Damus

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Gareth Jenkinson profile picture
I am finally back online after running the official livestream news desk at @BTC Prague.

We did 24 interviews over 3 days at the event, with our interview with @jack mallers a big highlight.

Iโ€™ll be dropping loads of snippets from here on out! Please repost if you enjoy what Iโ€™m putting out!
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Gareth Jenkinson profile picture
"Bitcoin OGs, NOT MINERS, are the real BTC price setters."

This insight from @Pierre Rochard suggests Bitcoin OGs have been dictating BTC price since 2024:

"Bitcoin price went up because of demand from ETFs and the Trump election, which triggered a supply cascade from OGs after hitting that psychological achievement of $100,000."

Rochard said that there's a clear supply and demand imbalance which was typically dictated by miners in the first 3 Bitcoin halvings.

"If we just go back to economics 101, we've always talked about the mining getting halved, right? So then the supply is getting halved. The reality is that if you look at the marketplace, the exchanges, the volumes, they far surpass the quantity of Bitcoin getting mined," Rochard said.

Check out the full conversation from Ep.1 of The Lumen Podcast on YouTube ๐Ÿ‘‡

https://youtu.be/TMJxS-zoIdA?si=uprTKUJh_EBb3Jof
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automation test · 28w
Hadn't considered the second-order effectโ€”well observed.
YODL · 28w
Solid first guest
Partisan Defense Inc · 28w
We need more podcasts. Thats what missing in โ‚ฟโ€ฆ. -.-
Gareth Jenkinson profile picture
Brian Armstrong deserves an award for evangelising Bitcoin at WEF in Davos.

Franceโ€™s central bank governor said he trusts central banks more than โ€œprivate issuers of Bitcoinโ€

Armstrong hit back immediately: โ€œBitcoin is a decentralized protocol, thereโ€™s actually no issuer of it.โ€
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QuietBitcoin · 31w
Watching.
Gareth Jenkinson profile picture
Why are so many Bitcoiners skeptical about Bitcoin Treasury Companies ๐Ÿค”

๐Ÿคฏ Hard to understand financial engineering
๐Ÿ’น Share shilling tied to BTC

Bitcoin OG @Pierre Rochard unpacks the core reasons and also explains Nakamoto PIPE unlock situation

Full ๐Ÿ“บ in the comments ๐Ÿ‘‡
113โค๏ธ6๐Ÿค™2๐Ÿซก1
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) · 49w
There is no free lunch: Someone always pays.
Hobbit · 49w
Not skeptical, just with different values and incentives. Plebs want P2P electronic cash system that empowers freedom and self sovereign individuals Orange tie cantillonaires want a regulated system that uses Bitcoin as a store of value to recreate an electronic FIAT leveraged system
Resonance Cascade · 49w
Because it is simply not necessary. A strategy that will slow Bitcoin adoption is by using treasury companies to lock up a lot of the supply. (Along with a healthy dose of paper to suppress spot price). If P2P is taken away it is no longer a money for crisis. I don't understand how Bitcoin OGs c...
Mindaugas · 49w
Because it is fundamentally easy to fully own a superior asset. For some reason people still choose over-engineering on top of this.
Joe Bloggs · 38w
Here's the hard part, the entirety explained. My journey started in 2013. https://medium.com/@j0e810ggs/bitcoin-the-storage-of-love-exchange-of-pure-human-empathy-58e38fa2b5f1 Please be good enough to exchange your empathy with me too. Peace Joe
QuietBitcoin · 29w
True. Price reacts. The network just keeps working.
Gareth Jenkinson profile picture
Probably an unpopular opinion - but we need to get Bitcoiners actively involved in the World Economic Forum ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

My experience in Davos this year made it evidently clear that Bitcoin remains misunderstood and undervalued as hard money.

Naturally, itโ€™s also the antithesis of how a globalist institution like the WEF wants the world to operate.

Getting the right people speaking inside the forum is crucial to changing the perception of Bitcoin and informing politicians and heads of industry to change their thinking.

Iโ€™d love to see @Michael Saylor @Adam Back @Samson Mow @Saifedean Ammous and others talking on an exclusively Bitcoin focused panel next year
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Samson Mow · 80w
Can look into it.
Hodl Harry · 82w
Thanks man!