Encon Blockchain
@enconblockchain
Bitcoin, Smart Contacts, Blockchain Technology
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President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
You are free to consider any asset a memecoin, and I’m not offended by that, but I’m happy to explain why I think Bitcoin is different. 1) Bitcoin is the base layer asset of a blockchain with ~800 Th/s in hashrate across hundreds of datacenters worldwide. 2) It hasn’t been…
1. Was Bitcoin ever a memecoin? 2. Is it a memecoin now? If it was a memecoin but not now, when/how did this change? If it was never a memecoin, what qualities make it different?
Bitcoin is the invention of digital scarcity. @DavidSacks understands it. Now what is his new role again? 🤔
The Washington Post is reporting that Trump will repeal SAB 121 on day one. (Congress passed the repeal last year, but Biden vetoed it) It's the third of Saylor's three catalysts for $5m BTC: ✅ Spot ETFs ✅ Fair value accounting ✅ Banks can custody Bitcoin (SAB 121 repeal)
The only way to stop the people from printing money into ruin is to hardcode a limit.
JUST IN: #Bitcoin company Lightspark CEO tells BlackRock moving money natively on the internet will "unleash a pretty significant amount of GDP for everyone in the world" 🚀
A lesson in how much you need to earn just to maintain the same purchasing power amid the debasement of your currency 👀
Either create wealth or a passive income, or become a monk, or do what you love more than money. What remains is taming the mind and the body, seeking truth, creating love and art. The world has nothing to offer you. And you are free.
These insane SBF chatlogs can be condensed into: a) his public persona was an act b) the mean justifies the end => best to be dishonest but win c) doing "sketchy" things is OK d) he had been using customer funds for a long time e) "it wasn't quite lending them out"
So, Alameda blew up at the same time as 3AC did, but SBF bailed them out with customer funds secured by FTT and HOOD equity? reuters.com/technology/exc…
FTX site is gone 👀 "Trusted third parties are security holes" -Nick Szabo
There are a million ways to invest your money, but just one way to save your money. #Bitcoin
Your success in life depends on your ability to make good decisions. Your happiness depends on your ability to not care about the outcomes.
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