
Designing better money @River
London, England
Joined November 2014
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Alex Sharp retweeted
If the Bitcoin custody model sounds like a gender theory seminar, the less secure your Bitcoin probably is.
Alex Sharp retweeted
Digital ID for every adult is not progress. It is the end of a free society dressed up as convenience.
I am a cyber security specialist. This is my take.
They are selling it as a fix for illegal migration. That is bollocks.
We spend hundreds of billions a year on cyber security and yet the volume of breaches is breaking records. The threat is growing faster than the spend.
Digital ID will not stop boats. It will not stop trafficking gangs. It will not fix a broken border.
鈥–riminals will work around it.
Honest citizens will pay the price.
It builds giant data banks that track where you go, what you buy, what you read and who you speak to.
鈥↖t links your identity to every checkpoint in daily life.
鈥∣ne breach and your life is exposed.
Look at Jaguar Land Rover and the airports in recent weeks. Now imagine that at national scale on an ID system tied to everything you need to live your daily life.
Here is the risk that ministers will not admit.
鈥≧ansomware seeded through a supplier or an insider:
鈥↖t lies quiet for months.鈥↖t rolls through the backups.鈥∣n trigger day the register and the recovery sets are both encrypted.
鈥≒ayments fail. Health and benefits stall. Borders slow. Citizens are frozen out until a ransom is paid or the state rebuilds from scratch.
鈥–entralise identity and you centralise failure.
Do not fall for the pitch.
Function creep is certain.鈥↖t starts as login.
鈥↖t becomes access to money, travel, speech and public services.
鈥↖t turns rights into permissions controlled by the state and its contractors.
鈥↖t creates a single point of failure for criminals, insiders and hostile states to target.
鈥↖t will punish the elderly, the poor and anyone who is not always online.
鈥↖t will centralise risk and outsource blame.
鈥↖t will not stop fraud.
鈥↖t will not stop illegal migration.
鈥↖t will build the machinery for a social credit system by stealth.
If ministers cared about the border, they would enforce current laws, resource patrols and processing, close loopholes and remove those with no right to stay.
鈥╕ou do not need a national ID to do any of that.
We scrapped ID cards in 2010 for a reason.
鈥˙ritain does not need a central register to prove age or status.
鈥╕es to privacy first proofs. No to a database state.
Alex Sharp retweeted
Tracking the performance of your Bitcoin can be complex whether you are an individual investor or business owner. Today we are making it easier at @River.
You can now see summary metrics, performance history, balance history, and tax lot details in one sleek interface!
Alex Sharp retweeted
Businesses can now earn 3.8% interest on cash, paid in bitcoin. Only on River.
Every year, businesses lose billions to inflation. That ends today.
Unlock the predictability of dollars with the performance of bitcoin. Cash is FDIC insured up to $250,000.
Alex Sharp retweeted
Coinbase鈥檚 obsession with trying to financialize everything onchain is not about economic freedom, it鈥檚 about turning the world into a casino so they can monetize it. Luckily this vision is fundamentally flawed and won鈥檛 happen.
Alex Sharp retweeted
Why do I call multi-asset exchanges "crypto casinos"? Because that really is their business model. The vast majority of their revenue comes from uneducated consumers trading altcoins with high fees, not from sophisticated institutional clients.
There are two paths for a crypto exchange/brokerage:
1. Bitcoin-only path - focus on helping people build and preserve long term wealth through hard money. This path leads to an exchange looking more like a "bank" long term.
2. Multi-asset trading platform - add as many coins as possible and build the business model around speculative trading. This leads to the exchange becoming more like a casino.
Both can make money, but these are the only two options. The minute an exchange adds one non-Bitcoin token they are signing up to be on the forever hamster wheel of memecoins. It makes no sense to list ETH if you don't list the tokens issued on ETH, and the same goes for Solana.
There are many successful crypto casinos, but I have no interest in building such a business. The casino business model is built around maximal extraction from customers, and the Bitcoin only model is focused on helping people build long-term wealth.
Alex Sharp retweeted
Bitcoin鈥檚 adoption is shifting dramatically.
It鈥檚 already the fastest-spreading form of money in history.
But now it鈥檚 entering a new phase. Our latest research shows why 馃憞
Alex Sharp retweeted
I think crypto permanently damaged tech in weird ways. Just a huge influx of very uninteresting greedy retards, and when crypto went bust they rolled into AI, and now every AI founder I meet except for a handful seem like total dimwits.
Fuck crypto, man
Alex Sharp retweeted
*scientifically proven
Alex Sharp retweeted
30% of Bitcoin at @River is now protected by ForceField 馃寪




















