TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. There’s a sweet spot, a Goldilocks mean, between pure Bitcoin cringe, macabre exploiting of human suffering, and offering up crypto as a helpful tool. US cryptocurrency exchange Kraken CEO Jesse Powell and Etherum co-founder Vitalik Buterin step out of religious-like cultism, offering too-often unheard takes on crypto and catastrophe in the wake of George Floyd and coronavirus.
#9 Bitcoin Does Not Solve This
“I will come out and say this directly,” Vitalik Buterin concluded in a long, contrarian thread, “this mentality below is *exactly* what we should be expanding beyond right now. REFORMING MONEY IS NOT SUFFICIENT.” Buterin was prompted by the general consensus among Bitcoiners as expressed by popular exchange Binance CEO, Changpeng Zhao (CZ), who pithily tweeted, “#Bitcoin is the peaceful protest.”
CZ’s sentiment was seconded in-depth by Kraken exchange CEO Jesse Powell during a recent personal video blog (vlog). Though at times philosophically schizophrenic, teetering between more government programs and services while maintaining a severe distrust of government power, Powell gives us a look into his upbringing, views on violence, the importance of proportionality in defense, and even voting. He believes, according to passing parts of the vlog, Bitcoin can be a tool toward lessening the link between wasteful government spending and harmful, unaccountable blunt government instruments.
On 2008 vs 2020, and what it means for crypto(currency).
I've said this already at some of the recent newfangled e-conferences, but want to reshare here too.
Thread:
— vitalik.eth (@VitalikButerin) June 2, 2020
Buterin’s take is slightly more interesting in a strictly crypto sense if only because it runs so counter to the dominant narrative. “Bitcoin was born out of a crisis that was fundamentally financial in nature,” he explained. “Either the banks misbehaved, or the government over/under/misregulated the financial sector, or they bailed out too many banks, or they printed too many dollars.” He relegates Bitcoin to a strictly financial tool, and warns 2020 is “*not* a financial crisis. It’s a virus crisis, it’s a crisis of epistemology (how we learn what’s true and what’s false in the face of competing groups misleading us), it’s a crisis of overbearing policing in many places, and much more.”
He does acknowledge what both CZ and Powell know, that central banks are flooding the world with fiat, but insists “that’s a relatively small portion of what is going on, and even there inflation is still going *down* not up,” which is downright heresy to some of us. “And cryptocurrencies ended up being very much correlated to wider economic trends. Doesn’t mean they don’t protect from other things (eg. political barriers/interference), but it *does* mean that narratives need to adjust,” Buterin stressed. “Conclusion: finance is relatively less important this decade than it was in the last decade, and the crypto space needs to adjust to this reality,” soberly pointing out how “the success of stablecoins has shown that what people want is NOT to get away from the USD right this minute, but to move into the crypto *environment* where they have more options of what to do with their money. Freedom of exit.”
#8 Opt-Out
Consider that a life’s work has value. That value might be stored in property or a business. Our inept response to COVID has already destroyed lives and left others teetering on edge. Razing black neighborhoods doesn’t say BLM.
Opt out with #bitcoin https://t.co/bTxBWlS7iW
— Jesse Powell (@jespow) June 3, 2020
#7 CoinSpice Might be Responsible
Our bad.
the photoshopped picture of me holding up a cringe sign at a protest is getting wider distribution than the original. i can see this getting me in trouble
— Neeraj K. Agrawal (@NeerajKA) June 2, 2020
#6 Building What Comes Next
I have one interview left on my calendar. Tomorrow w/ @LionsofLiberty.
That will be my last public discussion of the current situation.
Two months ago I relocated my family to a place where I could start building what comes next.
If you can find your way here, you're welcome.
— Ⓥin Ⓐrmani (@vinarmani) June 2, 2020
#5 Useful Again
This is what happens when you make bitcoin useful again. Over one million BCH hands played in April. pic.twitter.com/h0rVLVT49I
— Cain#106✂ (@BCHcain) May 30, 2020
#4 Fact Checking Should be Open Source
Agree this should be open source and thus verifiable by everyone https://t.co/T7XSN8anTm
— jack (@jack) May 29, 2020
#3 Lockdown Shopping
Did some post lockdown shopping today using #BCH and @eligmacom . Fast, contactless easy and reliable as usual! So proud to be an investor in such an amazing company with @rogerkver so much more to come!@DejanRoljic @PangeaFund @zigaEligma @BitcoinCom @MateTokay pic.twitter.com/02jRG0oQ3n
— William Duplessie (@bottomfeed_nyse) May 29, 2020
#2 The Fix
So today I found out @CashApp pays for your BTC withdraw fee. So I sent 12 different transactions of $1 each. They seemed to batch withdraws, with about 10 other people. Each transaction had a next block fee, of about $6.
— Collin Enstad (@CollinEnstad) May 27, 2020
#1 We Would Like to Apologize /s
we would like to apologize to YouTube for past criticism
censorship typos are a common programming error
you go to add a new feature but you put a semicolon in the wrong place and *whoops* banned everyone critical of the CCP https://t.co/CajlAj3z9a
— LBRY 📚 🔬⚖️ 📣 (@LBRYio) May 27, 2020
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DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.
