Steven Ellis

@ForrestGalt @thelibraryvc @Utopia_artist @gaius1337 Epic

🔥 Beyond excited to adopt a new forever PFP from @thelibraryvc's upcoming collection by @Utopia_artist! Our values, community, and love of solana defi are years in the making and would not be possible without @gaius1337

@ggcripto @udiWertheimer Who is Google in this analogy?

@udiWertheimer It will end exactly like it did with Linux: a bunch of schizos arguing over trivial things while Google takes over. Their inability to move on will cost them whatever relevance they could have had in the future of Bitcoin.

bitcoin core and bitcoin knots are fighting over who gets to be the next tzar of the USSR both sides seem unaware that the USSR doesn’t exist anymore this is the most irrelevant power struggle in bitcoin’s history. none of these people matter

@pt0kes Thoughts on squats? Low bar / high bar?

$100: It will never work $1k: It's not secure, gov will shut it down $10k: It's too expensive, bubble going to pop $100k: Retail isn't going to pump it anymore $1m: It's boring, not enough upside $10m: Only rich people hold it Excuses evolve, #Bitcoin stays the same

@udiWertheimer @Deeztokens_ I thought it was a funny joke that we were all in on

@Deeztokens_ @cold_sats do you think you uncovered some gotcha like when i said “yes” do you think you entrapped me and i didn’t realize the implications of what i was saying is that how you see this situations

one thing that you have to understand is that crypto prices are not driven by crypto natives anymore it’s absolutely crucial that you understand this having 100% of CT deciding one day that the mnav play is dead is completely immaterial and means absolutely nothing at the end of the day even memecoins only go up and down based on the trickling down of tradfi liquidity everyone on this app is an idiot. without exception. it’s like fish in an aquarium building a “thesis” around the times of day when humans feed them. entirely useless arbitrary groupthink

@dr0ther @ColorCombos @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth Miners typically mine what pays most. Dust is not lucrative, “spam” is. So most miners don’t filter “spam”

@cold_sats @ColorCombos @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth And 100% of your filters work when you mine a block

Bitcoin KNOTS just crossed 17% in adoption. Went from 2% to 17% in three months. We are winning. Run a node. Run Knots. @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth

@dr0ther @ColorCombos @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth Aligned economic incentives

@cold_sats @ColorCombos @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth If they din’t work why is the dust limit still effective?

@ColorCombos @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth I’m more interested in understanding your argument for why they do work, could you explain?

@cold_sats @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth The filters don’t work but we have to rip them out. Explain that gaslighting logic.

@ColorCombos @adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth Very few nodes relay sub 1 sat/B transactions and they still get mined. Won’t matter if it’s 2%, 17%, 85%

@adam3us @Jethroe111 @LukeDashjr @GrassFedBitcoin @ocean_mining @boomer_btc @stephanlivera @JeffBooth What if we get 85% running knots since core isn't listening anyway...

@w_s_bitcoin Why you have to say this

$58k is only a 50% drop from here.

American adults: < Age 40: ~20% hold bitcoin and ~10% gold Age 41+: ~5% hold bitcoin and ~15% gold Skate to where the puck is going to be, not where it has been

Saw a bunch of close long time friends this weekend Most hold bitcoin now thanks to my many years of evangelizing Had various conversations about what I think of bitcoin at this price, do I have a target etc My general answer boiled down to: -U.S. debt / spending is on an unsustainable path (along with many other countries) -The likely outcome is either default (unlikely), massive spending cuts (unlikely) or default via sustained inflation (more likely) -In the more likely outcome, all assets will continue to go up (stocks, houses, commodities, bitcoin) -Bitcoin is viewed as a risk asset and has historically correlated with stocks with higher beta so will likely go up the most -Past that there's a question of whether the world becomes hyperbitcoinized and bitcoin transitions to a safe haven (sovereign reserves, mass adoption of L2s, fiat backed by bitcoin, etc) but none of this is necessary for bitcoin to moon and reach gold parity or more I don't have targets. I don't know if we're at a short term top (I don't think so but who knows). I just stay exposed. Buy and hold forever. Use as needed for life improvements. Do it with as much % as you're comfortable with (we're young, IMO go high risk) Most people I know understand the bitcoin value prop nowadays, they don't need to be convinced why it's useful Most don't want to pick stocks or crypto either, they just want to invest and forget Bitcoin has proven itself. You don't have to speculate on pmf, utility, execution, etc. It just exists and will ride this macro wave It might also do more but you don't have to believe it will to hodl I think this line of thinking generally resonates

Bessent didn't say anything new today September rate cuts are still near certain CME gap filled, short term rounded bottom forming, daily trend strength ramping up, weekly uptrend pointing up, monthly could get explosive I don't think the golden bull run is cancelled yet

Damage control / attempt to regain goodwill? So far the market doesn't care x.com/SecScottBessen…

Is the market overreacting? BESSENT TODAY: -Will not buy more bitcoin -Will "use confiscated assets and continue to build that up" -Will stop selling bitcoin -Current bitcoin is worth $15-$20B "Not buying" doesn't necessarily mean "Not accumulating", but his tone was quite definitive Bessent already confirmed earlier this year that they would use a budget-neutral approach to build the reserve and many speculated on ways they could accumulate "Not selling" doesn't mean "we recently sold" but they confirmed that earlier this year so why say it again? Was he throwing gas on the fire of bad PPI numbers this morning to spook the market? Or was he just clarifying the intention to not grow the small reserve? Odd timing with bitcoin just hitting a new ATH yesterday

@Hobbes_00H Yea I think so. Why did he choose to say all this today? Come on man

@cold_sats Dumb reaction from the market. I don’t think he’s given any new information here.

@zukoushitu @ABCOrdinals 🧡

cat is good @ABCOrdinals #newPFP #Ordinals

@asanoha_gold @Dennis_Porter_ Looks pretty bottomy to me

“Those damn Knotzi’s are just spinning up cloud nodes!” H/t @Dennis_Porter_

@prihani @w_s_bitcoin I’ve been into Bitcoin since 2014 and I have no idea what amount bits stands for and I don’t really care to learn

@cold_sats @w_s_bitcoin “Bits” solves all of this.

I'm coming around to using the ₿ symbol for sats. I don't think I'll ever get used to calling them "bitcoins" though...that's still retarded. 1 BTC = ₿100,000,000 = 100,000,000 sats