - like a digital weapon or shield that countries can use to protect themselves online. In a Age of AI Agents - we're going to need an effective digital shield! The author of a new paper: "Beyond Money, Hedge, and Energy: Evaluating Bitcoin as Power Projection Technology" evaluates Jason Lowery's 2023 "SOFTWAR" theory that said Bitcoin should be understood as a way to project physical power into cyberspace. Normally, computers run on “rules” and software. But Bitcoin works differently. It uses huge amounts of real electricity and energy to secure its network. That means attacking Bitcoin isn’t just about hacking code - you would have to spend massive amounts of real-world energy and money to overpower it. The paper tests whether that theory was right by looking at what happened between 2023 and 2026. Here’s what actually happened: 1) The United States created a Strategic Bitcoin Reserve (basically treating Bitcoin like a national resource, similar to oil). 2) Countries like Bhutan secretly mined Bitcoin using hydroelectric power. 3) Over 145 public companies added Bitcoin to their balance sheets. 4) Huge investment funds (like BlackRock’s Bitcoin ETF) bought tens of billions of dollars worth. 5) Global Bitcoin mining power (called “hash rate”) hit record highs - even while the price dropped. That’s important. The price of Bitcoin fell about 46% during this time. But governments and big institutions were buying more of it anyway. According to the paper, that suggests they may see Bitcoin as something strategic - not just an investment. The paper says older ways of thinking about Bitcoin don’t explain this behavior: It’s not just money. It’s not just a speculative investment. It’s not just bad for the environment. It’s not just a tech experiment. Instead, the author says Bitcoin may be more like digital territory protected by energy. If you control energy and computing power, you help protect the network. Countries might compete for that power the same way they compete for oil, weapons, or technology. The paper checked nine predictions made in 2023 about what would happen if Bitcoin really was a “power projection technology.” Five of those predictions already came true. One partly happened. Three haven’t happened yet.
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Jason Lowery@JasonPLowery

BREAKING: New research paper published by TechRxiv ID'd 9 falsifiable predictions from my MIT thesis, SOFTWAR, and concluded that 5 of 9 predictions have already been proven right within the first 3 years after publication. techrxiv.org/users/1031386/…

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Nick Szabo
Nick Szabo@NickSzabo4·
It seems Jane Street may have had a long-standing culture that essentially trained crypto scammers, and perhaps also concocted and ran some of the scams themselves. Terra/Luna was a jenga tower waiting for somebody to topple it, and it may have been Jane Street that figured out how to do it. If crypto is not strong and secure against such things, it provides little or no benefit over traditional finance, so I'm not going to cry about this, and perhaps it should even be applauded. The alleged Bitcoin ETF market making + "10 am" selling with that liquidity sounds like a considerably more problematic conflict of interest. "Negligent" might be a good way to describe the ETFs who naively trusted Jane Street with this function. Now the once-hot crypto ETFs are draining because of an understandable reduction in trust, not in the coins themselves, but in the way Wall Street "makes markets" for buying and selling them. In finance "everyone is a scammer" -- and you should stop blindly trusting scammers. That is why Bitcoin OGs have long said, "Not your keys, not your coins," "don't trust, verify", and even "trusted third parties are security holes." And when "the market" is so dependent on trusting strangers, especially strangers who still don't actually understand or like Bitcoin all that much, it's also not your "market price." x.com/1914ad/status/…
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Ilya⚡️
Ilya⚡️@ilyaXindy·
For the past three years, I’ve been on an educational tour - meeting with Indiana lawmakers in hopes of creating a ‘Bitcoin Bill of Rights’ for all Hoosiers. Today, that idea (HB 1042) officially passed the state legislature and is now heading to the Governor’s desk for signature. iga.in.gov/pdf-documents/…
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----Linear Trav----@3DNuts·
@CernBasher This is not priced in. Everybody, including AI super agents, need Bitcoin Nod to Adam Back here for helping add POW as the missing piece to making Bitcoin both viable and unforgeable.
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Cern Basher
Cern Basher@CernBasher·
This is an important, difficult and personal decision. However, no one on X can tell you what to do, as no one here knows everything they would need to know to offer you advice (even if they could legally do so). As a financial advisor I can legally provide investment advice, but not here (because I don't know anything about your financial situation). Further, the word "risk" has no universal definition. For some it's stock price fluctuation. For others it's permanent loss of capital. For others it might be the opportunity cost of waiting for Tesla to perform - we ain't getting any younger! So the answer to your question involves a deep understanding of your personal financial situation AND understanding what "risk" really means for you.
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Lad
Lad@Teslaholdlong·
I am retired & 68.5% of my portfolio is in my IRA which is 100% in $TSLA & 80% of my total portfolio is in $TSLA. My strong conviction for Elon & Tesla is that I can’t bring myself to sell a single share of Tesla. Our passive income is enough to cover our expenses comfortably in retirement. Am I taking too much risk ? @TeslaBoomerMama @CernBasher @herbertong @FutureAZA
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----Linear Trav----@3DNuts·
@VandelayBTC @jack Very good question. NewRez is the first major mortgage broker to allow Bitcoin assets for approval. CashApp Bitcoin holdings should help the score here where traditional rating agencies couldn't touch. This could be a MUCH better rating system.
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Nicholas J. Fuentes
Nicholas J. Fuentes@NickJFuentes·
Howard Lutnick needs to be fired. Les Wexner needs to be indicted. And the DOJ needs to unredact and release every single one of the 6 million Epstein files and investigate everybody who is implicated. This isn’t going away.
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Nick Szabo
Nick Szabo@NickSzabo4·
Bitcoin is, currently, a little bit less expensive than physical gold for individuals to self-custody (custody costs and risks) and far less expensive and quicker to transfer (validation/assay costs and risks and global settlement). Bitcoin is so far neither considerably cheaper nor more expensive than gold for institutions to hold, because of the trust/control issues involved in institutional custody. Technology can make Bitcoin considerably cheaper to self-custody, both for individuals and institutions, but that is a set of technologies that are slow to mature, not widely understood, and require very different kinds of institutional trust/control support that are even less well understood, as well as otherwise overcoming the long institutional habits of Wall Street and banks to centralize custody. There's considerably less room to improve self-custody and validation costs for the 6,000 year old technology of gold -- not impossible, just less room for improvement. This means that the current emabarassing centralization of Bitcoin at mega-custodian Coinbase is a temporary phase in Bitcoin's bumpy path to maturirty, whereas centralization of gold in bank vaults is unlikely to change much.
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Indy Bitcoin Meetup
Indy Bitcoin Meetup@IndyBitcoin·
Meetup announcement! Our next meetup will be Wednesday, 2/18 from 7-9pm at Keystone Sports Review. Please note the location change. We will be trying out a new venue for when we have guest speakers/more guests. Keystone Sports Review is at 71st and Keystone Ave. We will have the entire upstairs. @RelIrrelvantVIP will be giving a presentation on "How to Use Your Bitcoin Node to be More Private" Free drinks by @megawatthq Talk to them if you're interested in mining. RSVP here: meetup.com/indianapolis-b…
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