Critical takes on crypto, Web3 & the cult of consensus. Threads on mechanics, narratives, and the stuff we ignore. balouthebear.eth | thinking ≠ following
Joined April 2018
- Tweets 7,250
- Following 644
- Followers 533
- Likes 2,254
23 Photos and videos
Pinned Tweet
14 Aug 2025
List of threads that might be of interest to you.
Crypto valuations - Spoiler: They are basically all the same and none is special. $BTC is NO exception here:
x.com/cryptopia13/status/195…
9 Aug 2025
Everyone in $BTC, $ETH, $XRP, $DOGE, $SOL (and others) thinks they’re a genius.
Not just for making $ — but because they think they’ve figured out the game (and others haven’t — like a religion, this creates the urge to convert non-believers).
📊🧵👇
#Bitcoin #Ethereum #Crypto
2
7
3,901
Jun 3
1/
Bitcoin’s fundamental value is zero.
Not low. Zero.
Five threads to prove it - here’s the whole case in one, and the one test it’s failed for 16 years. 🧵 $BTC
5
2
7,312
Jun 3
26/
The full series, in order 👇
1 — The decentralized Ponzi:
x.com/cryptopia13/status/197…
2 — Why the smartest fell for it:
x.com/cryptopia13/status/206…
3 — Why it fails as a store of value:
x.com/cryptopia13/status/193…
14 Jun 2025
🧵 Why Bitcoin fails as a real Store of Value (SoV) – and why every true SoV in history had one thing BTC lacks.
A personal hypothesis 🧠
👇
1
2
248
Jun 3
27/
4 — The halving was never bullish:
x.com/cryptopia13/status/199…
5 — The hashrate “security paradox”:
x.com/cryptopia13/status/197…
$BTC
26 Sep 2025
1
185
Jun 3
21/
And don’t pivot to fiat.
“Fiat is broken” is a topic change, not an argument. Fiat’s flaws don’t hand a floorless asset a floor.
BTC was never an answer to fiat. Pretending it is, is the bad-faith move.
1
1
103