BitcoinKeith retweeted
You have to understand that WooCommerce isn't written with the threat model you're facing in mind. It's written for hobbyist knitters to sell cute dolls, not bitcoin transaction signers that can get you wrench attacked.
BitcoinKeith retweeted
When I promoted @Ledger as a self custody solution years ago, I got a mountain of criticism from Bitcoin puritan plebs and podcasters.
They claimed it was a shitcoin company, and wasn’t secure because of that, and I was a “scammer” for recommending it.
However, Ledger was and is a highly competent and technical organization with hundreds of employees. This was obvious to anyone with a couple brain cells.
All while those same puritans were shilling an amateur solution built by 5 guys in a garage in Canada. But if you dared criticize cold card you’d have a legion of puritans shouting in your replies. No humility. All trust, and no verify. The opposite of what they preached.
This is a wake up call that Bitcoin only or Bitcoin puritan companies often are of poorer quality than other crypto companies. The best of the best employees and most of the funding will go to companies that just focus on execution, not being virtuous.
Finally, you don’t buy Apple products because they align with your political beliefs, you buy Apple because it’s built by a great company. Focus on competent companies, not virtuous ones.
[I’m going to preemptively cover this before 80IQ plebs hit the replies: Ledger’s email database leaks are not even remotely equivalent to a catastrophic seed generation exploit]
BitcoinKeith retweeted
The idea that we were plugging this stupid fucking piece of shit into a 9 volt battery in order to mitigate extremely esoteric NSA level electromagnetic attacks meanwhile it had worse entropy than a fucking trezor one is just… bro WTF are we kidding with this shit???!
BitcoinKeith retweeted
Podcasters and YouTubers please put out short 5-10 min emergency broadcast episodes today or tomorrow with a technical guest about the coldcard situation. That way we can reach all the people in the audience who aren’t too online twitter people.
There are still bitcoiners who don’t know this is happening.
BitcoinKeith retweeted
Bitcoin rewards conviction because it's brutal to hold.
Long waits. Deep drawdowns.
"Dead" calls at every bottom.
That's the filter. It shakes out the weak and rewards those who stay.
Short-term: coin flip.
Hold 3 years: history says profit, nearly every time.
You don’t need to be early or a genius.
You just need to still be there when it moves.
BitcoinKeith retweeted
"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.
BitcoinKeith retweeted
My Bitcoin story is pure luck.
First I luckily worked my ass off to earn a high income.
Then I luckily spent all my free time learning about the history of money and distributed systems.
Then I luckily took all my money and invested it into bitcoin.
Then luckily I convinced my wife to live on 25% of our income while we put the rest into bitcoin.
Then I luckily didn’t go on vacation or buy nice things for years.
Then luckily everyone laughed at me / told me how wrong I was
Then I luckily sold my car and drove a shitty fucking moped to stack more sats.
Then I luckily suffered through multiple 80% drawdowns.
Then I luckily doubled down at the bottoms.
Then I luckily persisted for a decade.
Pure luck all of it.
Thank god I’m lucky.
If I wasn’t I’d be totally fucked.
BitcoinKeith retweeted
Every bear market, the losers that didn't buy Bitcoin in the previous bear market come out of their caves of resentment to tell you "bitcoin is no longer what it used to be" and "bitcoiners don't care about this or that" or that "bitcoin has failed". instead of buying Bitcoin, like any rational person would.
They seize the opportunity to drag you down with them, so they can feel vindicated for (yet again) being wrong about Bitcoin.
They do not seek freedom, sovereignty and self-improvement. They seek emotional validation. They crave the shallow and fleeting sensation of being vindicated for their lack of fortitude. Their mental weakness is exposed to the world. They envy Bitcoiners for their relentless optimism. They are addicted to their doomer mentality.
They are inconsequential. They don't care about you, they want to use you to feel better about themselves.
Don't let them.
BitcoinKeith retweeted
Bitcoin Hall of Fame drawdown days:
June 2011: -99%
April 2013: -43%
December 2013: -50%
December 2017: -33%
March 2020: -50%
May 2021: -30%
November 2022: -14%
February 2026: -14%
today joins the list
and every single one of those days was the best buying opportunity of the next cycle
either this is major cope or you will be rewarded for your conviction, carry on! 🫡
BitcoinKeith retweeted
Nic makes a long argument built on stacking hypotheticals, inflated timelines, and a convenient conflation of theoretical possibility with actionable risk.
Yes, Shor exists. Yes, ECC is not information-theoretically secure. None of that is news, and none of it implies urgency. What's missing is any credible path from today's lab demos and VC pitch decks to a cryptographically relevant quantum computer that can:
A. exist,
B. remain secret,
C. scale reliably, and
D. be economically deployed against Bitcoin before mitigations are available.
Hand-waving about "nonlinearities" and "it could appear suddenly" is not an argument it's just FUD
You treat Bitcoin upgrades as uniquely impossible while quietly assuming that every other system upgrade flawlessly, instantly, and without coordination risk. That's utterly backwards. Bitcoin's conservatism is a feature precisely because cryptography failures are asymmetric and irreversible. Rushing into immature post-quantum schemes with massive bandwidth costs and unproven assumptions is far more dangerous than waiting for a real threat signal.
The confiscation narrative is especially telling: it assumes Bitcoin must pre-commit to violating its own core invariants based on speculative future hardware. pre-emptive panic dressed up as responsibility is not prudence.
No quantum computer has factored a number larger than 21 without using tricks for over two decades.
Bitcoin doesn't ignore quantum risk. it simply refuses to cargo-cult solutions to a problem that, today, exists mainly in blog posts, grant applications, and VC decks.
BitcoinKeith retweeted
Bitcoin is not apolitical.
The progressive impulse opts for state solutions, and Bitcoin is a non-state solution.
It is also anti-communist technology.
Communists build walls to keep capital and people from escaping. And bitcoin is both an exit financially and helps you exit, geographically.
Communists despise private property. And bitcoin resists confiscation.
So although bitcoin itself is neutral - it’s fair, permissionless, and doesn’t discriminate - it causes problems for those who want to centralize political and economic power.
BitcoinKeith retweeted
The number one question I keep hearing is:
"With all the demand for Bitcoin from institutions, sovereign wealth funds, etc.,
WHY IS BITCOIN'S PRICE NOT GOING HIGHER?"
And I will tell you what I recently told @BITVOLT on a podcast.
LTH's (Long Term Holders) are sellling. It's just that simple, kids.
They are taking profits after significantly holding Bitcoin, some for years.
Some have held since 2011 and are now selling!
Between $58K rising up to $98K there were ONE MILLION coins sold from LTH's.
Right now as I write this, LTH's are selling over 100,000 coins per month. 3,000 coins a day.
BUT.
This is so incredibly positive. Because these coins are being bought. We have not "crashed" as I thought we would have.
There is a relentless underpinning bid that is putting NEW PRICE DISCOVERY in every one of these coins.
We are creating a new cohort of coins that others view valuable above $100k. We are increasing the Realized Cap of Bitcoin every day. That is incredibly bullish for the long term.
Someday you will be that LTH with incredible wealth and time.
You might want to buy something.
Hmmmm. As a pilot, I know what I want, do you?
BitcoinKeith retweeted
Forget the short term noise. Behind the scenes there are tectonic shifts happening that are increasing Bitcoin adoption
I wish I could share more, but here's one that I can:
TL:DR: financial regulators are further along than you think in their comfort with Bitcoin
Context: Institutional adoption is preceded by regulatory comfort
Who educates the world’s financial regulators on BTC:
Cambridge University does
Every year 350+ senior financial regulators from Security and Exchange Commissions, Central Banks and Govt Agencies from around the world take part
As a result, regulators are starting to get more comfort about how they regulate bitcoin
1/8 of the entire program is on ESG. Whether you like that or not, reality is, it’s a critical checkbox for almost all regulators, especially outside USA
So addressing it head-on with regulators is critical to Bitcoin’s adoption story. They asked me to present the lecture and Q&A on this section of the program
I went into the data and case studies which overwhelmingly support bitcoin's environmental, energy security and social benefits and equally well refute the earlier commentaries on bitcoin that suggested otherwise
Most of them had never heard any of this data and they were grateful to have it available to them as it allows them to make evidence-based regulations around allowing institutions to invest into both bitcoin and into bitcoin mining companies
I just got the feedback that the presentation landed very well, in fact it was the most highly rated one of the program so far
They’ve also invited me back to give future talks, including their enterprise group which includes a number of the large asset management firms
Probably nothing
BitcoinKeith retweeted
Add this to the reasons why a Strategic Bitcoin Reserve is the wisest thing we can do to shore up USD. It secures our debt with a hard asset + we can audit it to prove reserves at any time.
Given its scarcity, we can also use it in 20+ yrs to retire a meaningful % of US debt.
BitcoinKeith retweeted
Clocks require energy.
Honesty has a cost.
Bitcoin consumes energy to create incorruptible memory, transforming physical work into digital truth.
Compare not to utopia, but to the chaos, wars, and crises of fiat systems.
The energy cost of Bitcoin pales beside the human cost of monetary manipulation.
Energy is the price of honest time.