Greg Thomas

105 posts

Greg Thomas

Greg Thomas

@AussieBTCpleb

Father, dreamer, Bitcoiner.

Melbourne, Victoria Katılım Ocak 2025
328 Takip Edilen88 Takipçiler
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Greg Thomas
Greg Thomas@AussieBTCpleb·
When your friend finally wants to know what all the fuss is about…
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@Dale21M This is something I think about daily I reckon, my opinion, we will 100% see it in our lifetime. Gradually, then suddenly.
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𝙳𝚊𝚕𝚎 𝚆𝚊𝚛𝚋𝚞𝚛𝚝𝚘𝚗
Unpopular opinion: I don't think we aren't going to see a world where all voluntarily forfeit the right to print their own currency and adopt bitcoin. Any time soon at least. I see way too many people talking about the end of fiat. Yes fiat is garbage, and it will continue to decline, and in some places be replaced by a new one. But all fiat currencies dying and the world adopting bitcoin? Not in my lifetime. Would you give up the right to print money? Voluntarily?
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@carri_cee To fix the money and fix the world, we first need soldiers!
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@jakescanlan Awesome to hear, I can’t wait to get there and check it out for myself one day (hopefully soon).
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Jake Scanlan
Jake Scanlan@jakescanlan·
I spent the first 80% of my journey as a Bedroom Bitcoiner, ‘connected’ but alone. El Salvador has become that place for me to materialise Bitcoin as a feet on the ground community, and a network of POSITIVE people, building the future they wish to see.
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Altcoin Daily
Altcoin Daily@AltcoinDaily·
Let's settle this: Cardano or Solana?
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@thebtcdad Ok sure I’ll bite, my bio says ‘father, dreamer, Bitcoiner’ so looks like we have a bit in common :)
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The ₿itcoin Dad 🇺🇸
If you are a Bitcoiner with less than 1K followers, please say hi. You will thank me later. ⚡
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@ProfSteveKeen I’m really not trying to troll, honestly, but your understanding of Bitcoin is laughably bad. It’s been 17 years and you still haven’t taken the time to actually learn what it is and how it works.
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@TMFScottP We’re very glad to have you in the club now Scott! And as a holder now, when it rips (which it will), it’ll make you even more curious to learn more about it, and when it REALLY rips… you’ll dive deeper down the rabbit hole. Keep going mate :)
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Scott Phillips
Scott Phillips@TMFScottP·
Bitcoiners: "Welcome to the party, pal"
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@GrassFedBitcoin @jonatack I want BIP110 to succeed I really do, but without significance economic force (be it through hash/an exchange etc), and a high node count - how is it not going to result in a chain split that would ultimately die out? Thanks Mechanic
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Australian Bitcoin Industry Body
When we appeared before the House Economics Committee last week, the goal was straightforward: ensure the Australian Bitcoin Industry had a voice in the digital‑payments inquiry. We appreciate the coverage in @InvestorDailyAU and elsewhere that noted ABIB’s participation. But, we came away with a clear view: We have a lot more work to do to differentiate bitcoin from blockchain While there were a number of times our representatives at the inquiry believed the members were on the cusp of seeing what we as Bitcoiners see, the settlement‑infrastructure gap was never addressed. It segued back into the existing networks and extensions thereof. Bitcoin as a concept was seen as just another asset, rather than the zero‑marginal‑cost settlement infrastructure it is already being used as, and within a domestic payments network framework, could be leveraged to be. The inquiry centred on the liabilities of stablecoins, the problematic access to existing payment networks, the conflicts of interests embedded in those networks, and the reliance of trusted third parties - all valid concerns for centrally-controlled ‘blockchain, not bitcoin’ systems. We’re preparing supplementary material for the Committee that targets this settlement-infrastrcuture blind spot. Bitcoin functions without reliance on conventional payment rails, and that neutrality matters for payment finality both domestically and internationally. For the advancement of bitcoin in Australia, we must address the technological blind spots that emerge by conflating bitcoin with “blockchain” - by persuing a “bitcoin, not blockchain” framework. Recognition of that distinction is critical if Australia wants competition to result in at-scale access to a zero-marginal-cost payment networks that is resilient to corporate-capture, market concentration, and coercive behaviour. We’ll keep making the case.
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@jakescanlan @BitcoinBerlinSV Speaking of voting with their feet Jake, any thoughts on BIP110 and the whole Knots v Core debate? Would love to hear your thoughts as one of the best thinkers in the space
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Jake Scanlan
Jake Scanlan@jakescanlan·
Bitcoiners vote with their feet. Internationally? …. Tax Reasons Domestically? … “¿Aceptas Bitcoin?” If anyone looks for how to bring Bitcoin spenders to their town, there’s a whole blueprint that has worked in @BitcoinBerlinSV Usulatan
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@GrassFedBitcoin @cguida6 I don’t understand how nodes on their own, without any significant economic force (eg an exchange) or hash support (eg a decent sized miner) can get this done, unless we get to about a 20-30% node count and then yes, game theory starts to really factor. What’s plan A please?
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Mechanic #BIP-110
Mechanic #BIP-110@GrassFedBitcoin·
It is impossible to overstate the degree to which Bitcoin has been betrayed.
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Mechanic #BIP-110
Mechanic #BIP-110@GrassFedBitcoin·
They're trying to build Ethereum on Bitcoin. They need constant reassurance that our ecosystem won't rug them. Core did everything they possibly could to make them feel welcome and reassure their investors. No one has a credible plan to prevent the incoming termite infestation beyond the BIP I discussed yesterday.
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@mattkratter Ok, I don’t understand how nodes on their own, without any significant economic force (eg an exchange) or hash support (eg a decent sized miner) can get this done, unless of course, we get to about a 20-30% node count and then yes - enter game theory. What’s plan A please Matt?
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@JeffBooth So is this the bot version of you Jeff? See you on nostr :)
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Jeff Booth ⚡️
Jeff Booth ⚡️@JeffBooth·
🧵 Imagine a world where prices fall over time and your purchasing power increases. Sounds utopian? It's not. In a free market with sound money, this is the natural order. Let's explore why falling prices lead to abundance for all. 👇
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Greg Thomas
Greg Thomas@AussieBTCpleb·
In Bitcoin’s 17 year history, we’ve had one Node client enforcing the consensus rules for the vast majority of the network… does that not sound pretty centralised to you?? We now have 2 major players, Knots and BIP110 are HEALTHY for Bitcoin whether you support it or not.
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@metazynn Money emerges in stages, and Bitcoin is emerging as money.
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zynn
zynn@metazynn·
Bitcoin’s whitepaper says peer-to-peer cash. So why did it become digital gold? EllioTrades thinks the "Bitcoin is gold" side winning the blocksize war was the biggest mistake in Bitcoin's history.
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Greg Thomas
Greg Thomas@AussieBTCpleb·
@mempaull @AusBTCIndBody Put simply, that you believe in Bitcoin and advocating for the future of Bitcoin adoption in Australia :)
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