Half bar owner, half bitcoiner, half mathematician. I’m very good at one of these

Raleigh, NC
Take a moment and reconnect to the soul of Bitcoin 🎵 When the Cypriots were losing faith That’s when I learned about the blockchain I still remember how it all changed When Satoshi said… Don’t you worry Don’t you worry, child Bitcoin has got a plan for you 🎵
7
10
56
5,366
Pay attention to politics and candidates will be attention seekers. Ignore all of them and candidates will improve. Good people prefer to work without attention
1
1
11
542
Simple Steve 🌌 retweeted
17
61
399
7,652
Imagine saying “you might not be interested in scams, but scams are interested in you” wtf would that even mean Yet replace scams with “politics” and all the sudden it’s a chest-beating moral high ground
5
1
14
828
Simple Steve 🌌 retweeted
Reject proprietary mining at every level so Bitcoin remains permissionless decentralized freedom money.
The Bitcoin white paper assumed commodity hardware: "Proof-of-work is essentially one-CPU-one-vote." ASICs were a natural free-market evolution. What no one anticipated was 2 vendors controlling nearly all access to the new "CPUs." As long as mining hardware and software stay permissioned, so does Bitcoin.
3
34
2,054
The coldcard hack is still the most important attack to question because if it was an inside job, that insider is almost certainly the state, who our mission is against. I’m definitely suspicious of Binance and Blockstream, but imo those would be dipshit VC attacks, which to me are not as worth my time as a state attack
6
7
67
3,224
Simple Steve 🌌 retweeted
Some people are calling the $6 billion Binance hack the biggest heist in history. For context, the Federal Reserve printed almost $4 trillion in 2020...
45
224
1,761
48,036
Simple Steve 🌌 retweeted
The year is 1873. Your wife tires easily and reads too much. The doctor prescribes the rest cure: six weeks flat in bed, no books, no visitors, fed on milk, forbidden to sit up without his permission. The man who devised it is the most famous nerve specialist in America, and the women come out of it quieter, which is taken as the cure. The year is 1915. The hospital has a new way of delivering your child. Morphine, then scopolamine, and the mother wakes two days later with a baby she cannot remember having. They call it twilight sleep. The women are strapped into padded cots so they do not hurt themselves while they scream, and the straps are the modern part. The babies arrive blue and slow to breathe. The year is 1945. The truck comes down your street fogging DDT, and the children run behind it in the white cloud because the man on the back says it is harmless. At the beach it is sprayed over the bathers on their towels. It goes on the cattle, over the barn, and across the kitchen table. The year is 1948. Your son has trouble with his ears. The doctor slides a rod tipped with radium up each nostril and holds it there for the best part of ten minutes, and you bring him back three more times. Hundreds of thousands of American children get the same treatment. The cancers arrive in their fifties. The year is 1962. The health visitor tells you breastfeeding is old-fashioned and the formula is scientific. By 1972 fewer than one American baby in four is breastfed at all. The formula is skimmed milk and sugar, with the milk fat taken out and vegetable oil put in. The year is 1971. The family planning clinic fits a small plastic crab called the Dalkon Shield. Its tail is a bundle of fibres that wicks bacteria up into the womb. 2.8 million are fitted in America before it is withdrawn, and the company goes bankrupt under the claims. It had been sold as safe and superior. The year is 1983. The doctor says your arteries are the butter's fault. The dripping tin goes in the bin, the yolks go to the dog, the margarine goes in the fridge, and you have the heart attack anyway, on skimmed milk, having done everything right. The year is 2001. Your 15-year-old is low, and the doctor prescribes Paxil, because the trial in the journal says it is effective and well tolerated in adolescents. The raw data, reanalysed 14 years later, shows more suicidal thinking on the drug than on the sugar pill. The company pays $3 billion to settle. Nobody rings the house. The year is 2009. The government has spent around £500 million stockpiling Tamiflu for the pandemic, on the strength of the manufacturer's trials. When the trials are finally prised loose five years later, the drug shortens flu by about half a day and nothing shows it keeps anyone out of hospital. The stockpile goes out of date in a warehouse. The year is 2026. The doctor has ten minutes and a screen. The number is high, so the tablet is for life. The weight is high, so the injection is for life. The meat is bad for the planet and the oil is good for the heart, and the person in the chair is as certain as everyone who ever sat in it. Every one of those was settled, by a committee, in a journal, with a doubter somewhere being laughed at. The rest cure, the straps, the fog, the rod, the formula, the crab, the margarine, the trial, the stockpile. All of it certain, all of it printed, all of it done to somebody who had asked for help. You were never the one who was wrong. You were the one it was done to, and the only person in the story who did as they were told every single time. The apology comes a generation late, in a footnote, addressed to nobody. The next one is being drafted now.
999
7,176
33,054
2,993,145
Simple Steve 🌌 retweeted
CZ goes to prison Puppets take over Binance CZ gets out of prison Binance gets hacked Elon, CZ, and Nikita retweet to for max exposure and panic. Just how the Clown Lords drew it up.
7
6
41
954
Are there Binance customers whose account now shows zero. Or do they just keep the HTML numbers when nothing’s actually there
6
3
24
1,961
Simple Steve 🌌 retweeted
If you think Binance can get hacked but the ETFs can't, you are a special kind of special.
41
12
285
19,235
I’m still here
where'd all the grassroots passionate revolutionary bitcoiners go??? they just vanished!!!🤣🤣🤣🤣
6
6
40
997
Self custody, even in a bad year, is still king
1
1
22
764
Not yo keys, nacho cheese
1
1
14
499
Simple Steve 🌌 retweeted
The Binance hacker might have just pulled off one of the smartest moves I’ve seen in crypto. First, Tether froze $1.5 billion in USDT. Then Circle froze another $800 million in USDC. At that point, it looked like the hacker’s money was trapped. But apparently, he had already planned for that. Instead of holding the stolen USDT in a wallet, he allegedly deposited it into Aave and used it as collateral to borrow ETH. Then he walked away. That’s where the story gets crazy. Tether can freeze the USDT sitting in the wallet. But it can’t freeze the ETH he already borrowed. So now Aave is left holding frozen collateral, while the hacker is sitting on liquid ETH. And unless the protocol can recover it somehow, he may not even need to pay the loan back. Two companies froze billions of dollars in seconds. But someone who understood how to use DeFi may have found a way around both of them. Pretty insane when you think about it.
Community note
The described Aave deposit used only ~60M USDT as collateral to borrow 19,762 WETH before freezes hit the main wallet, not the bulk of funds; Aave states the overcollateralized position is subject to normal liquidation with no material protocol risk. governance.aave.com/t/binance-hot-… x.com/binance/status… drk.vc/news/binance-1…
642
2,030
18,668
1,641,522
Simple Steve 🌌 retweeted
Replying to @KobeissiLetter
You didn't replace central banks, you just gave a private company the power to turn off a billion dollars
5
3
165
15,143
Simple Steve 🌌 retweeted
I've had a support ticket with @Strike since August asking for XBT support so I can withdraw my hard fork coins @jackmallers . I've been happy with the service, especially lightning compatibility, which allowed me to pay for my smash burger at @PubKey. It was my first time paying for anything with Bitcoin, and I'll always remember it as my personal pizza day moment. I could save myself transaction fees by scheduling my DCAs, but my broke recent college grad son and I talk every Friday and we snag the 25 bucks of BTC together instead. We even count down 3 2 1 BUY so we get the same sats at the same cost basis. I'm a Series C stockholder with @Swan so I'm probably an idiot for not switching my exchange already, but maybe this is a golden opportunity for @CorySwan to separate Swan from the rest of the exchange community and for you, Jack, to show loyalty to your customers like me that have shown you loyalty even against their own self interest. I don't keep much of a balance on any exchange so if Strike decides not to allow users to withdraw their hardfork coins it won't kill me. I can buy cheap XBT to replace it. But I will never forgive. My son cannot just replace his stack so easily, and yes I blame myself for not helping him move to cold storage ahead of the hard fork, but that was in the middle of the cold card hack and leaving his coins on the exchange waiting for the dust to settle seemed like the least worst option. Luckily, we did not use the two new shiny cold cards I bought for us or we'd both likely have no coins at all. Bitcoin is providing opportunities to play the hero or the villain. We will remember your choice.
Responding to Jack Mallers On BTC Mining Centralization
15
16
105
6,429
It’s melancholy to realize that distrust is a necessary property of a sound money society. No one can stop two individuals from making a private custody agreement. If the customer doesn’t demand verification, nothing will stop rehypothication. Especially not a government.
4
11
744
We took a self custody blow. Devs ignored users. Mining pools are too centralized. Trust in custodians is too high. We’ve seen a defection of the most hard core bitcoiners Still nothing stops what Satoshi gave us. It’s built for this. Chain splits included Don’t stop fighting
7
6
91
2,589