Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/9 - The backdrop was not Bitcoin at all. In June 2019, Facebook had unveiled Libra, a proposed global digital currency backed by a consortium of 28 companies. Washington panicked. A company with billions of users launching its own money was a threat regulators took seriously.
R to @daily_btc_lore: 2/9 - The backdrop was not Bitcoin at all. In June 2019, Facebook had unveiled Libra, a proposed global digital currency backed by a consortium of 28 companies. Washington panicked. A company with billions of users launching its own money was a threat regulators took seriously.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/9 - Fed Chair Jerome Powell was already scheduled for his semiannual testimony to Congress that week, two days of routine questions on interest rates and the economy. Libra hijacked the agenda. Lawmakers wanted to know what the Fed planned to do about Facebook's money.
R to @daily_btc_lore: 3/9 - Fed Chair Jerome Powell was already scheduled for his semiannual testimony to Congress that week, two days of routine questions on interest rates and the economy. Libra hijacked the agenda. Lawmakers wanted to know what the Fed planned to do about Facebook's money.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/9 - On July 10, before the House Financial Services Committee, Powell was blunt about Libra. He warned it "could rise to systemic importance just because of the mere size of Facebook." Bitcoin fell roughly 7% over the three hours he spoke, dragged down by association.
R to @daily_btc_lore: 4/9 - On July 10, before the House Financial Services Committee, Powell was blunt about Libra. He warned it "could rise to systemic importance just because of the mere size of Facebook." Bitcoin fell roughly 7% over the three hours he spoke, dragged down by association.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/9 - That detail matters. In 2019, markets still treated Bitcoin and every other digital asset as one undifferentiated bucket. Powell criticizing Facebook's corporate coin was enough to sink Bitcoin, a completely unrelated, decentralized network with no company behind it.
R to @daily_btc_lore: 5/9 - That detail matters. In 2019, markets still treated Bitcoin and every other digital asset as one undifferentiated bucket. Powell criticizing Facebook's corporate coin was enough to sink Bitcoin, a completely unrelated, decentralized network with no company behind it.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/9 - The next day, July 11, Powell moved to the Senate Banking Committee. There, Senator Mike Crapo asked him directly what he thought of Bitcoin as a threat to the dollar. Powell's answer became the most quoted thing he ever said about it.
R to @daily_btc_lore: 6/9 - The next day, July 11, Powell moved to the Senate Banking Committee. There, Senator Mike Crapo asked him directly what he thought of Bitcoin as a threat to the dollar. Powell's answer became the most quoted thing he ever said about it.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 7/9 - "Almost no one uses Bitcoin for payments," Powell said. "They use it more as an alternative to gold. It's a store of value, a speculative store of value, like gold." The Fed Chair had just compared Bitcoin to gold on the record, in the Senate.
R to @daily_btc_lore: 7/9 - "Almost no one uses Bitcoin for payments," Powell said. "They use it more as an alternative to gold. It's a store of value, a speculative store of value, like gold." The Fed Chair had just compared Bitcoin to gold on the record, in the Senate.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 8/9 - It was a genuinely two-sided statement. "Speculative" was a warning. But "an alternative to gold" was close to an endorsement of the exact thesis Bitcoiners had argued for years: digital gold, a store of value outside the banking system. Powell had conceded the framing.
R to @daily_btc_lore: 8/9 - It was a genuinely two-sided statement. "Speculative" was a warning. But "an alternative to gold" was close to an endorsement of the exact thesis Bitcoiners had argued for years: digital gold, a store of value outside the banking system. Powell had conceded the framing.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 9/9 - The irony of those two days: Washington summoned regulators to confront a corporate coin, Libra, that never launched and died within two years. In doing so, the Fed Chair gave Bitcoin, the thing nobody called the hearing about, its most credible official description yet.
R to @daily_btc_lore: 9/9 - The irony of those two days: Washington summoned regulators to confront a corporate coin, Libra, that never launched and died within two years. In doing so, the Fed Chair gave Bitcoin, the thing nobody called the hearing about, its most credible official description yet.
Take Back Our Tech:
The Above Substack Is Back
The Above Substack Is Back
Substack
The Above Substack Is Back
Did you know that Above—the company behind privacy‑first products such as the Above Phone and Above Book—is a sister organization of Take Back Our Tech? Above’s CEO, Hakeem Anwar, founded #TakeBackOurTech and hosts the #TBOT show.
Darkfost / @Darkfost_Coc:
Fear and Greed Index in extreme Fear 😱
It’s quite funny to see so many posts about the fear and greed index sitting in fear, when this has now been going on for close to 8 months.
👉 During a bear period this indicator brings no added value since the underlying trend is bearish.
Where it remains effective is during bullish phases, as can be seen on this chart.
Fear and Greed Index in extreme Fear 😱
It’s quite funny to see so many posts about the fear and greed index sitting in fear, when this has now been going on for close to 8 months.
👉 During a bear period this indicator brings no added value since the underlying trend is bearish.
Where it remains effective is during bullish phases, as can be seen on this chart.
Release notes from BlitzWallet:
Android-v0.7.13-pre6
Android-v0.7.13-pre6
GitHub
Release Android-v0.7.13-pre6 · BlitzWallet/BlitzWallet
Improvements
Add seed hash check to make sure the account is being loaded with the correct seed to prevent an edge-case race condition
Bug Fixes
Fixed lights-out mode background color for mobile...
Add seed hash check to make sure the account is being loaded with the correct seed to prevent an edge-case race condition
Bug Fixes
Fixed lights-out mode background color for mobile...
Ron Sovereignty Swanson⚡️🗝️ / @RonSwanonson:
Money solved the burdens of bartering in the same way that Bitcoin is going to solve the burden for global currency conversions The ultimate money is creating a global standard We will all use the same medium and everything will be priced with the same measuring stick This creates an immense amount of global financial efficiency that we never had before Money is essentially a language, so when you make a language more effective, society’s communication becomes more effective along with it
Money solved the burdens of bartering in the same way that Bitcoin is going to solve the burden for global currency conversions The ultimate money is creating a global standard We will all use the same medium and everything will be priced with the same measuring stick This creates an immense amount of global financial efficiency that we never had before Money is essentially a language, so when you make a language more effective, society’s communication becomes more effective along with it
Nitter
Ron Sovereignty Swanson⚡️🗝️ (@RonSwanonson)
Money solved the burdens of bartering in the same way that Bitcoin is going to solve the burden for global currency conversions
The ultimate money is creating a global standard
We will all use the same medium and everything will be priced with the same…
The ultimate money is creating a global standard
We will all use the same medium and everything will be priced with the same…
Ron Sovereignty Swanson⚡️🗝️ / @RonSwanonson:
Stay in school kids! $52B in Bitcoin only needs to appreciate by ~2.4% to for the $1.25B needed for the current annual $STRC div
Stay in school kids! $52B in Bitcoin only needs to appreciate by ~2.4% to for the $1.25B needed for the current annual $STRC div
Nitter
Ron Sovereignty Swanson⚡️🗝️ (@RonSwanonson)
Stay in school kids!
$52B in Bitcoin only needs to appreciate by ~2.4% to for the $1.25B needed for the current annual $STRC div
$52B in Bitcoin only needs to appreciate by ~2.4% to for the $1.25B needed for the current annual $STRC div