Classical Economics in a Quantum World
The biggest fallacy involved with bitcoin is that, with time, it will still grow into a transactional currency. By transactional currency, I mean a currency used for the widespread exchange of goods and services. In the early Silk Road days…
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Remember in 2008 when the Satoshi White Paper proposed a revolution to the financial system with the impending release of Bitcoin’s decentralized digital currency and blockchain? A digital currency that would compete with the dollar and provide an end run around…
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Hijacking Bitcoin: The Hidden History of BTC Roger Ver is a heavily influential first-generation proponent of Bitcoin. His unrelenting evangelism for Bitcoin1 earned him the moniker “Bitcoin Jesus”. Ver believes widespread adoption of Bitcoin will create a libertarian free market…
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Number go up. A lot. In April 2021, a friend invited me to attend the H. C. Wainwright Cryptocurrency, Blockchain, and Fintech Conference virtual presentation with Michael Saylor touting bitcoin. I watched the presentation and thought about writing a…
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From Bitcoin to CBDC I have covered the evolution of Bitcoin and its effect on the crypto space since my initial October 2017 post on the subject, The Problem with Bitcoin. This post led to Chapter 22, The Bitcoin Flaw,…
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The good, the bad, and the ugly The slow-motion, rolling crypto collapse following the Terra/Luna implosion in May 2022 seems to be gathering pace. Contagion bankruptcies, insolvencies, liquidations, and rumors of such in Celsius, Voyager, 3AC, BlockFi, and other DeFi…
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Equity vs Crypto When you buy a stock, you become a shareholder of a company. The most common stock equity ownership is common shares. Your shares entitle you to be compensated ratably for the value of the company according to…
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It’s different this time. The history of volatile bitcoin declines is that at every bottom, bitcoin rises from all the negativity to reach new, unimagined highs. Eventually, the price of bitcoin is destined for a million dollars—or something like that—according…
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The Bank of International Settlement (BIS) released a lengthy update on CBDC progress. It is a safe, reassuring report to justify CBDC as a benign evolution of the monetary system. From the report we glean that all the wonders of…
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Every once in a while I look under the hood to see the inner workings of a crypto. There are thousands of cryptos and new ones are constantly being innovated under less than reliable protocols. They all promise a new…
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