Hailey

65 posts

Hailey

Hailey

@zhinthewind

Less talk, More thinking

Katılım Nisan 2017
2.6K Takip Edilen116 Takipçiler
Bruce Fenton
Bruce Fenton@brucefenton·
If you had to pick the next President, VP and cabinet from this list who would you pick?
Bruce Fenton tweet media
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Hailey
Hailey@zhinthewind·
Bitcoin is "too big to fail". Web 3.0(protocols, not platforms) points the way for decentralized projects as well, just as Jack Dorsey pointed out.
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Hailey
Hailey@zhinthewind·
Bitcoin's significance not only lies in financial freedom for individuals, but also points a way for other decentralized projects. Bitcoin is a lighthouse, it's also an experiment. Thus its survival is crucial for the whole industry. #bitcoin
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Hailey
Hailey@zhinthewind·
真っ黒-->真っ暗
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Hailey
Hailey@zhinthewind·
It's a sad story. A 48-year-old Chinese(male) committed suicide after knowing that his heart surgery may cost $14,000 which he/his family cannot afford. #Bitcoin cannot fix this.
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Hailey
Hailey@zhinthewind·
Bitcoin is the unexpected disruptor in the currency competition between US dollar and CNY. Bitcoin, CNY and US dollar forms the "interesting & unique" balance(?). Just like a triangle. The more the players, more complicated the game is.
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Hailey
Hailey@zhinthewind·
Good point. But why attack Bitcoin when there are more benefits? An ex-government official once said that bitcoin helped deter dollar hegemony during a mining conference. If normal people like us can see why bitcoin is so great, so can the government.
Hasu⚡️🤖@hasufl

An underdiscussed aspect of security is that attacking Bitcoin is more costly for China (relative to their share of hashpower) than e.g. the US. Why? While the US would "merely" devalue all mining farms, China would additionally devalue their hardware manufacturers, foundries...

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Hailey
Hailey@zhinthewind·
This is Bitcoin&Blockchain popularity index in recent one month(data from China's biggest search engine Baidu). Pink one is blockchain while blue one is bitcoin. Popularity of blockchain is at least 2x/3x of bitcoin.
Hailey tweet media
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Hailey
Hailey@zhinthewind·
9/ It's an article publicly educating 1.4 billion people about bitcoin. Majority(of 1.4 billion people ) don't even know/haven't heard of what bitcoin is before this article. will it bring influences to bitcoin in China?We shall see. (end) #bitcoin #BTC
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Hailey
Hailey@zhinthewind·
8/ the title suggests gov's policy of putting blockchain before bitcoin(though gov understands how innovative bitcoin is) , which matches gov's public attitude towards blockchain. #bitcoin
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Hailey
Hailey@zhinthewind·
7/ Xinhua's report in Chinese :xh.xhby.net/mp3/pc/c/20191… As China's state news agency, this article's title means that gov surely understands bitcoin but used a different way of saying that, in front of 1.4 billion people...
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Hailey
Hailey@zhinthewind·
6/.... "National sovereign credit makes it possible that fiat money will not depreciate drastically in short period and that's why people prefer fiat money over gold/silver" ... #BTC #bitcoin
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Hailey
Hailey@zhinthewind·
5/ ... "the way bitcoin generates consumes a lot of energy" / bitcoin price's volatility (" bitcoin is just a bunch of data. if it is not pegged to fiat money and material object(?), its price will not be stable. ) ... #BTC #bitcoin
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Hailey
Hailey@zhinthewind·
4/ The article also introduces how bitcoin's address/private keys/mining fees work. In terms of features of bitcoin, it introduces with following features: "limited supply / anonymity("bitcoin payment's main use is black market&dark web)/... #bitcoin #BTC
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Hailey
Hailey@zhinthewind·
3/ The article says: "trading records of traditional financial system are stored in banks' central database while blockchain is bitcoin's ledger. bitcoin's ownership and trading records occurred at any time are written down in blockchain ledger."
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Hailey
Hailey@zhinthewind·
2/The article says: “Bitcoin was born and operated through internet, it's an open-source P2P digital currency. It's different from gold/silver and fiat money(endorsed by national laws and sovereign credit) which people have been used to in recent 100 years."
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Hailey
Hailey@zhinthewind·
1/ China's state news agency Xinhua published an article with the title "Bitcoin is blockchain technology's first successful application/use case". The article introduced what bitcoin is and bitcoin's features.
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Hailey
Hailey@zhinthewind·
People not knowing what sound money is because they haven't experienced the consequences of fiat yet. Or the consequenced are made seemingly invisible by interest-related parties. Normal people don't have choices other than working harder facing inflation.
Alex Krüger@krugermacro

This is an important question. -Bitcoin has several applications. Sound money one of them -Bitcoin's loudest promoters focus mostly on "sound money" -Most people are not interested in the concept of sound money =>marketing/positioning issue =>bad for adoption Food for thought.

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