The Portal Wiki

Bitcoin: Difference between revisions

Page Discussion

Bitcoin (edit)

Revision as of 06:49, 2 October 2025

10,878 bytes added ,  2 October
→‎Related Pages
No edit summary
 
(16 intermediate revisions by 2 users not shown)
Line 9: Line 9:
}}
}}


{{#widget:Tweet|id=1324476601011089408}}


{{Tweet
{{Tweet
Line 148: Line 147:
{{#widget:Tweet|id=1375102961735503872}}
{{#widget:Tweet|id=1375102961735503872}}
{{#widget:Tweet|id=1377559021255819268}}
{{#widget:Tweet|id=1377559021255819268}}
{{#widget:Tweet|id=1379899107632799746}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1379899107632799746
|name=Eric Weinstein
|content=This is absurd. Peter Thiel does not hate Bitcoin.
 
True, I’ve never found a shrine to BTC in his home. He has never written a song or prayer to Bitcoin. And I have never seen him lovingly polishing a physical Bitcoin. But for gosh sakes, enough with the insane misrepresentation.
 
|quote={{Tweet
|image=Nic carter-profile.jpg
|nameurl=https://x.com/nic__carter/status/1379891717164433419
|name=nic carter
|usernameurl=https://x.com/nic__carter
|username=nic__carter
|content=virtually all of my heroes hate Bitcoin, I can deal with Thiel trashing it too
|timestamp=1:19 PM · Apr 7, 2021
}}
 
|timestamp=1:49 PM · Apr 7, 2021
}}




Line 163: Line 183:


{{#widget:Tweet|id=1384392554695720963}}
{{#widget:Tweet|id=1384392554695720963}}
{{#widget:Tweet|id=1386463212187525121}}
 
{{#widget:Tweet|id=1386463213454172162}}
 
{{#widget:Tweet|id=1386463214276280324}}
{{Tweet
{{#widget:Tweet|id=1390790901945954307}}
|image=Eric profile picture.jpg
{{#widget:Tweet|id=1392655277648797697}}
|nameurl=https://x.com/EricRWeinstein/status/1386463214276280324
{{#widget:Tweet|id=1392658740143218689}}
|name=Eric Weinstein
{{#widget:Tweet|id=1393946700809601027}}
|content=Don’t let short term losses in Bitcoin sour you on Bitcoin, crypto or distributed computing. Don’t let Bitcoin zealots chase you away either.
{{#widget:Tweet|id=1400878813077065731}}
 
Figuring out how we hedge against central bankers printing and devaluing fiat currency remains our upcoming rendezvous with the market.
 
We will need to go short the talent, ethics and skill of macro economists, central bankers, investment bankers and financiers.
 
Gold isn’t perfect. Neither is BTC.
 
But we must beware the printing press and calls for relief, easing and stimulus are cries for transfer & dilution.
 
This is not investment advice. But it is a belief that central bankers through their disguised actions are a threat to all those who hold cash and its close equivalents. Look into BTC, XAU, CHF, XAG,  etc etc etc and make up your own mind. There are risks to all. Good luck.
 
P.S. I have no time frame to give you on central banking actions. I just see a group of people who get into trouble and reach for the same tool. Over and over. And there will always be such trouble until we confront and address the underlying crisis in growth and innovation.
|media1=ERW-X-post-1386463212187525121.jpg
|timestamp=11:32 PM · Apr 25, 2021
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1390790901945954307
|name=Eric Weinstein
|content=I believe we called their Prime Brokerage unit to ask whether they would handle BTCUSD out right and simple derivatives (puts & calls) on BTC as an underlying asset.
 
That was 11 years ago. GS was polite in the way sane people talk to crazy people with whom they must do business.
 
|quote={{Tweet
|image=FT-profile.jpg
|nameurl=https://x.com/FT/status/1390716914570350592
|name=Financial Times
|usernameurl=https://x.com/FT
|username=FT
|content=Goldman Sachs executes its first bitcoin derivatives trades https://www.ft.com/content/5ec1d0aa-7992-4fb8-8011-9d7f7b44faac
|timestamp=10:15 AM · May 7, 2021
}}
|timestamp=3:09 PM · May 7, 2021
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1392658740143218689
|name=Eric Weinstein
|content=I’m usually see @elonmusk as one of the few seeing our long game. This feels bizarre so I’m not getting something.
 
Why do #BTC only to undo it in the face of the easily foreseeable? This and focus on Rocket propulsion(?) over fundamental physics are 2 things I clearly don’t get.
 
<nowiki>
*I</nowiki>
 
So I get taking #btc. And I get not taking #btc. But not doing it to undo it over energy(?) concerns.
 
 
With Rockets, you can maybe get Mars/Moon for planetary diversification. That’s *not* enough even *if* you get it done (a huge ‘if’).
 
Relativity is what must be superceded.
 
|quote={{Tweet
|image=Elon-profile.jpg
|nameurl=https://x.com/elonmusk/status/1392602041025843203
|name=Elon Musk
|usernameurl=https://x.com/elonmusk
|username=elonmusk
|content=Tesla & Bitcoin
|media1=Elon-X-Post-1392602041025843203.jpg
|timestamp=3:06 PM · May 12, 2021
}}
|timestamp=6:51 PM · May 12, 2021
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1393946700809601027
|name=Eric Weinstein
|content=Say what you want about my take on Bitcoin, but I don’t shift my opinion of it with its ups and downs.
 
I am still of the opinion that ordinary folks need instruments with which we can short economists in general and central bankers in particular with respect to fiat currency.
|media1=ERW-X-post-1393946700809601027.jpg
|timestamp=3:09 PM · May 16, 2021
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1400878813077065731
|name=Eric Weinstein
|content=I’m just repeating what bitcoiners say. You need to clear up this confusion.
 
They *literally* often tell me “Bitcoin Fixes Everything.” In those three words w/ the certainty of God.
 
That is usually just before they tell me I don’t get it for asking how #btc solves an issue X.
|media1=ERW-X-post-1400878813077065731.jpg
|quote={{Tweet
|image=BTCGandalf-profile.jpg
|nameurl=https://x.com/BTCGandalf/status/1400720107110768642
|name=Daniel Sempere Pico
|usernameurl=https://x.com/BTCGandalf
|username=BTCGandalf
|content=There's some confusion going on with one of the #bitcoin memes.
 
I've heard Eric Weinstein and now Lex Fridman both get it wrong.
 
It's not "#bitcoin fixes everything."
 
It's "#bitcoin fixes this."
|timestamp=12:44 AM · Jun 4, 2021
}}
|timestamp=11:15 AM · Jun 4, 2021
}}
 
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1404695010600120326
|name=Eric Weinstein
|content=CPI is broken. Why?
 
Think of CPI as a gauge like a thermometer. You can’t have politically motivated folks making your thermometers or they can change the design to cover up climate change. Likewise you can’t have economists changing the gauge to disguise the effect of printing.
 
The economists can’t yet compute a dynamic Cost-Of-Living-Adjustment or COLA or “Chained Changing Preference Ordinal Welfare Konus Index” to be perfectly pedantic. Not because it doesn’t exist. But because they don’t have the math and don’t want to lose their finger on the scale.
 
We must take CPI away from those who wish to back out a political agenda of printing money, raising our taxes by indexed tax brackets and slashing our indexed social security & Medicare.
 
Economics can’t construct dynamic economic gauges like CPI/GDP until it learns gauge thy.
 
But more importantly, we have a culture that economics literally trumpets (and I swear I am not making this up) “Economic Imperialism”. It is “we know math and you don’t”-culture.
 
No. They don’t know their own math. I will debate any high ranking economist on this point.
 
It’s time to reveal that economics, far from embracing math or having physics envy, is deliberately avoiding solutions to old problems so that it can make up new gauges for CPI/GDP at will while telling the rest of the soft sciences “We know your field better because we do math.”
 
No. Economics is a avoiding gauge theory, connections, Lie Groups, etc so it can retain its political relevance as an expert consultancy. I’m with the crypto folks on this. Our economy must be protected from Seigniorage (printing money) and CPI tampering (e.g. Boskin Commission).
 
CPI should not
MUST NOT
be adjustable to disguise inflation. It needs to be protected from the FED diluting the power of money and the BLS being free to disguise the effects by changing the method of construction.
 
https://www.youtube.com/watch?v=XjCAsXUDvno
 
End the forced wealth transfers of central bankers covering up their own failures with “Relief”, “Easing”, “Stimulous”, “Rescues”, “Toxic Asset Purchases”, and other bailouts of our incompetent financial overlords.
 
We must protect CPI from economists disguising wealth dilution.
 
P.S. before you remind me how arrogant this sounds, keep in mind, that I am willing to debate this publicly with any leading economist eager to defend the central bankers and triumphalist theorists openly bragging about their math. Read this, and be sick:
 
https://www.nber.org/system/files/working_papers/w7300/w7300.pdf
 
Moral: Gauge Theory fixes this intellectual corruption problem of economic imperialism, and #btc, blockchains and Crytpo can help.
 
|quote={{Tweet
|image=Samkazemian-profile.jpg
|nameurl=https://x.com/samkazemian/status/1404565972728487939
|name=sam.frax
|usernameurl=https://x.com/samkazemian
|username=samkazemian
|content=A crypto native CPI governed on the blockchain to create a decentralized stablecoin people can rely on to keep their standard of living the same across time. A true alternative to fiat rather than a speculative investment asset like most other coins.
|timestamp=3:26 PM · Jun 14, 2021
}}
|timestamp=11:59 PM · Jun 14, 2021
}}
 
 
{{#widget:Tweet|id=1404695010600120326}}
{{#widget:Tweet|id=1404695010600120326}}
{{#widget:Tweet|id=1407670175332278275}}
 
{{#widget:Tweet|id=1410643511511191554}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1407670175332278275
|name=Eric Weinstein
|content=Breathless Financial Cheerleading Posing as Journalism:
 
<nowiki>#</nowiki>Bitcoin Fixes This.
 
I have no idea where BTC is heading next. But neither did the experts or journalists who implied that they did.
|media1=ERW-X-post-1407668593521745922.jpg
|timestamp=12:01 PM · Jun 23, 2021
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1410642805932716034
|name=Eric Weinstein
|content=You didn’t fail to manage the interview. I’m a pain in the ass as a guest. And we are working toward something new.
 
Keep in mind when listening to your haters that it’s in many people’s interest to sow doubt, suspicion and envy. Many of those accounts are one person paying bots.
 
I just disagree with you in some places. Stop apologizing and tell your haters to suck on a lemon and wait. We’ll get to something new.
 
You did fine by me. Onward. Til next time.
 
[Honestly I feel like putting laser eyes in my profile sometimes just to quiet the worst of your haters. #Btc]
 
|quote={{Tweet
|image=PeterMcCormack-profile.jpg
|nameurl=https://x.com/PeterMcCormack/status/1410565349142155266
|name=Peter McCormack
|usernameurl=https://x.com/PeterMcCormack
|username=PeterMcCormack
|content=Did you see the thread I wrote about this interview? I have thought about it a lot and how I failed to manage the interview.
|timestamp=4:46 AM · Jul 1, 2021
}}
|timestamp=9:53 AM · Jul 1, 2021
}}
 
 
{{#widget:Tweet|id=1450499161820852227}}
{{#widget:Tweet|id=1450499161820852227}}
{{#widget:Tweet|id=1450502203819454465}}
{{#widget:Tweet|id=1450502203819454465}}
{{#widget:Tweet|id=1478951618871578624}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1478951618871578624
|name=Eric Weinstein
|content=This Bitcoin depression is odd. I’ll</br>
grant dips aren’t much of a coddle.</br>
But if you missed your time,</br>
Way back in ‘09,</br>
Are you thinking of buying to Hodl?</br>
 
[A question in verse. This is *Not* investment advice. Limerick & crypto may lose value. Void where prohibited. Not an NFT.]
|media1=ERW-X-post-1478951618871578624.jpg
|timestamp=8:48 PM · Jan 5, 2022
}}


{{stub}}
{{stub}}
== Related Pages ==
* [[CPI]]
* [[Gauge Theory]]
* [[Gauge Theory, Gold, and Bitcoin (YouTube Content)]]
* [[Bitcoin Threat Vectors (YouTube Content)]]
* [[Bitcoin and the American Dream (YouTube Content)]]
* [[Bitcoin and the Culture Wars with Eric Weinstein (YouTube Content)]]
* [[Eric Weinstein - Fix The Money To Leave The World (YouTube Content)]]
* [[Eric Weinstein on Bitcoin (YouTube Content)]]
* [[The Intellectual Rabbithole with Eric Weinstein and Robert Breedlove - Bitcoin 2023 (YouTube Content)]]
* [[Satoshi Nakamoto]]


[[Category:Portal Topics‏‎]]
[[Category:Portal Topics‏‎]]
[[Category:Economics]]
[[Category:Economics]]
Retrieved from "https://theportal.wiki/wiki/Special:MobileDiff/22108...22666"