Picture

Adam Back ✪ @adamweb3us

cypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci https://t.co/zs2to5Rhuw Co-Founder/CEO https://t.co/q3AA8A0MXR cypherspace.org/adam/ Malta 🇲🇹 Joined March 2010
  • Tweets
    179
  • Followers
    29
  • Following
    380
  • Likes
    0
Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

re @MtGox fud: after a 10 year forced HODL from $450, what kind of 🤡 would market dump at $40k, with ETF tailwind about to hit, in an early bull market leading into a halving, vs say just wait another year for $400k+. doesn't make any sense to me either. just cold store them.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

and note @MtGox is paying out in BTC and kept the BTC (not sold for bankruptcy legal expenses), they did not sell them to USD unlike the US bankruptcy approach of @FTX_Official. or creditors would be even sadder with $450 *0.2 = $90/btc rather than 20% of bitcoin balance.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

there were also institutional claim buyers, but i think they were BTC basis, looking to buy-up and hold discounted BTC. total BTC left 142k out of the 200k found by @MagicalTux. bankruptcy lawyers spent the other 56k btc over the 10 years.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

great @BlockstreamJade unbox and feature walk through from @YTCryptoGuide youtube.com/watch?v=z2Vsgo… goes through all of the main features and modes, bluetooth, airgap QR, pin server, OTP, bip85, seed QR with @BlkstreamGreen and @bluewalletio for the QR signing.

Adam Back ✪ retweeted
DylanLeClair_ Profile Picture

Dylan LeClair @DylanLeClair_

2 years ago

@saylor @jimcramer

Adam Back ✪ retweeted
saylor Profile Picture

Michael Saylor @saylor

2 years ago

@jimcramer #Bitcoin = toughest owners

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

don't blame the ETFs, 9 new ETFs are BTFD, huge price supportL $4.4bil in 8 days, $550m/day. that's like 30x effect of the halving. literal wall of buying. if anything it's bitcoin weak hands under-buying. those ETF buyers are low velocity, fairly "cold", like whale buy and hodl.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

recall selling $GBTC for BTC, does NOT push #bitcoin price down; selling for USD and keeping it in USD does. people doing USD selling are forced liquidations, bankrutpcy sales like FTX. so i'm not sure if there's much USD net-selling left post FTX $1bil bankruptcy sale.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

much context I mean $1bil sized chunks. if $GBTC goes to $0 AUM, it does not matter, if that's all outflow to BTC, and other #bitcoin ETFs. it won't go to $0 because lots of lazy people who don't care about 1.5% fee, and $GBTC might drop the fee if they get to $15bil AUM fast.

Adam Back ✪ retweeted
sriramHODL Profile Picture

Sriram @sriramHODL

2 years ago

"Don’t sell your #Bitcoin. It’s going to be very hard to get it back."

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

@Scaramucci points out some US buyers are not able to re-buy #bitcoin after selling $GBTC for 30days due to loss harvesting rules. Ie can't re-buy same asset within 30days. Could be step-up in buying in 30 days post sale.

YahooFinance Profile Picture

Yahoo Finance @YahooFinance

2 years ago

@Scaramucci points out some US buyers are not able to re-buy #bitcoin after selling $GBTC for 30days due to loss harvesting rules. Ie can't re-buy same asset within 30days. Could be step-up in buying in 30 days post sale.

Adam Back ✪ retweeted
dotkrueger Profile Picture

Fred Krueger @dotkrueger

2 years ago

Watching this video of Larry Fink, I now see GBTC's weakness. At 5:30 Fink mentions that he wanted In-Kind (v Cash) because this would allow transfer of Bitcoin from GBTC to IBIT WITHOUT TAX RAMIFICATIONS. If this gets back on the table (as the Bloomberg guys think), this could…

Adam Back ✪ retweeted
sideswapcn Profile Picture

Sideswap中文🏄🏻 @sideswapcn

2 years ago

@gaborgurbacs @adam3us @Blockstream @Liquid_BTC @tdexnetwork @side_swap sideswap on Liquid has successfully tokenized shares of the company and can be traded on liquid

Adam Back ✪ retweeted
gaborgurbacs Profile Picture

Gabor Gurbacs @gaborgurbacs

2 years ago

@adam3us @Blockstream @Liquid_BTC @tdexnetwork @side_swap Spent a good bit of time on Liquid lately. Great technology stack and product dimension also evolving nicely. Bullish. Btw, I believe I was the first investment professional on Wall Street to incorporate Liquid in an Investment case for Bitcoin.

gaborgurbacs Profile Picture

Gabor Gurbacs @gaborgurbacs

6 years ago

@adam3us @Blockstream @Liquid_BTC @tdexnetwork @side_swap Spent a good bit of time on Liquid lately. Great technology stack and product dimension also evolving nicely. Bullish. Btw, I believe I was the first investment professional on Wall Street to incorporate Liquid in an Investment case for Bitcoin.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

ETFs are low velocity, buy & hold investments. $SPDR (gold ETF) holders are NOT day trading like the ~2mil BTC (~$90bil) on #bitcoin exchanges. as ETFs siphon ~$90bil exchange coins and $1-2bil tax selling from $GBTC into cold storage, at maybe $1bil/day, things get interesting.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

I say $1bil/day as a rough guestimate. i do not think the ETF net inflow is the full story. the new ETF inflows are clearer as the trading volume is low vs inflows. but because $GBTC is a big market there are existing GBTC holders buying off people cycling out of GBTC arb-trades.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

another datum $GBTC volume $2bil/day (2 day $4bil total). on -$290m/day outflow (-$579m 2day). the outflow to remind is JUST market makers buying when discount is pushed low enough by net selling that it creates a profit opportunity to buy and redeem for physical BTC via the AP.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

"Imagine buying a spot #Bitcoin📷 ETF with the ticker $HODL then panic selling on the first day over a 5% dip" -@ronin21btc precise🤣🤣🤣🤣 HODL.

Adam Back ✪ retweeted
adam3us Profile Picture

Adam Back @adam3us

2 years ago

x.com/ronin21btc/sta…

ronin21btc Profile Picture

RŌNIN @ronin21btc

2 years ago

x.com/ronin21btc/sta…

Adam Back ✪ retweeted
ronin21btc Profile Picture

RŌNIN @ronin21btc

2 years ago

Imagine buying a spot #Bitcoin ETF with the ticker “HODL” then panic selling on the first day over a 5% dip 💀😭

Trends for United States

PlayWildcard
1.498 posts
Dodgers
103 B posts
#GhostofYotei
13,2 B posts
#RUNSEOKJIN_epTOUR_ENCORE
42,1 B posts
Roki
12,3 B posts
Reds
37 B posts
#Mawari
#Jin_TOUR_ENCORE
39,1 B posts
Guardian Nodes
Billy Jack
Mookie
6.474 posts
Lodolo
1.907 posts
#LoveIsBlind
2.078 posts
Andrade
22,3 B posts
Yamamoto
22,6 B posts
Tito
12,1 B posts
ZOMVIVOR SERIES SOON
130 B posts
Sheehan
2.068 posts
Kardi
1.577 posts
Cancel Netflix
387 B posts

You might like

https://t.co/9qhgzJ69UQ
Elon Musk
@elonmusk
227.0M Followers
Dad, husband, President, citizen.
Barack Obama
@BarackObama
130.0M Followers
Welcome to the official account of Cristiano Ronaldo.
Cristiano Ronaldo
@Cristiano
115.2M Followers
45th & 47th President of the United States of America🇺🇸
Donald J. Trump
@realDonaldTrump
109.5M Followers
@skylrk
Justin Bieber
@justinbieber
107.8M Followers
Rihanna
@rihanna
106.9M Followers
And, baby, that’s show business for you. New album The Life of a Showgirl. Out October 3 ❤️‍🔥
Taylor Swift
@taylorswift13
92.9M Followers
Official NASA account. Exploring the universe, advancing science, and inspiring the next generation of explorers. Verification: https://t.co/8nok3NP4PW
NASA
@NASA
88.0M Followers
MAYHEM, INCLUDING “THE DEAD DANCE”, OUT NOW
Lady Gaga
@ladygaga
81.0M Followers
football is so back
YouTube
@YouTube
78.4M Followers
@SKIMS
Kim Kardashian
@KimKardashian
74.0M Followers
Comedian, talk show host and ice road trucker. My tweets are real, and they’re spectacular.
The Ellen Show
@EllenDeGeneres
73.2M Followers
what's happening?!
X
@X
68.4M Followers
A proud husband and father ❤️
Virat Kohli
@imVkohli
67.8M Followers
Sharing things I'm learning through my foundation work and other interests.
Bill Gates
@BillGates
66.3M Followers
“I Said I Love You First…And You Said It Back” Out Now🖤
Selena Gomez
@selenagomez
64.5M Followers
Breaking news from CNN Digital. Check @cnn for all things CNN, breaking and more.
CNN Breaking News
@cnnbrk
63.6M Followers
It’s our job to #GoThere and tell the most difficult stories. For breaking news, follow @CNNBRK and download the CNN app ➡️ https://t.co/7PQD7o6fLw
CNN
@CNN
63.6M Followers
Filho de Deus, Pai, Feliz e Ousado !
Neymar Jr
@neymarjr
63.6M Followers
Office of the Prime Minister of India
PMO India
@PMOIndia
59.1M Followers