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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
Ten Personal Finance Principles I've learned over 40 Years
- Now that I’m 40, I feel both qualified to drop some wisdom on the world. To start, here are my 10 Principles of Personal Finance. 1: Marry someone who shares your financial philosophy: If you don’t, you may be setting up for a life of endless conflict, not to mention the possibility of divorce, as money is ...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
How to safely store Bitcoin and other cryptocurrencies in 2021
- I've seen people lose their Bitcoin in every way imaginable, and I want to help you avoid the most common mistakes. Are you thinking long-term? Will your storage medium last 10 years? Will your family be able to access it in the event of your death? Have you considered that the same events that will ...more
Don't dismiss Bitcoin just because of its wild price swings
- There are valid reasons to criticize Bitcoin, but price volatility is not one of them. Why does the price of Bitcoin change so much from day to day? The answer is simple: the value of Bitcoin derives almost entirely from speculation on future adoption of Bitcoin rather than practical use. Bitcoin speculators are betting on the likelihood that ...more
Forbes: "Here's What Investors Need To Know About Cryptocurrency"
- Forbes Magazine featured Vellum Managing Partner Eric Kovalak in "Here's What Investors Need To Know About Cryptocurrency": Crypto Valuation = Philosophy + Technology? Eric Kovalak, a managing partner for Vellum Capital, a hedge fund management firm specializing in crypto assets, says, “People are trying to translate the value of cryptocurrencies into a traditional model where they’d use ...more
Three Key Differences Between Traditional and Crypto Asset Markets
- What is the real market value of cryptocurrencies like Bitcoin? The numbers used to explain the performance of Bitcoin and other cryptocurrencies are less meaningful than most assume. Cryptocurrencies are not exactly like stocks, and cryptocurrency exchanges do not work like traditional securities markets. As a result, many crypto-asset investment strategies based on conventional definitions of market ...more