Investor, bitcoin enthusiast, hopeful for humanity's future, and looking for robotic enhancements in all the wrong places... Financial commentary, not advice.
Joined November 2025
- Tweets 850
- Following 37
- Followers 69
- Likes 745
70 Photos and videos
ScarcityMan retweeted
Jun 13
Elon just created 4,400 millionaires in a single day.
The US created 10s of millions of Welfare Recipients with the “war on poverty” staring in the 60s.
Elon’s company creates 400 “workers” now worth over $100 million.
Just remember… the Gov cannot give what they have not taken. They destroy wealth by taking from the productive and giving to the non productive
22
70
412
12,540
Jun 13
Here it is, the doesn't-even-solve-spam-argument for the umpteenth time. The way a straw-man argument works is you replace the actual argument for one that is worse and you attack the worse one. NO ONE is saying BIP-110 will "solve" spam. The notes in the repo itself acknowledge this. But it closes some of the most egregious avenues. That's a good start.
> "Bitcoin itself will stop spam."
Any evidence for this? Sounds like magic. If it were going to do that, wouldn't it have magically done it already? You referring to "pricing it out?" How would that stop dedicated attackers with money to burn?
These arguments strengthen my conviction in BIP-110 every time I hear them. The opponents have no ideas, no logic, no solutions. Pure obstructionism and sophistry.
BIP-110 doesn’t even solve spam. It also is against core Bitcoin principles.
Bitcoin itself will stop spam. No need to have a proposal.
18
Jun 12
Guess who benefits from a slowdown in the US AI buildout?
Is this why China is weaponizing US democracy against data centers? openai.com/index/prc-linked-…
12
Jun 12
Anyone out there still not bullish on AI?
31
Jun 12
I used to write software for a living. Create a bug, and soon enough, users and even your own code will come to rely upon it for something. That does not make those use cases legitimate or the mistake not a bug.
And also freezes taproot wallets which have deeper than 7 taptree which is very legitimate use case and makes scripts very efficient for sophisticated contracts. So in this case BIP110 actually spams chain
7
Jun 12
DEFINITELY don't smell your shitcoins...
Jun 12
Never smell your Bitcoin!
6
SpaceX is turning Science Fiction in Science Nonfiction.
Elon is a now trillionare.
Neil deGrasse Tyson was wrong.
SpaceX was 1st to successfully land and reuse an orbital-class rocket booster in 2017.
NASA never accomplished this.
Just the beginning!
562
670
5,803
134,891
Jun 11
BIP-110 doesn't censor any more than you were censored before unlimited OP_RETURN and OP_IF in taproot ever existed. Nothing about using bitcoin as money will change. Rules != censorship.
And hard drives pricey is a HUGE concern. This is why the blocksize wars were fought in the first place. Blocks are supposed to be as easy to verify as possible, which enfranchises more people into the network, increasing anti-fragility and resistance to monetary censorship... It's kinda the whole point of this thing. There are plenty of people on the margins as far as being able to run hardware to support the network at their expense. Don't forget that poor people and other countries are things that exist. And yet, they deserve or perhaps even need bitcoin the most.
So we’re just going to censor because hard drives are pricey
3
8
32
905
Jun 10
This is part of the problem. We now have an election system that seems to always flip close results in contentious elections in the dead of night via mail-in ballots with no possibility to verify them and no formal ID system. Something ALWAYS happening does not disprove fraud in situations where fraud always HAPPENS.
In my opinion, the people owe no benefit of the doubt here or in any election, and it is on the election rules and system to be set up in such a way that it removes reasonable doubt. But we don't have anything like that system, and it is in such systems where fraud can hide in plain sight and proponents will claim, "everything looks normal, what's the problem?"
Well, Bret is telling you the problem. Legitimate or not, we've lost the ability to distinguish between the two, and that's one failure mode for democracy. The solution is not to keep claiming everything is fine. The solution is to update the election system to avoid what you would consider mischaracterization.
1) NO mail-in ballots except for provably extreme cases. If you can get your a$$ to a booth, you go. I don't want to hear any sob stories. Fund orgs to help people get out to booths, if that's the issue. Plenty already do things like this, there's no excuse
2) REQUIRE ID for everyone, NO exceptions. No sob stories about how difficult it is to get an ID for [insert-disadvantaged-democratic-voting-group-here]. If the problem is getting an ID, donate or fix that problem at the source, don't compromise people's belief in the system on the back of this excuse.
My prediction is that whoever is benefiting from the current lack of these rules will continue to fight such reforms with all their might. It will be very telling. I wonder what you will say.
31
ScarcityMan retweeted
"Hey, I can't make phone calls using the Bitcoin network."
"That's because it's a monetary network. Use VOIP or another protocol that's designed for that."
"Stop censoring me!"
15
80
432
11,646
Jun 7
It's not doing any of that because bitcoin's purpose is and has always been monetary, and BIP-110 helps to ensure this remains the case with neutrality and censorship resistance. If this fails to remain the case, it is bitcoin as money will be censored out of existence by competing use cases that hog resources, time, attention, block space, etc.
Bitcoin is NOT arbitrary data storage with costs socialized to an unwilling network of node runners who want freedom money and not poop jpegs or CSAM. Change what bitcoin is and then claiming that people standing in the way are censoring you is a BAD FAITH argument and obviously incorrect if you can think past first order logic and consequences.
Bitcoin as money and bitcoin as arbitrary data storage CANNOT live side-by-side, according to every other form of money that has ever existed. One must destroy the other to survive and arbitrary data storage takes up node resources and displaces the monetary use case like a parasitic organism. This will eventually destroy bitcoin entirely, as node runners and plebs lose faith, but before that happens, a lot of bad faith actors in the space will get rich off of shitcoin projects built on the back of the remaining integrity they are leeching.
No one is talking about stopping spam entirely, this has always been and always will remain a straw man, BAD FAITH argument. It is obvious that stopping ANYTHING entirely is impossible. The argument is that locking the doors and windows make break-ins more difficult, NOT impossible. I'm losing any remaining shred of faith or patience I have for people making arguments to the contrary as even a 5-year-old can see the logic of this.
So because someone doesn't want a loud minority of users to destroy bitcoin's neutrality and censorship resistance while breaking miniscript and not even stopping spam anyway they automatically like spam?
Do you even hear yourself?
3
2
4
587
Jun 7
Nothing about what you stated requires a university setting. There are plenty of other places to, IRL, learn to socialize, speak publicly, and gain responsibility that don't also include wall-to-wall fornication and drug use.
I actually think AI and college as it exists today are fundamentally incompatible. Nothing in the current mainstream education system is set up for a world where answers to knowledge questions can be looked up on-demand, 5-paragraph essays can be written better than most humans can write in milliseconds, and individualization can occur in a scalable fashion.
Defending college for the VAST majority of students today makes no logical sense. It didn't even make sense 10 years ago. We learn Victorian-era Romantic Poetry but not how to invest or balance a checkbook? You come on.
Jun 5
Come on. No question pricing is ridiculous and extortionary. But, an LLM can't teach you the people and life skills that you gain in college. It can help with what you can learn, but it can't teach you how to learn. It can't teach you to stand up in front of a class and make a presentation, to show some semblance of responsibility and it can't hold you accountable for anything.
AI should definitely be part of every college experience. It can ampllify it in new and unique ways.
But, it won't ever hold your legs in a keg stand
58
Jun 7
It's even worse than this. The internet has already made most degrees obsolete, decades ago. The day we re-evaluate their value proposition en masse will be a good day indeed.
Hot take: Universities charge $300,000 for a degree that teaches you skills any LLM can do for free. At some point we need to have an honest conversation about whether higher education is the greatest individuals misallocation of capital in recent history.
14
ScarcityMan retweeted
Jun 4
Pests don’t like pest control
13
80
410
6,612
Jun 4
1000%. There's a club of private investors, and most people ain't in it. Modern IPOs are legalized pump and dumps.
Jun 4
the issue with modern day IPOs is that they make the rich richer, while creating no value for the regular person.
only the world's richest had the chance to invest in SpaceX and Anthropic early.
the general public will now buy at IPO, after the rich have gotten their 1,000x gains and the majority of the upside.
they will then dump their bags on retail (hence why barely any recent IPO is trading above its IPO price).
we need a return to the day when companies IPO'd much, much earlier and let the everyday person participate in the upside!
15
Jun 2
What does information theory say about reducing the size of the paper?
Jun 2
Information theory says you are provably wrong. If an open field exists, data will be stored in that field up to the size of the field. Understand there is no way to hand a person a sheet of blank paper and then control what they draw on it. Period.
1
18
Jun 1
Arguments against the just-price-out-spam on the bitcoin blockchain talking point:
Feb 25
There are some flaws in the logic.
Point the first, you assume economic incentives on behalf of the people spamming and supporting spam, when in reality it may simply be from people trying to attack and destroy bitcoin. There are plenty of nihilists out there who will take advantage of such opportunities with lax rules. Some people just want to watch the world burn, and as a person hoping to pass bitcoin down to my descendants for 1,000 years, this is unacceptable without a fight.
Point the second, any bits of spam that enter the blockchain make it that much more difficult for bitcoin to operate as intended and for people to run nodes and keep the network decentralized. Irreparable damage has already occurred. Before this has time to be priced out, if we ignore the first point, the amount of damage may reach a tipping point. Think about a ship taking on water. At some point, no matter how much you scoop out with buckets, it reaches a critical point and the ship sinks. You may feel comfortable leaving this up to chance, but I don't. Bitcoin is too important.
Point the third, some of what people store on chain may be illegal or morally reprehensible and I'm unwilling to stand by and allow that to happen. Now you might think that moralizing has no place on a neutral monetary network, and you'd be right---if I were talking about uses of money. But I'm talking about data storage, which is not what bitcoin is, and not what I signed up for.
Point the fourth, bitcoin is money. It's clear from even the title of the whitepaper. Any other use cases that compete with this will weaken it as money. Do you think fiat proponents have serious arguments about whether or not their cash is just as useful as toilet paper or for the scribblings of dick pics? Do you think they hope that these use cases are simply handled by the market? No, because they've reached a consensus about what cash is for and anyone using it to wipe their ass is rightfully seen as an idiot with no place among them in polite society. If fiat people knew that this debate even existed in the bitcoin community, they would laugh their heads off at us, and they would be right to. It is embarrassing.
Bitcoin is money. Bitcoin's use as money must be enforced. Bitcoin is too important to allow bad actors and attackers to have their way while we pray that market forces which may or may not exist as incentives for the attackers will magically solve the problem before the ship sinks.
Running BIP-110 on my node to save bitcoin. You can thank me later when your bitcoin is 1,000,000 a piece instead of 0.
1
15
Jun 1
Do you promise?
Jun 1
JUST IN: 🇺🇸 Former Fed Chair Jerome Powell says the Federal Reserve will not survive if officials are removed over policy disagreements.
7
Jun 1
What credibility?
5
May 31
Despite decades of evidence that universities have become a bad place for most people to learn to be successful and make a return on the capital and time they invested in it, I'm supposed to take [insert-latest-thing-here-university-students-are-upset-about] seriously? They know even less now about the world than when they entered.
21