But the deeper you dig into the Bitcoin rabbit hole, the more you realize that Satoshi Nakamoto even implemented some mutually exclusive properties simultaneously: freedom of privacy and property rights. We first find the “barbed wire” analogy in one of the shortest but most exciting texts of the cypherpunk movement, the aforementioned “Crypto Anarchist Manifesto.” […]
Compared to new-generation blockchain platforms like Cardano, Ethereum or Solana, Bitcoin was never intended to host applications on its base layer. Bitcoin’s core architecture is as simple as it gets, which makes building anything on it difficult, at least until now. Without getting overly technical, Turing completeness is a concept that denotes a machine’s ability […]
Things haven’t improved in 2022 as the lira has suffered since Russia invaded Ukraine as sanctions and export bans have resulted in soaring commodity prices. The central bank estimates that inflation will only be 23.2% YoY by year-end, but that estimation was made assuming the price of crude oil would be around $80 per barrel. […]
However, Nakamoto’s invention, through the usage of the Proof-of-Work mechanism in a distributed ledger, enabled computers running a piece of software to enforce strict spending conditions that prevented a digital representation of value to be spent twice for the first time – or at least made it prohibitively expensive to do so. While miners and […]
“Adoption is going to come from people who have fiat in their bank account, and they need to get it into Bitcoin,” Pierre Rochard, Bitcoin product manager at Kraken, told Bitcoin Magazine. Kraken joined the Lightning Network with its own Lightning node. Lightning enables cheap and fast bitcoin transactions by leveraging smart contracts to abstract […]
We meet here in this dark corner of the Internet a little less than two months away from the 5th year anniversary of the New York Agreement, which led to a Summer of heated battle between major corporations in the Bitcoin space who believed they could instigate an arbitrary doubling of the block size and […]
Rather the education structure employed by most of the civilized world 1) creates an environment that picks winners and losers much like the fiat monetary system, 2) has not kept pace with the rate of technology and information growth in subject matter and infrastructure, and 3) discourages free thought while driving its participants to capitulate […]
Srinivasan takes a look at the global picture when he says, “I think it’s clear we’re seeing Bitcoin adoption in Nigeria, in India and around the world. Back discusses the multitudes of announcements from institutions releasing products, governments clarifying regulations and city governments creating policies to bring development to their region. …Read the full story
Gox exchange, only to be followed by a “stairway to hell” pattern that would take the price to $2.10 in a several months’ time. Who wouldn’t want to stack some bitcoin at $30 dollars, right? Of course few back then could anticipate that in ten years, bitcoin would sit around $50,000; that’s why after that […]
Peterson, clinical psychologist, best-selling author, and host of The JBP Podcast, to discuss money, economics, incentives, decentralization, Bitcoin, and fiat currency. Ammous walked through many of the nuances of Bitcoin, including its technology and economic dynamics, shedding light on plenty of reasons why the monetary system is unique. Peterson asked thoughtful questions, which were explored […]
in 2018, Fidelity Digital Assets, which has since provided institutional investors with bitcoin custody and trade execution services. …Read the full story
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. There’s a new paradigm unfolding among the large public bitcoin miners: They don’t want to sell their bitcoin, and they also want to acquire more. One strategy is to loan out a portion of their bitcoin holdings, thus earning […]
“Hyperbitcoinization won’t magically happen on its own,” said John Carvalho, CEO of Synonym, in a statement sent to Bitcoin Magazine. At launch, Synonym is releasing Slashtags, a protocol that leverages a web of trust model to create interoperable, uncensorable networks connected via encrypted private channels and feeds. The company, which Tether Holdings owns, is also […]
But there weren’t as many bubbles at that party as there have been bitcoin bubble-critics, some of whom are world-renowned intellectuals. I can’t help but look at these critics in the same way I looked at the kids at my son’s party. It is entirely true that bitcoin did, at various stages in its 13-year […]
If Bitcoin proves to be as important a technology as I think it is, then the CCP’s decision to ban bitcoin mining could prove to be the biggest geopolitical faux pas of the next decade. and China have been at loggerheads in recent years with flashpoints over controlling companies, tariffs and trade, Xinjiang, the Olympics, […]
We cover what Gresham’s law is, how it relates to bitcoin, and whether bitcoin exhibits characteristics of good money as it relates to Gresham’s law. Investopedia states: “Gresham’s law is a monetary principle stating that ‘bad money drives out good.’ It is primarily used for consideration and application in currency markets. Logically, people will choose […]
What bitcoin offers us is a nontraditional base unit, both in the network and asset, upon which we can expand ideas which were normally unchallenged, at least in the mainstream. I didn’t go to any special STEM high school, so being in engineering school was my experience being completely surrounded by computer nerds. Through interviewing […]
In centralization, we have seen only masks; we have seen only rogues who deceive fools; charlatans who come to governments to get some money, who send men to war while they go in to plunder their refrigerators with impunity, who plunge them into poverty through taxes, credits and debts, and who force them to pay […]
The Baruch Plan was rejected as Russia realized the plan would give the US a decisive strategic advantage of nuclear armament, or at the very least an unfair authority to police atomic weaponry with controls and inspections under the guise of the United Nations, where Stalin knew Russia would be easily out voted in the […]
What fuels a bull run? Much talk has been made this month on the futures market of bitcoin, with a groundbreaking paper ETF now multiple weeks in existence and a filing of a spot ETF from Grayscale with a presumed imminent approval by mid-December. As more and more of these bears get slaughtered by the […]