Building banking infrastructure for the Bitcoin Age at @galoymoney. Organizer @ribitcoiners. Woodwork, music, permaculture 🐇🕳️

Joined July 2009
3,082 Photos and videos
Pinned Tweet
7 Mar 2025
Can't wait to tell my grandkids I testified to protect their private keys on SBR day
7 Mar 2025
You can just tell your state reps about @Bitcoin_Laws
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Andrew Begin retweeted
It’s a long game but step by step, block by block, together we will make bitcoin everyday money. The future is forged by those who will it into existence.
Just got to experience this UX for the first time and it was awesome. I was about to ask the cashier if I could pay in bitcoin but then I noticed the little toggle in the top left corner and switched it to a bitcoin invoice myself. Stealthy bitcoin payments hit different.
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Andrew Begin retweeted
plenty of core banking systems in production today predate windows xp. some predate the pc. sound on 🔊
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Don't sleep on Rhode Island
BREAKING: The @RISenate just unanimously passed S.2198 Sub A. Rhode Island will now form a Senate-led Special Legislative Commission to Study Blockchain and Cryptocurrency. 10 members, with an interim report in Jan 2027 and a final report in Jan 2028. Thank you, @SenLouDiPalma and the Senate, for moving RI forward. @Bitcoin_Laws @BitcoinMagazine @CoinDesk @BitcoinNewsCom @RIBitcoiners @RIBlockchain
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Andrew Begin retweeted
BREAKING: The @RISenate just unanimously passed S.2198 Sub A. Rhode Island will now form a Senate-led Special Legislative Commission to Study Blockchain and Cryptocurrency. 10 members, with an interim report in Jan 2027 and a final report in Jan 2028. Thank you, @SenLouDiPalma and the Senate, for moving RI forward. @Bitcoin_Laws @BitcoinMagazine @CoinDesk @BitcoinNewsCom @RIBitcoiners @RIBlockchain
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Andrew Begin retweeted
When the btc price drops, bitcoin friendly businesses earn more sats per dollar🔥 Tickets in Newport, RI ⚓️
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The way AI writing smells Electric cars sound Factory farmed food tastes Cheap building materials look Everything plastic feels

ALT Exhausted Tiresome GIF

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Andrew Begin retweeted
1/5 My last post was about what the SEC gag rule cost individuals. This one is about a broader structural question those costs point to: When a sustained campaign against a financial institution destroys shareholder value without proving a single underlying crime, who is the system actually protecting, and who is it holding accountable? 🧵
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Andrew Begin retweeted
6/ And during the show I also discussed @MaxfieldOnBanks' terrific work to understand how Silvergate Bank--a fractional-reserve bank--survived a 70% bank run and was still able to pay out all of its depositors in full. Big lessons for traditional bankers👇 x.com/MaxfieldOnBanks/status…

Why did Silvergate Bank fail? I took a look into the failure of Silvergate Bank after coming across a line of argument, primarily in the cryptocurrency community, that Silvergate was forced into voluntary liquidation on March 8, 2023. That Silvergate was forced into liquidation isn’t interesting. It obviously was. It had survived a run on 70 percent of its deposits, which started with the FTX bankruptcy in November 2022. Yet two months later, on analyst calls, there was no talk of liquidation. And they were still sitting on a core piece of the crypto market’s infrastructure — the SEN network. The only reason they would have liquidated, in other words, is if they were strong armed into doing so. And that’s what happened. I just didn’t know how. Now I do, as I’ll share tomorrow (it’s late).
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Andrew Begin retweeted
7/ Here's an interview that @MaxfieldOnBanks & I did with @7Innovator on the important lessons for bankers to learn from how Silvergate survived its 70% bank run: x.com/7Innovator/status/1864…

"How Silvergate Survived" @MaxfieldOnBanks describes how Silvergate is the only bank he's ever seen who managed to survive a 70% run on its deposits following the #FTX bankruptcy. Unfortunately, it then suffered the wrath of a 'bait-and-switch' by a change in crypto banking regulations. Watch the full @7investing interview here: youtube.com/watch?v=WEUYl7f8…
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"I would have written a shorter letter, but did not have the tokens."
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ALT Out Of Line Anthony Mackie GIF

The DNC autopsy in five words: “Should’ve run a fucking primary.”
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Wait, is marcus still active? Is it back? Is it a zombie? Last tweet from the account (aside from customer service replies) is from 2023, but I just got served an ad for it 🧐 @mikulaja spare any tea?
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Andrew Begin retweeted
BTW let’s all welcome Kate to Twitter & give her a follow: @jaredkate
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It's hard to fathom what the Silvergate team went through. Not only the events leading to the wind down, but the inability to speak out for so long afterwards. Thankfully, there is a crack. A crack in everything. And that's how the light gets in 🌅 🙏 @jaredkate youtube.com/watch?v=pX1dRTvf…
1/5 **The Freedom to Speak: Reflecting on Risk Management, Regulatory Overreach, and Yesterday's SEC Decision** Yesterday, the SEC made a historic announcement: it officially rescinded its 50-year-old “gag rule” (Rule 202.5(e)), ending the policy that prohibited settling defendants from publicly denying or criticizing the agency's allegations. As Chairman Paul Atkins noted, “Speech critical of the government is an important part of the American tradition.”
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⚓️🇺🇸
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Andrew Begin retweeted
The genesis of Satoshi Skates - my new skate brand 🛹 Two iconic boards to start this journey. Deck 1: The Genesis Deck 2: The Whitepaper Skateboards made for Bitcoiners! Join the waitlist now - link to the website in the comments. Please ❤️&🔂 and follow @satoshiskates 🤘
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Andrew Begin retweeted
🧐Why did the Clarity Act get voted out of the Banking committee? Follow. The. Money. Where is it going? #NetworkEffects #Incentives #BitcoinBanking #Educate #Adopt #RhodeIsland #USA
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Damn you all are really going to make me listen to the eric church thing aren't you
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