TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. Billionaire businessman Mark Cuban thrashes BTC maximalists. Justin Sun and Tron celebrate 916 million tether jumping to his platform. Legendary investigative journalist John Stossel moves to a decentralized, tokenized media service, and so much more in this week’s installment!
Tweets of the Week: #9 Mark Cuban Schools BTC Maximalists
“Lots of people are trying to change my mind,” noted billionaire, owner of an American professional basketball team, and reality television star Mark Cuban explained during a debate with BTC maximalists. “My mind will be changed not by technical discussions about fiat currency, sharpe ratios, valuation projections, protocol comparisons, etc. It will be changed by actual usage by consumers, who choose BTC over the many other options.”
The thread had Cuban showering BTC maximalists with cold, cruel doses of reality only possible from an outsider, a heretic with clout. He argued BTC in its present form is clunky, slow, expensive, and comparatively hard to use — something enthusiasts of peer-to-peer electronic cash have literally been trying to convey for years.
But to make all the hypesters happy, as a collectible /SOV BTC is worth what someone will pay for it. Which means it could blow pass it’s highs of 2 years ago. It could hit new lows as well. That’s the nature of heavily traded collectibles
— Mark Cuban (@mcuban) December 13, 2019
“I’m not saying BTC can never be ubiquitous,” Cuban assured, “but it will have a hard time in its current incarnation because the utility isn’t obvious.” He outlined how the current pivot away from a medium of exchange-like utility toward a store of value makes BTC closer to “a collectible like baseball cards or art. It has some intrinsic value (managing the public blockchain) but that doesn’t contribute much to its price. I think gold is a religion and don’t own any. I have enough cash to generate the utility I need it to,” disclosing his pro basketball team’s much-hyped experiment with BTC yielded a paltry $549 in purchases due to factors he detailed in the thread.
“Remember what led to this discussion,” Cuban reminded. “I said that btc isn’t and won’t be used by consumers as a currency. You don’t have to convince me. You need to convince your neighbors. If they don’t see value, that is the problem you need to solve. I’m not opposed to BTC. I understand every argument being made. The world is littered with great products/services that failed for lack of consumers.”
#8 Small UTXOs Becoming Unspendable
If you still hold BTC, you should be more worried about:
– small UTXOs becoming unspendable
– <14 tps on main chain cannot onboard ppl / open-close channels fast enough
Spoiler: it's never going to become a world currency like that -unless- it turns into custodial (banks 2.0) https://t.co/97TvJkXY7s
— bch 'make Bitcoin cash again' protocol upgrade (@btcfork) December 7, 2019
#7 Good Lesson on How Not to Use Social Media
What's happening to Samson Mow and @LinaSeiche is a good lesson on how not to use social media. If your entire platform is built on hating on others, and being toxic, you will make enemies and sooner or later they will bring you down.
— CØ₿RA (@CobraBitcoin) December 8, 2019
#6 Bitcoin: A Better Way to Use Visa!
— Pierre Rochard [Jan/3➞₿🔑∎] (@pierre_rochard) December 10, 2019
#5 On Net
On net, I have been harmed by the United States Federal Government more than helped. That organization has been the single source of most headache, pain, loss, and suffering that I’ve experienced in my life. And the poor, often, have suffered even more.
— Erik Voorhees (@ErikVoorhees) December 12, 2019
#4 Who is We?
— Justin Sun (@justinsuntron) December 11, 2019
#3 John Stossel Hates When Companies Restrict Videos
I hate when companies restrict videos.
But I'm now on a platform that I hope won't have that problem. @LBRYio is "decentralized", making it hard to censor.
My new channel: https://t.co/8AA7RsEsXV
— John Stossel (@JohnStossel) December 12, 2019
#2 Censors Continue to Censor
Nice bots guys. pic.twitter.com/ABRgJBCWpJ
— pokkst (@pokkst) December 14, 2019
#1 The OG Matriarch
Although it is @adam3us (HashCash) who is cited in the Bitcoin white paper as the father of Proof Of Work, PoW's mother, Cynthia Dwork (along with Moni Naor) beat Adam to the solution by 5 years!
REAL "woman in blockchain". The OG matriarch.https://t.co/mBIiXeZHLu
— Ⓥin Ⓐrmani (@vinarmani) December 14, 2019
CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.
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.