I have decided it is time to retry my pivot away from investing directly in people's understanding of Bitcoin.
Thread:
Post by twetch#622
First, a history of my involvement.
I have been in Bitcoin since 2011 and made every mistake in the books.
Had I been less foolish then, I'd be retired today, by which I mean, doing exactly what I'm doing, but with solid financial security.
What the chain says
- Block
- 623 792
- Time
- 2020-02-26T20:42:45Z
- Signer
- 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#622
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C VerifiedReplies (11)
For a long time, I knew that I was hugely ignorant, foolish, etc. and just muddling along trying to learn as much as I could as quickly as I could, and still screwing it up pretty regularly.
That's why I stayed off of Twitter, out of Reddit, etc.
Then, Segwit 2x happened, or more accurately, failed to happen. BCH had already forked, and I knew that bigger blocks were necessary.
I started paying much better attention then...
What I found was that nobody knew what the hell they were talking about.
In fact, I knew far more than they did thanks to my studies in economics.
That's when I got on Twitter and wrote this article:
https://sym.re/MKKCHAR
That article directly addressed the complete and utter stupidity of the BTC approach at the time, and gave a framework to understand why fees acted as they did at the time.
It was my first direct investment in educating others about how this stuff works.
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