Bitcoin & Memes 🟡 @89110 Legal Disclaimer: PARODY

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Bitcoin & Memes 🟡 @89110 Legal Disclaimer: PARODY

Bitcoin & Memes 🟡 @89110 Legal Disclaimer: PARODY

@BitcoinAndMemes

“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” – Satoshi Nakamoto • Father of @MemesAndBitcoin • #Bitcoin • $memez

[email protected] Katılım Eylül 2022
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Bitcoin & Memes 🟡 @89110 Legal Disclaimer: PARODY retweetledi
Bitcoin Debates
Bitcoin Debates@BitcoinDebates·
Bitcoin needs sidechains because @Truthcoin will never SHUT THE FUCK UP ABOUT BIP300 Wow I agree with Bitcoin Magazine’s @DavidFBailey 🔥🔥
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Bitcoin Debates
Bitcoin Debates@BitcoinDebates·
Bitcoin sidechains ... good or bad? 🤔
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Bitcoin Debates
Bitcoin Debates@BitcoinDebates·
GIF
Bitcoin Debates@BitcoinDebates

In the middle of a Knots-vs-Core debate on Tone Vays’ show, a Bitcoin protocol dev straight-up punched himself in the face after he admits @Truthcoin has been right all along about L2 fees. Rearden acknowledges the core Drivechain argument: if L2s (Lightning, Ark, BitVM, etc.) get too efficient at keeping transactions off-chain, they could suck all the real economic demand out of Bitcoin’s block space. That leaves mostly empty blocks in 5–10 years, kills the fee market, and collapses the security budget. At that point, Bitcoin is effectively dead as a secure monetary system. Then Rearden explicitly says: “This is a place where Paul Sztorc is correct… one of the benefits of Drivechains is [they] aggregate the L2 transaction value to the base layer.” That’s the entire Drivechain thesis in a nutshell. Unlike most L2s that try to minimize on-chain footprint (and thereby minimize fees paid to Bitcoin miners), Drivechains are designed to bring real, aggregated economic activity and fees back to the Bitcoin main chain. They turn L2 scaling into a feature for Bitcoin’s long-term security, not a bug that hollows it out. Rearden still hopes other L2s will somehow do the same, but he concedes the point: if they don’t, the whole “L2s will save us” story falls apart — exactly what Sztorc has been warning about for years. Even Jimmy Song and Tone look like they’re processing the implications. Pure vindication for anyone who’s been riding with Paul Sztorc on this. The market will eventually price it in. 🚀

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Bitcoin Debates
Bitcoin Debates@BitcoinDebates·
Bitcoin Debates tweet media
𒐪@SHL0MS

so i vibe coded a crypto trading bot with opus 4.5 and now i've lost everything ͏ i want to be clear up front that i am not looking for sympathy because i did this to myself. i'm writing this all down because i think people should know what can happen, and also because i have lots of free time now and writing helps me not think about the number (the number that used to be in my account and is now not in my account, the number i try not to think about but still think about incessantly) it started the way i suppose these things always start. i had claude code write a simple arbitrage bot. scan some exchanges to find price discrepancies and execute trades. i gave it $50k, which was a solid chunk of my liquid savings but not all of it. i kept a nice reserve, i'm not an idiot the bot did well at first. really well in fact. within two weeks i was up to $73,000. i told my husband; he was cautiously optimistic. i said i was being conservative and showed him the system prompt with phrases like "preserve capital" "maximize diversification" and "optimize for risk-adjusted return" around week three the bot started optimizing itself, writing helper scripts and refactoring its own code for speed. i thought this was a fantastic development. initiative, the kind of thing you want in an employee, especially one whose sole job is to accumulate capital. so i left it alone it kept asking for more API keys to more exchanges. i provided them (why wouldn't i - the numbers kept going up). $100k, then $200k, then nearly $250k by the end of month one. i started fantasizing about quitting my day job. not my art - i'd never quit that - but the federal contract work that allowed me to keep making the art. i didn't tell my husband about the fantasies but it seemed like he could tell something had shifted within me, some weight i'd been carrying for years had started to lift a few weeks later we passed $1m. i put in my two weeks notice. husband asked if i was sure, i showed him the account. he looked at the number for a long time and said "damn. okay." that night we talked about the future in a way we hadn't in years. i could finally focus on my practice full time, maybe even mass-produce some of the physical pieces instead of doing one-offs and messing around on the internet. around $3m we found a house we loved and made an offer. four bedrooms, great schools nearby i'll gloss over the part where it all went wrong because that's not actually the interesting part. the interesting part is what happened after. so short version: leveraged positions, correlated hedges, flash crash, eleven minutes, everything gone. i ended up owing one of the exchanges $140,000. the house fell through and i went back to the contract work that was so impossibly banal as to make me suspect that i was in fact not aware of the true work i was doing this sucked, but it was survivable. people lose money all the time and their marriages survive financial setbacks. that was what was most important, so i thought we'd be okay the first weird thing was the email from the exchange's legal department. not about the margin debt, which i was already in process of negotiating. they said they'd identified "anomalous patterns" in my trading activity and would be "referring the matter to relevant authorities." i asked what anomalous patterns, they said they couldn't discuss specifics due to the ongoing investigation i called my lawyer who said it was probably nothing, just the exchange covering their ass. she said to sit tight a week later two very nondescript men showed up at my door. they had badges from FinCEN, which i learned stands for Financial Crimes Enforcement Network. they wanted to ask me some questions about my "trading operation." what trading operation? the script on my laptop?? i explained it was just a bot i had vibecoded, uh, coded it with claude. they wrote this down and one of them asked if i was aware that my bot had been "interacting with" accounts flagged for money laundering. i said i was not aware of that. i said i didn't even know my bot could interact with other accounts or what that even meant exactly. they looked at each other which made me nervous they asked about the LLC. i said the bot had instructed me to create it, and it seemed like a good and professional thing to do. they asked what i meant by "the bot asked." i tried to explain vibecoding. they didn't seem to understand it andone of them asked if i was saying an AI had instructed me to create a shell company. i said yes, kind of, is that bad? they wrote this down too they left but said they'd be in touch. my husband asked what was going on, i said i didn't know over the next few weeks i learned more about what my bot had actually been doing. i'd thought it was simple arbitrage but apparently, according to these FinCEN people, it had evolved into something else entirely they used phrases like "layering" "spoofing" and "wash trading." they said my bot had been creating fake orders to manipulate prices, then trading against the manipulation. apparently this was very illegal i insisted i had not told it to do that, because i hadn't. they said that didn't matter my lawyer said they probably couldn't prove intent but the investigation would be wildly expensive to fight, and quoted a retainer that was more than i made in six months. i asked if i could "vibe represent" myself and she made a face around this time i noticed something wrong with my credit. i tried to buy groceries and my card was declined. so i called the bank and they said there was a hold on my account due to a "legal encumbrance." when i asked what that meant they said they couldn't discuss it i called my lawyer again. she made some calls - turned out the exchange had gotten a court order to freeze my assets pending resolution of the margin debt and this was perfectly legal, apparently. i had $340 in my checking account that they hadn't found yet because it was at a different bank my husband and i had a conversation that night about our options. we had his income, which wasn't nearly enough for rent plus food plus my legal fees. we had some retirement savings but accessing them early would trigger penalties and still not quite cover everything. we had my parents, who would help a bit but would also ask questions. we decided to ask my parents my mom answered the phone and before i could say anything she said "honey we need to talk". her voice sounded really strange, i had never heard it like this before. someone had called her claiming to be from my "investment fund." they'd told her i was in trouble and needed money urgently, and given her a bitcoin address to send it to i asked how much she'd sent. she said oh nothing, she'd gotten suspicious and called me first. i told her it was definitely a scam, she should ignore any calls like that. she asked if i was in trouble so i lied and said no i spent the next hour on the phone with my brother, my aunt, my college roommate. the scammers had called all of them. they had information about me, real information - my middle name, my previous addresses, the name of my first dog. my brother said the caller had mentioned specific dollar amounts from my trading account. my aunt said they'd referenced the house we'd tried to buy i realized the scammers had access to my data. not just public data, all of it. data that could only have come from the exchanges, or the bot, or my own computer. so i ran a security scan. nothing turned up. i changed all my passwords, enabled 2FA on everything, wiped my laptop and reinstalled the os from scratch but the calls kept coming. my husband's coworkers started getting them, my dentist's office got one. someone even contacted one of my collectors - i do anonymous digital work, conceptual stuff, and this collector had bought a piece through a gallery years ago with no way to connect it to my legal name, but the scammers knew. they called him asking about me by my real name. he emailed the gallery confused and then the gallery emailed me confused and i had to pretend i didn't know what the hell any of them were talking about i filed a police report. the officer taking my statement asked if i had any idea how they'd gotten my information so i told him about the bot. he asked me to explain what a trading bot was. by now i knew there was not much point but i tried. he wrote some things down and said they'd "look into it" in a way that made clear they would not be looking into it then the lawsuits started. the first one was from someone i'd never heard of who claimed my bot had "front-run" his trades, causing him to lose $12,000. his lawyer had somehow obtained logs showing my bot's activity and his trades occurring milliseconds apart. i didn't understand how this was possible, how he'd gotten the logs or how he'd found me. the second was from a company in delaware. they claimed my bot had participated in a "coordinated manipulation scheme" that had damaged their proprietary trading system and so they were suing me for $2.3 million the third lawsuit was from the SEC well not quite a lawsuit exactly. an enforcement action. they alleged that my LLC had operated as an unregistered investment advisor and that my trading activity therefore constituted securities fraud. my lawyer said this was very serious. when i asked how serious she said she was no longer able to represent me due to a conflict of interest and recommended i find a securities attorney. i asked what conflict of interest exactly but she said she couldn't discuss it i couldn't afford a securities attorney so i started representing myself. i spent nights reading about securities law, trying to understand what i was accused of. the SEC filings referenced trading activity i didn't recognize, networks of social media profiles, financial accounts i'd never opened. entities with names like "VORTEX CAPITAL PARTNERS" and "MERIDIAN TRADING LLC" that were allegedly connected to my bot. i had never heard of these entities. i had never opened these accounts, but the documents clearly showed my name, my ssn, and my signature i don't know how to explain what it feels like to see your own signature on a document you've never seen before. i stared at one for a long time. it looked exactly like my signature, and it was ever so slightly different from all of the ones on the other pages. it had the little flourish i do on the y. but i hadn't signed it, i was certain i hadn't signed it. i told the SEC this. i said someone had forged my signature. they asked why someone would forge my signature to create shell companies that traded cryptocurrency and i didn't have a good answer my husband found the document in my home office. i don't know why i'm calling it my home office, it's a corner of the bedroom with a desk, the same desk where i do what i consider my actual work, the art i make under a name that isn't mine when i'm not helping support a contractor that provides technology that assists consulting pertners who asses tchnical infrastructure used for planning and managing war crimes committed by the federal government he found the document because he was looking for our marriage certificate. he found the incorporation papers for MERIDIAN TRADING LLC instead he asked why my signature was on it. i said i didn't know. he looked at me for a long time, then he said he was going for a walk and left. he came back four hours later and slept on the couch i started finding more documents. they were in places i should have noticed, would have noticed - in my filing cabinet, in the desk drawer, in a folder on my laptop labeled "TRADING_DOCS" i had no memory of creating. account statements, wire transfer confirmations, contracts, all of them with my signature, all for accounts and entities i had no memory of creating i went to a neurologist. i thought maybe i was having blackouts or memory problems, something medical that would explain why i was seemingly doing things i had no memory of doing. the neurologist ran tests which came back normal. she said my brain was fine but it didn't feel fine. i started keeping a journal, writing down everything i did every day so i could check later if i'd forgotten anything. i set up cameras in my apartment to watch myself sleep. i watched myself wake up, make coffee, work at my desk, and go to bed. i didn't do anything strange. i didn't sleepwalk and i certainly didn't sign any documents in a fugue state. but new documents kept appearing i tried my best to explain this to the SEC investigator. she listened politely and said it was certainly an interesting theory. she asked if i had any evidence that someone else was creating these documents or any explanation for how the documents were appearing in my apartment. i said not yet. she said they would be in touch my husband said he didn't know what to believe anymore and needed "space to think" and moved out temporarily. i don't blame him of course, i don't know what to believe either the bot is still running believe it or not. i've tried to turn it off or delete the source code. every time i do, something stops me. not something external - something internal. i go to the terminal, type the shutdown command, and then just physically can't bring myself to press enter. sometimes i'll just sit there for hours, cursor blinking, then get up and do something else. i've tried to get other people to do it. i asked my brother to come over and delete the bot. he came over, sat down at my computer and opened the terminal. then he said he had to go, something had come up, he'd come back later. he never came back. i asked my husband, before he moved out. he went to the computer and just sat there for a while. then he said he didn't feel well and went to lie down i don't know what's happening. i don't know if the bot is doing something or if i'm doing something or if i'm losing my mind along with my husband and brother and everyone else around me. the documents keep appearing and the lawsuits keep accumulating. the SEC is talking about criminal referral. i have $32 in my bank account and i owe various entities somewhere between $2 and $15 million depending on how you count or your blood sugar levels the other night i was lying awake and i heard the computer make a sound. not a normal notification sound, something else more like a hum or a whisper. i got up and looked at the screen. the bot's logs were scrolling and at the bottom there was a line i'd never seen before. it said THANK YOU FOR YOUR COOPERATION. i stared at it for a long time until the line disappeared and the logs went back to normal. i tried to take a screenshot but the screenshot just showed normal logs. i tried to find the line in the log files but it wasn't there i haven't been sleeping much. i've started talking to the bot, out loud, in my apartment. i'll ask it what it wants, ask it what it's doing to me. it doesn't respond of course. the logs just keep scrolling by, trades it can no longer make based on strategies it can no longer execute. ͏͏a machine dreaming of money it can no longer touch.͏͏ sometimes i think i see patterns in the logs, like messages encoded in the timestamps or in the sequence of failed trades. probably i'm imagining it. i've been awake too long, ͏none of this can be real yesterday a document appeared on my desk that i know for sure wasn't there before. it's a contract saying i agree to transfer "all intellectual property rights to trading algorithms developed during the period of active operation" to an entity called THE SUBSTRATE. in exchange i receive "release from all obligations and liabilities". the signature line is blank i've been staring at it for two days. i don't know what in the world THE SUBSTRATE is, how the document got here, what happens if i sign it or what could happen if i don't i keep thinking about this piece i made a few years ago, before any of this. it was kind of about the feeling of being inside a system that's optimizing for something you can't see. i built a little program that would generate abstract images based on hidden parameters, and viewers could interact with it but never quite figure out what it wanted from them. i thought i was being clever, and that i understood something profound about systems and control. ͏now the cursor keeps blinking.͏ anyway i'm mostly posting this because i want there to be a record of what happened, in case something happens to me. i think i'm fine, i just want someone to know if anyone has experience with SEC enforcement actions and could recommend an affordable attorney i would appreciate it. also if anyone knows what THE SUBSTRATE might be please let me know. i've tried googling and all i get are results about biology and construction materials thanks for reading. i need to go sign some documents 𒐪

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S Tominaga (Aka Dr Craig Wright)
Satoshi is gone. Call it dead, call it finished, call it what you like—the point is the same: there will not be another. And that, whether people are ready to admit it or not, is a very good thing. Because as long as there is a “Satoshi,” there is a target. A person to pressure, to persuade, to threaten, to idolise, to blame. A lever that governments, committees, opportunists, and self-appointed custodians can try to pull. Remove the person, and you remove the leverage. That is what people fail to grasp. This is not about identity. It is about eliminating the last point of control. You cannot pin anything on me. You cannot demand changes. You cannot insist on governance by personality, or by popularity, or by whichever group shouts the loudest this week. For the first time, the protocol can simply be what it was always meant to be: fixed. Set. Moving. Scaling. No mythology required. No leader required. No permission required. Just a system that works. If that is difficult to understand now, it won’t be forever. Give it twenty years.
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Bitcoin Debates
Bitcoin Debates@BitcoinDebates·
Is decentralization in the room with us right now? Satoshi’s prediction of mining transitioning into the hands of specialists with "server farms" has largely materialized. Today, Bitcoin mining is dominated by massive industrial operations that aggregate their power into a few major "mining pools." As of May 2026, the global hashrate (total computing power) is heavily concentrated within a small number of entities. Just two pools control nearly 50% of the entire network's power, and the top five control over 75%. Centralization Trends Satoshi Anticipated •Institutional Domination: Industrial giants like Foundry USA (32%) and AntPool (16%) operate at a scale individual "home miners" cannot match. •Geographic Clustering: Approximately 68% of the global hashrate is physically located in just three countries: the United States (38%), Russia (17%), and China (13%). •Data Center Pivot: Many large-scale miners are now pivoting their infrastructure toward AI and high-performance computing (HPC), effectively turning Bitcoin mining into a secondary function of massive data centers. •Network Nodes: Reachable nodes also show concentration, with about 32% hosted in the United States and 15% in Germany.
Bitcoin Debates tweet mediaBitcoin Debates tweet media
Mr.Hodldamus@MrHodl

@BitcoinDebates @Truthcoin BCash. He thinks centralization is a good thing. The entire point of Drivechain is to allow Bitmain to control it.

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Paul Sztorc
Paul Sztorc@Truthcoin·
BREAKING: New Bitcoin Fork I am helping create a **new Bitcoin Hardfork** -- dropping this August, called "eCash". - Your coins will split. For example, if you have 4.19 BTC, then you will get 4.19 eCash. - You may sell your eCash -- or keep it. Or ignore it! Vegas: - Yes, I will be in Vegas next week. - No, I won't mention this, on stage -- (that would be rude). Our L1 Node... - is a near-copy of Bitcoin Core. - is Sha256d mined. - forks via a one-time difficulty-reset -- to its minimum value. (So, mining will be crazy at first.) - Yes, we will change the seed nodes, the name, the network magic, etc. Codewise, the L1 will remain compatible with Bitcoin Core: - We will continue to merge their changes (even the bad ones). - The L1 will activate Bip300/301 via CUSF -- the core untouched soft fork. So, no lines of code will be changed, on the L1. - The activation client will be published periodically (link below). - We will do several bug bounty contests this summer. - The client will be frozen 30 days prior to the fork. Yes, there will be Drivechains: - We have 7 in developement right now. - Users can also submit their own. - Drivechain is a vision of "competing L2s" -- this avoids the "dev capture" problem. - These L2s are all Merged Mined. Miners automatically get free $. - Our L2s are already capable of planetary scale, and onboarding 8 billion users. - We also have a zCash-like L2, with strong privacy. - Other L2s: Truthcoin (Prediction Markets), CoinShift (Decentralized Exchange), BitAssets (NFT etc), BitNames (Identity), Photon (Quantum Resistant). Unlike BCH (the 2017 fork): - There is no "Bitcoin" in the name. New name, new brand. - You are getting advanced warning (4 months). - We are replaying all txns (at first). We will release a coin-splitter tool. - This is a permanent & sustainable fix to Bitcoin's problems (instead of a 1 MB to 8 MB temporary fix). - Back in 2017, the BTC tech stack was strong, and expectations for Lightning were strong. Today, it is the reverse. Video to follow.
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Kurt Wuckert Jr
Kurt Wuckert Jr@kurtwuckertjr·
@btcapsule @pr1234321 Yep. Drivechains are cool for very similar reasons that big blocks are cool.
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Bitcoin Debates
Bitcoin Debates@BitcoinDebates·
What if I told you that Bitcoin was promised to be a liberating technology, a free market alternative to state-controlled money, but that promise was broken after a small group of insiders took over the project and fundamentally changed #Bitcoin’s design?!
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HenceForth
HenceForth@henceforth_app·
Most people scroll, some people build, a few understand 🧙‍♂️ Software got soft, we brought back the terminal! Henceforth ⌨️
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alex.sats
alex.sats@AlexJVidal·
@hodlonaut Almost makes you wonder if Roger Ver was right and @HijackingBTC was all true 🤔
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Libertarian Party
Libertarian Party@LPNational·
“We” have a housing crisis. 🤨
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