Gary Gensler, the new head of the U.S. “It’s a digital, scarce store of value, but highly volatile,” Gensler told CNBC. However, the typically-skeptical Bitcoin community could see this as a sign that increased governmental intervention in bitcoin is forthcoming, which could hurt bitcoin adoption and ultimately be detrimental to the U.S. …Read the full […]
Assuredly, the great empires of Rome, Venice and Constantinople also had many rich people enjoying the various splendors of wealth. If we can consider the fiat ice cube melting, it would be wise to conceptualize that, until the ice is fully melted, the water feels cold. Many believe that they are keeping themselves safe by […]
As the value of bitcoin has skyrocketed in the first months of 2021, Invictus Capital’s Crypto20 fund has seen its savvy investors reap astronomical rewards. In mid-April, Invictus Capital released its first quarterly report for 2021, describing the performance shown by the company’s suite of seven innovative investment funds offered to clients, as well as […]
From the use of seashells as a “money” to the gold coins of Rome or the first fiat currency — the jiaozi of the Song Dynasty in China — to the U.S. Time is the ultimate currency, forever passing without the ability to return to a prior moment: ever passing, ever spent, ultimately and unequivocally […]
Many prominent Bitcoiners before me have recognized this, and I would encourage those interested to consult the fantastic articles written by Bob Simon, SEANSTACKIN and Jameson Lopp for more information. Those genes that enhance the adaptive fitness of an organism increase the likelihood that it will reproduce, thereby increasing the likelihood that the gene itself […]
The Bitcoin indicator will focus on collecting and collating data about Bitcoin, its connections to traditional currencies and emerging trends. …Read the full story
The rial, Iran’s fiat currency, has experienced severe depreciation recently, hitting a record low against the dollar in 2020. Interestingly, the move makes it seems as if the CBI is treating bitcoin mining and trading as regular commodity activities. Most recently, Iran has attempted to control the bitcoin mining industry, requiring that mining operations be […]
On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Mike Colyer, the CEO of Foundry, a wholly-owned subsidiary of Digital Currency Group that’s focused on bitcoin mining in the U.S. Colyer is extremely proud of how much hash rate is flowing into the U.S. Foundry understands that nation states will […]
If we do not understand the problem at a granular level, how can we ever determine what may be a suitable solution? Bitcoin has been obtuse to many, the reason being that most simply do not understand the problem of money; if you are one of these people, don’t be hard on yourself — very […]
But Bitcoin does offer commentary on our current situation, because it did not emerge within a vacuum. The world faces serious problems. Because societies begin as constructs of the human mind , the problems we face today are ultimately rooted in our thinking. We’ve organized ourselves in communities since time immemorial and it’s undeniable that […]
“We formed our first fund, the Low Time Preference Fund, with the express intention of investing in great Bitcoin companies we believe would form the future foundation of the global economic and monetary infrastructure,” according to a Ten31 press release shared with Bitcoin Magazine. In the release, Ten31 said it was inspired by similar grants […]
Marathon mined its first “clean” block five days after the company began directing 100% of its 10.37 exa hash per second hash rate to the “compliant” mining pool. The company’s ability to select which transactions it includes in a block seems contrarian to Bitcoin’s philosophy for many in the space. If some coins get treated […]
“Running Bitcoin” is a sculpture in commemoration of Hal Finney — celebrating his 65th birthday and his contributions to Bitcoin. I think I was the first person besides Satoshi to run bitcoin.” We know that Hal was doing this also due to his now-famous tweet which simply states, “Running bitcoin.” This sculpture was directly inspired […]
This signaling method follows a soft fork deployment framework called Speedy Trial, in which miners and mining pools help coordinate the upgrade. The soft fork gets locked in for activation if 90% of all blocks mined in the difficulty adjustment window of 2,016 blocks include the activation signal. The network has to achieve this consensus […]
By combining this on-chain data with other price and market data, bitcoin holders are more equipped to understand why its markets behave the way that they do, giving them tools to make more informed decisions or the confidence needed to keep sailing. As explained here, this is related to something called “max pain,” which is […]
Yet another professional athlete has come out publicly in support of Bitcoin, and has joined the “Pay Me In Bitcoin” movement. “Learn #Bitcoin,” reads Achara’s Twitter bio, a sign that he really understands what Bitcoin has to offer. prints money during COVID to help people, the more it devalues our currency,” Archara told CoinDesk. In […]
Most of the problems that humans have ever faced were coordination problems. One obvious solution is to create a dominance hierarchy and elect a leader on top of it. Another issue with such structures is that there is one single point of failure, which makes them prone to corruption. I can’t put my hand through […]
If that asset were not even backed by a nation state, its chances of success would be even slimmer. “All belief systems have seven pieces of code that work together to make them believable. He sought help from a cryptography mailing list, which was one of the few places where he could obtain help and […]
This writing mirrors the exact chronological structure of “Beyond Order,” offering reflection through a Bitcoin lens. The wealthy who already own assets get richer, the middle-class savers lose purchasing power, and the lower class watch the little they have vanish. His model forms a mutually beneficial trinity between investors, ranchers and landowners, who serve their […]
Since this time last year, the number of wallets holding bitcoin has grown by a whopping 8 million, with this growth accounting for over 20% of all 38 million bitcoin wallets in existence. Getting into Bitcoin is one thing, but staying around long-term is a whole other ball game. Not only was the illustrious metal […]