TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. BTC not for payments is the mantra continually hummed by maximalists. Lines between cryptocurrency and religion are blurring. Coinbase CEO demonstrates crypto usability. SLP tokens are fast, and the US dollar is already a digital currency.
Tweets of the Week: #7 BTC Not for Payments
Maximalists continually drone-on about how BTC isn’t for payments, and that’s clear enough to most users. Merchants have all but dropped BTC. Adoption has tanked. The protocol was stymied for that exact reason, making payments slow and expensive on purpose. The verdict is in. We get it. Number Go Up is the cause they’re fighting for. Understood. At this point, they seem to be shoring up themselves, a bit of confidence-boosting.
BITCOIN ISN'T FOR PAYMENTS
IT'S VOLATILITY IS A FEATURE NOT A BUG
YOU HODL & STACK SATS
that is all
— Tom 🌀 (@ThomasSchuIz) October 5, 2019
#6 All Religion and No Science
Blockchains need science.
Cryptocurrencies are all religion and no science. pic.twitter.com/eTHIsAMoEv
— Emin Gün Sirer (@el33th4xor) October 2, 2019
#5 Pascal’s BTC Hodl Wager
Bitcoin Maximalism is a religion for which you really can make Pascal's wager: buy some BTC & hodl it. If "hyperbitcoinization" (i.e. the Bitcoiner rapture) really happens, you'll be rich (i.e. the Bitcoiner heaven). Angry tweeting & ritual meat eating aren't actually required!
— Ben DiFrancesco (@BenDiFrancesco) October 2, 2019
#4 Improving Crypto Usability
Trying out some crypto commerce at the @coinbase Portland office this morning 👌😁
— Brian Armstrong (@brian_armstrong) October 3, 2019
#3 US Dollar Already a Digital Currency
The US dollar is already a digital currency. It runs on a blockchain with one master node called The Federal Reserve. It has no supply cap, can be reversed or created or destroyed by sub-nodes that operate under the rules of the master node. Sometimes paper proxies are printed. https://t.co/GpR8EzIcMr
— Erik Voorhees (@ErikVoorhees) October 3, 2019
#2 BCH SLP is so Fast!
— Joshua Green (@joshmgreen) October 4, 2019
#1 Economic Naiveté of Bitcoin Proponents
The economic naivete of many Bitcoin proponents always surprises me. They want to believe so badly in the inevitability of their token that they pretend the whole history of money doesn't exist. I say this as an 8-year champion of this tech.
— Jeffrey A Tucker (@jeffreyatucker) October 5, 2019
#0 Presented Without Comment
— Lina Seiche (@LinaSeiche) October 3, 2019
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DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.