NetHappenings: Bitcoin Engineers Michael Saylor and Gregg Foss

Educational CyberPlayGround NetHappenings ∞/21M
https://edu-cyberpg.com
https://k12playground.com
https://RichAsHell.com
daily read https://twitter.com/cyberplayground
Hey, Hey, NRA, how many kids did you kill today?

BEWARE CRYPTO SCAMMERS

@FatManTerra sends the warning:
A verified source has confirmed that Zhu Su, the CEO of 3AC, owned a megayacht worth $50m that he would show off to friends and prospective investors to signal his luxurious wealth. This yacht was purchased with borrowed money, and 3AC has been unable to cover it beyond the down.
Addendum: despite Zhu showing off ownership of the yacht and pictures of it (according to the source who gave me this info), he didn’t even have the yacht in-person yet! It is actually scheduled to be delivered next month. (Credit to @lawmaster>

Smart Contracts

Ethereum (and any other shitcoin) wouldn’t exist if it weren’t for Bitcoin. Period. And Bitcoin shouldn’t even be in the same conversation as Ethereum. Bitcoin is all there is and all that matters.


For those who haven’t put the time into learning and need to hear/read this  – “Smart contracts” – are doable on Bitcoin anyway;
they’re just usually pointless “oracle” based algorithms and we recognize them as nearly universally scams. #SmartContracts

#Satoshi built #SmartContract opcodes into the bitcoin client, most of which were removed because they compromised security. Bitcoin devs have long understood that smart contracts’ proper place is higher layers, which is now bearing fruit with Lightning & federal designs. Also smart contracts have been around long before ethereum.
see szabo, nick

Bitcoin has very powerful #L1 smart contracts.

#Lightning has services with multiple million users enabling it for faster cheaper payments: – CashApp – Bitfinex – Kraken – Paxful – Chivo – Robinhood.  Add all these up and it’s well over 50M users

Engineers Michael Saylor and Gregg Foss

∞/21M

Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.

“Bitcoin will do 100x” – Michael Saylor Bitcoin Interview
First Principals Bitcoin is digital Energy, incorruptible, indestructible, programmable, it lasts forever. Bitcoin is 100 times bigger than the next digital energy network, it’s the dominant one. Watch the video!
American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.
#MichaelSaylor #Bitcoin #Crypto

Greg Foss Power Development / Bitcoin Strategist
Oakville, Ontario, Canada
2 years in high-yield credit trading and analysis as PM and trader.
Bitcoin enthusiast/realist. G-7 balance sheets (total debt to GDP) will cause all fiat currencies to depreciate. It is only math. Embrace bitcoin as a hedge against the debt spiral and the beggar thy neighbor strategy employed by all governments and central banks.
The fractional banking system facilitates this imbalance. Quantitative easing exacerbates the imbalance. All portfolios need to hedge these risks.
1-3% exposure to bitcoin is prudent risk management.
BTC = digital gold and digital electricity.

“Nobody Did The Maths” – Greg Foss Bitcoin Interview
In todays’ video, Greg Foss tells us all about the Fiat Ponzi, what it is and details why it will collapse and Bitcoin will thrive and succeed, over Fiat.
Foss, who is now retired, began his career as a bond trader on Wall Street, which he feels has given him a clear sense of the mathematical ramifications of what’s really going on, leading him to believe that Bitcoin is the only ‘anti-fiat’ choice.
#GregFoss #Bitcoin #Crypto

“These Are My Targets” – Greg Foss Bitcoin
(my Ah Ha moment was in 2016)
In todays’ video, Greg Foss discussed why he is a Bitcoin supporter, and you should accept it as a hedge against the debt spiral, and why all fiat currencies will devalue as a result of the G-7 balance sheets (total debt to GDP).
Foss, who is now retired, began his career as a bond trader on Wall Street, which he feels has given him a clear sense of the mathematical ramifications of what’s really going on, leading him to believe that Bitcoin is the only ‘anti-fiat’ choice.

“My Plan To This Chaos”
Michael Saylor talks about the opportunities Bitcoin provides to the American people and how it has the ability to disrupt today’s financial and commercial use. He also compares Bitcoin and Crypto to traditional stock market and gold.

#GOLD

Bitcoin 21 million is the hardest money known in history and has the ability to disrupt today’s financial and commercial use. Gold isn’t scarce they just found a trillion dollars of it last week.

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove
Estimates say only 2,500 to 3,000 tons of new gold is produced annually. a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. A crypto-asset like BTC is considered a lot scarcer than gold, and the protocol ensures there won’t be any surprise discoveries or underreported issuance. SURPRISE The 226-kilometer wide asteroid is made of gold and other metals with an estimated value of around 10,000 quadrillion-dollars.