
Parth
713 posts

Parth
@zen_master23
@MetaplexFndn prev. Ops @MessariCrypto, @PwC Consensus is temporary.
Katılım Ağustos 2016
1.5K Takip Edilen166 Takipçiler
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17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.
@SenateDems could learn something from that.
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Went to @citrea_xyz's Bitcoin Research Day, really high signal event.
TLDR: We're making incremental improvements in trust-minimized BTC technology that will likely have little effect on BTC utilization rate today, but once trustless bridging is possible, they will be some of the most important protocols in crypto.
My high-level takeaways:
> @cryptoquick @isabelfoxenduke @januszg_ @redvelvetzip @JeremyRubin are great people to follow for future BTCFi and Bitcoin Layer development. Some of the most educated people in the Bitcoin ecosystem.
> The Bitcoin Ecosystem can be broken down into three buckets based on trust assumptions: trustless, trust-minimized, and no one gives a f*ck (NOGAF). We have some proxies for those audiences:
1. Trustless: hardest to gauge, not sure what % of the mc of BTC would actually participate in BTC if BTC could be bridged to other chains in a trustless manner.
2. Trust-minimized: Bitcoin TVL is a decent proxy. Would say Babylon makes up 50% of the TVL and would not call it the most trust-minimized option; most of those aren't even live yet. But @citrea_xyz, @AlpenLabs, @ArchNtwrk, and similar rollups/BitVM utilizoors will probably be the best proxy.
3. NOGAFs: Bitcoin wrappers (WBTC, BTCB, cbBTC, LBTC, etc.), roughly $30B as of the time of writing.
> Trust-minimization technology is a clear point of focus for Bitcoin devs. We're making incremental improvements (BitVM2/3, garbled circuits, Bitcoin ZKProofs, statechains, Bitcoin covenenants etc etc (sorry I'm just spitting out buzzwords, I will do deeper posts on all this in the near future)). But today's trust-minimized technology is still very much a WIP, thankfully Bitcoin eco has some of the highest-caliber talent so I encourage everyone to follow the above accounts listed (and please tag any other recs!)
There's so much more to cover, I'm very excited to dive deeper into the Bitcoin Eco, thankful to leverage @MessariCrypto's distribution to do so. Please reach out if you're building on Bitcoin!!

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The official @TeamYouTube @YouTube @YouTubeCreators explanation for the removal of 9 years of in depth tutorial content that has been consumed by 16 million people.

BTC Sessions 😎@BTCsessions
YOUTUBE JUST BANNED ME. THANKS @TeamYouTube, I was only working on that for 9 years.
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Stablecoins are the next logical evolution of closed-loop payment networks
Historically, large merchants like Starbucks and Target built out their own internal payment networks in an attempt to circumvent fees paid to card networks and banks
Users upload funds onto their app → the merchant monetizes this “float” by investing it into liquid low-risk assets on the back-end → the merchant simply updates their internal ledger when the funds are spent
Given this model meaningfully improves their bottom-line, merchants have historically subsidized adoption with rewards
However, the tradeoff with closed-loop networks has always been interoperability — my Starbucks dollars aren’t fungible with my Target dollars given they exist on two independent payment networks
This has hamstrung the adoption of closed loop networks as users need to on and off-ramp into independent apps each time they want to spend
Blockchains and stablecoins however fundamentally change this
As open and programable networks, Amazon, Walmart and Target could each issue their own interoperable stablecoins
In other words, my Amazon dollars, Starbucks dollars, and Target dollars would all exist in the same wallet on the same open network (perhaps an even better model would be a consortium)
Said differently, stablecoins rails offer merchants all the benefits of having their own closed-loop payment network — float income, evading fees — with the same benefits of operating on an open network — interoperability
Stripe, Shopify, OpenAI, X, Amazon and Walmart are realizing that blockchains are credibly neutral infrastructure that allow them to own more of the payments stack themselves
While the incentives are there for merchants, the open question is whether consumers will overcome the path-dependent inertia of card payments
Jevgenijs Kazanins@jevgenijs
Of course they are! $AMZN $WMT
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Spot the difference between the two $GME proposed private offerings.
Bitcoin vs. acquisitions.
investor.gamestop.com/news-releases/…
investor.gamestop.com/news-releases/…


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@arkham @Strategy @saylor So many people don’t understand BTC. 🤣
“Now Saylor can never sell”
Lol, Saylor doesn’t want to sell. He’s already holding the apex asset. Sell for what?
He sold Fiat for Bitcoin.
Would you sell USD for Indian rupees? The answer is no, selling BTC for USD is the same thing.
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Introducing stellar.messari.io
What can you find in the Stellar Portal?
> Network Metrics
> Key Updates and Network Developments
> Newsfeed and AI summaries
> Ecosystem and Community Metrics
Everything you need to track @StellarOrg's real-world solutions network👇
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Arcadepepen / Ms. Pac Man
Can't have Pac Man without Ms. Pac Man.
Arcadepepen celebrates one of the first times in human history when large networks formed around the appreciation of digital art.
A few tweaks and one more edition, then we submit to @opepenedition
GIF
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Take a moment to think about how all the key questions of modern quantitative finance, founded upon the very principles of physics, are based on one unique security for which we know the relation of mu to sigma:
The riskless bond ie t bill which has sigma =0, “guaranteed” return r
And then think about how the destruction of that very touchstone represents the finance-equivalence of the destruction of atoms themselves -
That atomic bomb is Bitcoin.
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Extrapolating the Convertible Bond Trap - the 5 Parties Navigating $GME's Pressure Cooker
$GME is caught between a capital floor and a reflexive ceiling.
It’s not about retail vs. Wall Street anymore.
It’s about who’s (mechanically) boxed in, who blinks first, and why buying time only begets more pressure. 🧵
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