Journeyman(@JourneyMacro) 's Twitter Profileg
Journeyman

@JourneyMacro

2025 POL Aggregation
2024 Wealth Inequality, Recursive zk proofs
2019 MATIC, 2016 ETH, 2013 BTC, 2009 Gold Silver, 2008 GFC

ID:1766810645541072896

calendar_today10-03-2024 12:58:50

1,1K Tweets

328 Followers

152 Following

Journeyman(@JourneyMacro) 's Twitter Profile Photo

Bitcoin was never meant to have a scaling limitation. It was meant to scale with increases in computer speed and internet bandwidth.

'The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

Last week's outflow data is most likely today's buying opportunity.

Liquidity is being added globally by central banks and government.

Realistically, governments must keep spending to maintain low unemployment.

The alternative would result in a deflationary bust and a debt…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

In all probability, it will be games and EVM compatibility that determine which blockchain succeeds in obtaining mass adoption.

A note from history:
The IBM PC benefited from a broader range of available software, including VisiCalc and EasyWriter, which were available right…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

Custodial wallets basically mean we've gone back into the walled banking system comprising of PayPal, Mastercard, banks and the whole kyc system.

It's the difference between permissioned money (call your bank to use your own money) and permissionless money.

It's the…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

Ethereum is about to solve the liquidity fragmentation issue, (probably by end of 2024.)

Layer 2s currently require bridges to move capital from one chain to another (horrible ux and breaks composability). Soon we won't be needing these bridges and user experience will improve…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

If companies wanted to, they could have manufactured light bulbs that last virtually forever:

Instead, they opted for planned obsolescence. Why? To ensure ongoing profits.

Bulb companies came together to form a cartel, known as the Phoebus cartel, in the early 20th century. The…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

I think this gentleman is right.

If we take a look at France, they already recycle almost all their nuclear waste:

Approximately 96% of the reusable material in spent nuclear fuel is recovered through recycling in French nuclear energy plants.

This recycling process involves…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

I would add to the below post that L2 scaling on Ethereum will eventually be unified via aggregated recursive zk proofs.

Recursive zk proofs are able to aggregate chain states of multiple L2s and settle on Ethereum.

The important part is that the size of the proof stays…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

This has major implications:

10 years ago, price increases in Bitcoin brought people into the ecosystem. In 2013, people could buy BTC for less than $1,000.

In 2016 Ethereum took off from less than $1. Other coins like MATIC rose from 1 cent.

Ordinary retail people had a…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

He is part of the system that has continued as it is for 50 years.

What he doesn't seem to realise is that USTs replaced gold as bank reserves. And why was that possible? Taxpayers.

Taxpayers are the people who give value to USTs so that USTs can replace gold as bank reserves.…

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Journeyman(@JourneyMacro) 's Twitter Profile Photo

Right. So the US can solve the issue of cheap imports from China in two ways:

1) buy gold, or
2) stop exporting dollars and manufacture at home

(Or do both)

The fact that Janet Yellen is afraid to allow more cheap imports (a 40 year pivot on policy) indicates the fragility…

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CoW DAO | MEV Blocker & CoW Swap(@CoWSwap) 's Twitter Profile Photo

It's not just us ringing our cowbell, here's some real feedback from real CoW Swap users!

By the way, almost every order receives surplus, regardless of what token you're trading...

Give it a shot for yourself: swap.cow.fi

It's not just us ringing our cowbell, here's some real feedback from real CoW Swap users! By the way, almost every order receives surplus, regardless of what token you're trading... Give it a shot for yourself: swap.cow.fi
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Journeyman(@JourneyMacro) 's Twitter Profile Photo

Clearly there's a rather massive bifurcation going on between the haves and the have nots in Australia.

The younger generation without assets are getting hammered by cost of living pressures whilst the wealthier older crowd are living out their middle age crisis.

Until…

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JC(@delzennejc) 's Twitter Profile Photo

'Why does US state agencies are trying to cut access to Ethereum?'

This is a great question. Let's reframe it another way:

Who will lose their job if Ethereum is successful?

All the intermediaries.

The banking business is all about maintaining the ledger for everyone.…

'Why does US state agencies are trying to cut access to Ethereum?' This is a great question. Let's reframe it another way: Who will lose their job if Ethereum is successful? All the intermediaries. The banking business is all about maintaining the ledger for everyone.…
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Journeyman(@JourneyMacro) 's Twitter Profile Photo

The original Bitcoin project was peer to peer money. It's in the title.

'Bitcoin: A Peer-to-Peer Electronic Cash System.'

What we have today is a shadow of what the whitepaper envisioned.

And the reason is clear: certain people do not want to upset the USD apple cart:…

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Paolo Rebuffo- Erigon Ag co-founder 🦦🐛(@PaoloRebuffo) 's Twitter Profile Photo

We are finding that Bitcoin's strength depends largely on its use as collateral for ETFs and other TradFi financial products, not on its adoption as a cryptocurrency or ledger.
Ethereum's superiority in this regard is self-evident.

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JC(@delzennejc) 's Twitter Profile Photo

Michael Saylor building a 'Decentralized' Protocol on Bitcoin is an admission that Ethereum is RIGHT.

It sends is the right signal: 'We need to BUILD a decentralized future ONCHAIN'

The 'Bitcoin is Perfect, Inscriptions are SPAMS' crowd must be coping.

BUT Ethereum is very far…

Michael Saylor building a 'Decentralized' Protocol on Bitcoin is an admission that Ethereum is RIGHT. It sends is the right signal: 'We need to BUILD a decentralized future ONCHAIN' The 'Bitcoin is Perfect, Inscriptions are SPAMS' crowd must be coping. BUT Ethereum is very far…
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Journeyman(@JourneyMacro) 's Twitter Profile Photo

Gold replaces US Treasuries at Central banks once again then gold will become sovereign money.

(This means much higher prices for gold)

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