Top crypto tweets of the day – September 3rd

After cryptocurrencies, cryptocountries.

— Balaji Srinivasan (@balajis) September 2, 2022

From digital cash to digital passports.

— Balaji Srinivasan (@balajis) September 2, 2022

Satoshi did not pre-mine or even fast mine bitcoin – we can observe the timestamps.

What we actually see is the deliberate throttling back of hashpower as the network bootstrapped itself.https://t.co/HyCKTE2j0j

— Jameson Lopp (@lopp) September 3, 2022

Patoshi almost never mined blocks less than 5 min apart.

This pattern was revealed by @SDLerner in a recent article at https://t.co/IXlfdIA2EP

I verified it with this script https://t.co/Vt9AHttDk5

Producing this data: https://t.co/yNQem9xAGO

Note: blocks 1400-1916 excluded pic.twitter.com/OEiK7VbpwZ

— Jameson Lopp (@lopp) August 25, 2020

16% of Americans have used #bitcoin or digital assets pic.twitter.com/FWpa2YQwvx

— Documenting Bitcoin (@DocumentingBTC) September 3, 2022

#bitcoin was $3700 on Dec 18, 2018 when this tweet/article was made. https://t.co/FKwe86jLYo

— CZ Binance (@cz_binance) September 3, 2022

STOP PANIC SELLING your #Bitcoin. If you panic sold in recent weeks, this guy bought it from you. This address buys $2 -$8 million worth of #Bitcoin  each and every day, regardless of price. DCA $BTC and #HODL pic.twitter.com/FEvCLQ94Q8

— C15 #322, 453, 751, 875, 920, 1163, 1305, 1520 (@Capital15C) September 3, 2022

Here’s another $BTC accumulator pic.twitter.com/WOgyIW6Kj4

— C15 #322, 453, 751, 875, 920, 1163, 1305, 1520 (@Capital15C) September 3, 2022

In less than 3 days the Bellatrix upgrade starts the Eth merge process.

Good to remember the fundamental fallacy of PoS is its simple circular logic. Still can't quite understand why some ETH people refuse to acknowledge this.https://t.co/5Uf66qZizZ

— Real Pedro McLasso (@PeterMcCormack) September 3, 2022

Because it's not a circular argument, it's a spiral argument. People with coins at time T secure the transactions at time T+1.

Spiral arguments and circular arguments sometimes look similar to untrained observers, but they are fundamentally different.

— vitalik.eth (@VitalikButerin) September 3, 2022

The circular logic of PoS:

1. The list of valid transactions determines who has coin.
2. People with coin decide which transactions are valid.
3. GOTO 1

This should be enough for anyone to abandon the idea. https://t.co/MHwbVMI7jz

— Bob McElrath (@BobMcElrath) August 4, 2021

After the merge
– PoS advocates will pump ETH to show success
– ETH-PoW advocates will pump ETHW to make it thrive
– BTC-advocates will pump BTC to avoid flippening
– L2 advocates will pump their token as an alternative

Only problem: We are in a bear.

— John Brown (@john_j_brown) September 3, 2022

Open interest exploded again on Binance.
I think it's mostly directional shorts.$BTC pic.twitter.com/Dematee2t4

— Byzantine General (@ByzGeneral) September 3, 2022

#Bitcoin $BTC Percent Supply Last Active 5+ Years just reached an ATH of 24.601%

View metric:https://t.co/90CEGcXoYk pic.twitter.com/zkI2w0hdNZ

— glassnode alerts (@glassnodealerts) September 3, 2022

Since 2015, #Bitcoin has averaged a +60.4% return to end the year (September 1st – January 1st).

Will this year be any different? pic.twitter.com/v3vOg0Ie9m

— Miles Deutscher (@milesdeutscher) September 3, 2022

Sam Bankman-Fried's crypto crisis deals directive: “Your goal is to do OK deals. Your goal is for us to not get our faces ripped off.” https://t.co/Emttf9ZRgi

— Bloomberg Crypto (@crypto) September 3, 2022

This is how you build a startup. pic.twitter.com/GKZh8EYuSl

— Andrew Gazdecki (@agazdecki) September 3, 2022