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Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
Vellum's new Whitepaper: "Bitcoin's Rise and the Coming Crypto Economy"
- Bitcoin can seem like the merger of the Wild West and the Jetsons. If you aren't already an expert, keeping away might seem safer. Fortunately, Vellum Capital prepared a whitepaper that makes sense of the cryptocurrency space without being technical or sensational. Get the complete whitepaper: "Speculation Becomes Consensus Bitcoins Rise And The Coming Crypto ...more
Will Bitcoin ever go to Zero?
- In November of 2020, we posted an article that looked at whether Bitcoin was poised to push past the $20,000 barrier. Entitled, “Will Bitcoin Go Over $20K to Reach a New ATH,” that article is worth exploring again several months later as we look to gain some perspective on where things now stand not just ...more
How to repair a Trezor Model T with a touchscreen swap
- I needed to perform this operation because I had a Trezor Model T with a lost recovery seed and a bad display. When I plugged it in, I saw the LCD backlight lit up, but nothing showed on the screen. I decided to fix this Trezor wallet with a component swap of the touchscreen. Note: If ...more
Stop buying fake Bitcoin wallets!
- Every day, I get 10+ Bitcoin wallets that someone "forgot" the password to. Some are worth a few Bitcoin while some have 100,000 (or more!) Bitcoin. Sometimes they have no idea what the password is, while sometimes, there is a vague suggestion of what the password could be. They all have three things in common: There ...more
Why GameStop is not the new Bitcoin
- When Robinhood disabled customers from buying GameStop, some people in the WallStreetBets subreddit suggested a need for a "decentralized brokerage." Others said that "GameStop is the new Bitcoin." Yet others decided to target the Dogecoin cryptocurrency, which spiked over 500% before it failed to process transactions due to overload. The premise behind these ideas is hilariously ...more
Don't panic: why Tether won't destroy crypto
- This article by "Crypto Anonymous" claims that Tether will bring a crypto "doomsday." The author makes many good points in building his case, yet the overall conclusion is less than the sum of its parts. Here's the short version of why he's wrong: Yes, Tether creates systemic risk for Bitcoin. But the key claim that new ...more
Don't panic: why Tether won't destroy crypto
- This article by "Crypto Anonymous" claims that Tether will bring a crypto "doomsday." The author makes many good points in building his case, yet the overall conclusion is less than the sum of its parts. Here's the short version of why he's wrong: Yes, Tether creates systemic risk for Bitcoin. But the key claim that new ...more
Stimulus checks are a dangerous game
- What happens when the government sends out a stimulus payment? Politicians can print money, but they cannot wish all the goods and services that money buys into existence. They would like you to think that their money causes factories to hire workers and put idle production lines to work. But that's not what happens. Tens ...more
Help! My Bitcoin was stolen! Can you help?
- Billions of dollars in Bitcoin are stolen every year. If you're a victim of Bitcoin theft or a scam, read this article first. I will tell you why all "stolen Bitcoin recovery" services are scams, and what you should actually do. Can a Bitcoin recovery service help get my stolen Bitcoin/Ethereum/etc back? The first and most important thing ...more
Will Bitcoin go over $20K to reach a new ATH?
- Will Bitcoin go over $20,000 and reach all-time new highs by December 2020? Here's a quick guide for investors to know what's happening now: The first question: does Bitcoin over 19,000USD represent a new thesis or outlook for the market? No. As for nearly all digital assets, Bitcoin's value is established from a 'stack' of value ...more
Being Pro Liberty Shouldn't Mean Being Anti-Science
- My social feed is full of deeply flawed arguments about the science of COVID-19. It's in the mainstream media too, but it bothers me more when I see it coming from my libertarian friends and organizations. I used to be likewise "triggered" by libertarian and conservative writing about global warming. Leftists would probably call me a ...more
Six things COVID-19 has taught us about Bitcoin
- This week the United States economy reported an additional 4+ million people filing for unemployment. The cost of COVID19 lockdowns and their destabilizing effect in business is an economic wave unlike anything in our lifetimes. This extraordinary investment environment has also provided tremendous qualitative indication and information about the market’s current assessment of Bitcoin and ...more