Alhassan Usman

Is Bitcoin seen differently now than 15 years ago because it exists in a completely different landscape? @rkbaggs was joined by @richrines of @Coredao_Org and @KieranPDennis of @_zprotocol to get philosophical about Bitcoin past, present, and future. #CHAINREACTION

DROPS E35: @Coredao_org - Bitcoin yield without giving up your Bitcoin @richrines is one of the initial contributors to Core DAO, the leading Bitcoin scaling solution. He's also a long-time Zcash holder and early backer of @_zprotocol , a new privacy chain built on Core's Satoshi Plus consensus. We talk Bitcoin yield, financial privacy, AI surveillance, and why the next big move in crypto might not be where most people are looking. We talk about: - How Core DAO lets you earn yield on Bitcoin by time-locking it - without ever giving up custody - Why borrowing against Bitcoin makes sense now - OG Bitcoiners rotating to Zcash - what "transition" actually means and whether it's bad for Bitcoin - Z Protocol as the DeFi layer for private money - Why AI has made financial surveillance trivial - and why that accelerates privacy adoption - How Agents are leaving full financial fingerprints - and why privacy needs to be default on at the chain level And much more... Timestamps: 0:00 - Introduction 2:05 - What does Rich Rines do? 3:00 - Financial Freedom 4:09 - Journey from Bitcoin to Zcash 6:40 - Zcash Philosophy 8:38 - Transition to Zcash 11:20 - Who is Rich Rines? 11:46 - Bitcoin as Pristine Collateral 14:28 - Criticisms of Borrowing Strategy 16:52 - Explaining CORE 18:58 - Bitcoin Yield Story 20:29 - Misconception regarding CORE 22:08 - Time Lock 23:34 - Risk of using CORE 24:37 - Strategies used by CORE 26:42 - What Bitcoin Holders Want? 28:46 - Bitcoin Yield 30:10 - CORE Alpha 32:44 - SatPay 34:19 - Power Grid Thesis 35:37 - Satoshi Plus 37:07 - What is Z? 38:12 - Benefits of long-term Zcash Holder 40:01 - Vertical Integration 43:12 - Privacy for Agents 44:41 - Faux Privacy 46:14 - Privacy vs Government 49:01 - Zcash’s Future 50:01 - Conclusion

This guy bought a physical Bitcoin bar in 2012. 100 BTC for $500. Held it through: -the Mt. Gox collapse -multiple 80% drawdowns -the pandemic crash -the FTX collapse and a million other scares And finally sold it. He walked away with $10 million. Ten. Million. Dollars. 🤯

1/ Yesterday, I was tagged in over 300 posts asking almost the same thing: “Why did CORE crash?” Some were angry. Some were scared. Some already decided it was manipulation. But the truth I found after digging all night is really terrifying. What actually happened will really break you, but you deserve to know. 🧵👇

𝗔 𝟭𝟳 𝘆𝗲𝗮𝗿 𝗼𝗹𝗱 𝗵𝗮𝗰𝗸𝗲𝗱 𝗢𝗯𝗮𝗺𝗮, 𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸, 𝗔𝗽𝗽𝗹𝗲 𝗮𝗻𝗱 𝗞𝗮𝗻𝘆𝗲 𝗮𝗹𝗹 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗮𝗳𝘁𝗲𝗿𝗻𝗼𝗼𝗻 𝘂𝘀𝗶𝗻𝗴 𝗼𝗻𝗲 𝗽𝗵𝗼𝗻𝗲 𝗰𝗮𝗹𝗹. > In 2020 Graham Clark called Twitter's support line. > Pretended to be an IT colleague. > Talked employees into handing over their admin credentials. > No code. No malware. Just a phone call. > He went straight for the biggest accounts. > All taken within hours. > From every account he posted the same message. > "Send Bitcoin to this address and I'll double it." > 415 people fell for it. > He made $117,000. > The FBI, IRS and Secret Service all came after him. > He was 17 and doing it from his bedroom. The biggest hack in Twitter's history was one teenager who knew how to sound like the IT guy.

He just found out the gold plated chip on your SIM card is actually real gold 🪙

Neobanks offer digital banking services, such as payments and lending, using blockchain-based infrastructure @Coredao_Org extends this to bitcoin through dual staking, collateralized borrowing and stablecoin integration Our new dashboard visualizes this process end-to-end

Buying one Bitcoin from a vending machine for $7 in 2012 🤯

This dude reported the #Bitcoin ATH in 2013 at $111, hodled all the way to $60k “You buy and HODL #Bitcoin. Keep those diamond hands.”👀 What a legend!!!

FUN FACT: 15 years ago, you could get 5 free Bitcoin just for solving a CAPTCHA. Gavin Andresen's Bitcoin Faucet gave away 19,700 BTC, worth over $1.7B today!

From Cents to Legends: Don’t Miss $Core’s Bitcoin-Level Breakout 🚀🔥 💥 Remember the girl who mined 900,000 BTC back in the early days, barely worth cents? She ignored Bitcoin’s potential and isn’t a major influencer today. Now look at $Core @Coredao_Org at the same stage Bitcoin was then, with a limited supply and built on the Bitcoin Everything Chain. This is the setup for potentially the biggest single bull candlestick in crypto history. 🚀 Crypto enthusiasts, position yourself early before it’s too late! #CryptoGains #BTC2Core #LimitedSupply #CryptoOpportunity #CoreDAO #BullishMoves #NextBigThing

This guy bought 259,684 Bitcoin for $2,613 and the exchange reversed his trade the next day On June 19, 2011 a hacker broke into Mt. Gox and dumped a massive amount of stolen BTC Bitcoin crashed from $17 to $0.01 in 20 minutes While everyone panicked Kevin placed a buy order at a penny each His $2,613 bought 259,684 BTC and took out 643 BTC before the exchange locked withdrawals Mt. Gox rolled back every trade from the crash and wiped his account He posted on BitcoinTalk: "I'm Kevin, here's my side" Half the forum called him a hero The other half called him the hacker He was neither Just a smart guy who clicked buy during a crash and got everything taken from him Mt. Gox went bankrupt 3 years later anyway Those 259,684 BTC at today's price: over $18 billion

A man sold an airport that didn’t exist to a bank for $242 million Not a single brick was ever laid and all it took was a fake identity and a phone call In the 1990s, Emmanuel Nwude impersonated Nigeria’s Central Bank Governor and convinced a director at Brazil’s Banco Noroeste to wire $191M in cash to fund a new airport in Abuja He forged government documents, built fake companies, and had accomplices pose as senior officials They met the banker in London, sold him the dream, and promised him a 10% commission on the deal For 3 years, nobody noticed a thing The scam fell apart when Banco Santander (a Spanish bank) tried acquiring Banco Noroeste and found 40% of its entire capital was missing $242M was gone. They traced it all back to Nigeria. Not to any government office, but to Emmanuel Nwude The owners of Banco Noroeste desperately tried to cover the $242M hole out of their own pockets to save the deal However it wasn’t enough. The damage was already too big and by 2001 Banco Noroeste Bank was dead One con man in Lagos single handedly collapsed a major Brazilian bank Nwude got 25 years. Served 2. Then sued to get his seized assets back and legally recovered $52M What’s even crazier is that last week he’s back in court again Sentenced to 1 year for forging documents on property he was ordered to forfeit to his own victims 30 years later, still gaming the system

The original post from Bitboy and NewLibertyStandard Some guys in a forum just created a trillion dollar asset together without even knowing it or each other

Nobody knows who designed the Bitcoin logo and it represents a $1.4 trillion asset Satoshi's original logo was a gold coin with the letters "BC" on it In February 2010 a BitcoinTalk user named NewLibertyStandard proposed using the Thai baht symbol ฿ and the ticker "BTC" in a single forum post Before that, Bitcoin had no symbol and no official ticker Satoshi responded two weeks later with an updated logo: Same gold coin but now with a "B" and two vertical strokes inspired by the dollar sign It was better but the community still wasn't impressed One user replied asking if they could come up with something "more respectable" and added "I really am not trying to be mean." Then in November 2010 an anonymous user called "bitboy" showed up on BitcoinTalk, said he just wanted to drop by and share some graphics, and posted the orange and white logo the entire world now recognizes White ₿ tilted exactly 14 degrees clockwise on a flat orange circle Free to download on a public domain Then he left Nobody has ever confirmed who bitboy is The ticker "BTC" technically violates international currency code standards because "BT" is already the country code for Bhutan, which is why some exchanges use "XBT" instead. The ₿ symbol wasn't officially added to Unicode until late 2015 when Bitcoin was trading around $400 For over 6 years the most important digital currency in the world didn't have an officially recognized symbol Every piece of Bitcoin's identity was made by anonymous people on a forum and given away for free Just because a few people believed in something before anyone else

A single person once minted over 184 BILLION Bitcoins In 2010 someone exploited a bug in Bitcoin's code and generated 184,467,440,737 BTC in a single transaction on a blockchain that was only supposed to have 21 million total supply Satoshi and the developers caught it within 5 hours and pushed Bitcoin's first ever emergency fork to erase the transaction

In 2013, this man on YouTube begged everyone to buy just $1 worth of Bitcoin

1 dot = 10,000 transactions 🤯

@Gayu_BTC 9084019278 Opay. Jazakallahu Khairan

Drop acc👇