TOP CRYPTO TWEETS: Bitmain Vindicated; Tether is a Central Bank; Less Institutional, More Users

Bitmain

TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. Bitmain vindicated in The Great Bitcoin Scaling Debate. Stablecoin tether (USDT) is now viewed as crypto’s central bank, and as institutions beg-off and drop crypto … maybe this is the time to encourage actual usage.  

#9 Bitmain Vindicated in Scaling Debate

The Great Bitcoin Scaling Debate reared its head again recently, ever so slightly and almost in passing — if you blinked, you missed it. Among the many casualties of that debate was the reputation of mining giant Bitmain. The company was vilified by BTC maximalists for supporting bigger blocks to help in bettering transaction times and to lower associated fees for users. There’s precious more to it, but that’s the gist.

When a technical solution was proposed, Segregated Witness (SegWit), some believed it was simply an end-run to effectively keep block sizes artificially small in order to push users onto a second-layer solution, off-chain and away from Bitcoin. Bitmain was thought to have blocked SegWit for at least that reason, and was subsequently made the goat of grand conspiracy theories, lasting years in fact, from mid-2017 (when the debate was most lively) and beyond.

Quietly, cryptocurrency exchange BitMEX recently published statistics on ASICBoost in follow up to a 2018 metric. New data shows ASICBoost now “approaches the 70% level on Bitcoin,” double that of the earlier percentage. “For context,” Nishant Sharma, formerly of Bitmain, insisted, “check @BITMAINtech’s blog post from that time, where it laid out all facts about #ASICboost and informed how the ASICboost accusations it faced were baseless and part of a series of PR campaigns during the scaling debate,” and referred his followers to a comprehensive timeline regarding major scaling issues of that period.

#8 Tether Bailout

#7 Less Institutional Investors, More Users

#6 Clearly Smoking Crack

#5 Bet You Never Thought of This

#4 Recession Solved

#3 Please See #6

#2 Better to Burn it Than Barrel it

#1 Umm, Who is Going to Tell Him?

Bitmain

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