"This is it." Author @wayofbitcoin | Dev @zenoutapp
Joined November 2021
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Alan ₿ retweeted
Jun 12
Reading @wayofbitcoin by @alanbwt
Mar 10
The Way of Bitcoin: Becoming Self Sovereign is now available.
Paperback
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Free PDF
wayofbitcoin.com
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The market appears to be discounting all Bitcoin treasury companies to 1x mNAV or lower, which makes sense given Bitcoin owned by treasury companies is often encumbered by debt, dividends, and other obligations.
Whereas Bitcoin in the wild is free, unencumbered, able to move anywhere on Earth in ten minutes without anyone’s permission.
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Every Bitcoin bear market thus far has resulted from affinity scam bubbles popping.
2014 — Mt. Gox selloff
2018 — Altcoin selloff
2022 — Yield farming selloff
2026 — Suitcoin selloff
The lesson is the same each time: Do not rely on trusted third parties. Save real Bitcoin and self-custody it.
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“I consider it completely unimportant who in the party will vote, or how; but what is extraordinarily important is this: who will count the votes, and how.”
— Joseph Stalin (1923)
Jun 8
"A net swing of more than 43,000 votes since Tuesday.."
43,000, huh? Where have I seen that number before...?
Probably nothing. 🤷
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These are the days that separate the men from the mice. Deus vult.
Jun 4
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Jun 5
BREAKING.: Biggest privacy token $ZEC crashed over -50% in the last 24 hours and wiped out $5 Billion from its market cap.
The flaw was hidden inside Zcash's Orchard privacy pool since May 2022 and remained undetected for nearly 4 years despite multiple security audits.
Security researcher Taylor Hornby reportedly used Claude Opus 4.8 AI model to build a working proof-of-concept that successfully generated counterfeit ZEC in local testing on May 29.
Although the bug has now been patched on June 2, The issue is that Zcash's privacy design makes it impossible to know if any fake ZEC was minted before the fix. Unlike Bitcoin, where anyone can verify the supply, Zcash's privacy design makes it impossible to audit whether fake coins were secretly minted before the fix.
The team denies any fake ZEC was minted, but traders are selling on the fear alone. Imagine someone secretly adding extra chips to a casino, but because of the way the system works, neither the casino nor the players could tell which chips were real and which were fake.
Shielded Labs is exploring a proposed Network Upgrade to allow anyone to verify the integrity of Zcash supply.
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