Don’t fall victim to Shiny Object syndrome like the Ethereum huffers and ‘magical blockchain dust’ people. At the CoinDesk Consensus 2018 conference today, there was an exchange between Jimmy Song … Continue Reading Bitcoin 1.0 vs Shiny Object syndrome
Today I was shocked to see the CFO of the Commonwealth Bank of Australia suddenly resign to go join a crypto start up called Block.one, the seller of the EOS token. This … Continue Reading The Crypto Over-reach
One of the world’s top bitcoin maximalists, Pierre Rochard, is launching an advisory service, Bitcoin Advisory. See this tweet in response to a related news article, “Maximalist for Hire” @ … Continue Reading Why we HODL
On Tuesday night, the Australian government budget announcement brought news of a ban on physical cash transactions above $10,000 AUD from 1 July 2019. So obviously there are big individual … Continue Reading Why the Australian government war on cash won’t stop, but it will help Bitcoin adoption
Blockchains are not useful as a technology (unless you want to make a censorship resistant, decentralised money such as bitcoin). In tonight’s Australian Federal Budget for 2018-2019, we see this … Continue Reading Australian government falls for the blockchain scam
In the Bitcoin vs Bcash debate today I saw this thread go down. It will go down as a legendary tweet storm so take a minute to click through and … Continue Reading Giacomo’s thunder storm
Some quick background for anyone newer to bitcoin: There was a group who split off from the original Bitcoin blockchain in August 2017, into a chain they call “Bitcoin Cash” … Continue Reading ‘Theoretical’ or not, Bcashers are still deceptive
I saw this tweet thread by Tushar Jain at Multicoin Capital and it spurred some thoughts: 0/ Blockchain will first redefine what assets are considered money. Then it will actually … Continue Reading Velocity and demand to hold money
Bitcoin is going to become the global standard for money and you need to understand the how and why. The single best book I can recommend to you is The … Continue Reading Book Review of The Bitcoin Standard by Saifedean Ammous
It is simply amazing how quickly the bitcoin world is evolving. We’ve gone from having one large exchange (Mt.Gox) being able to take the whole space down with it in … Continue Reading Bitcoin exchange attack survival of the fittest
A common error in crypto land is the confusion between method of payment, and Medium of Exchange. They’re distinct concepts! Let’s use a basic example: I want to pay you … Continue Reading Method Of Payment Is Not Medium of Exchange
Offering a few quick thoughts on the recent Mt.Gox trustee news: Meet The ‘Man’ Who Crashed Bitcoin In 2018 from zerohedge. The recent bitcoin price crashes were possibly driven by the … Continue Reading Thoughts on Mt.Gox trustee mass bitcoin sales
Today, Coinbase announced a new index fund tracking digital assets listed on the Coinbase exchange, GDAX. It is limited to US accredited investors only, which does reduce the number of … Continue Reading Coinbase creates an index fund
Article link – The Blockchain Pipe Dream In short: Nouriel and Preston are tarring the entire space with one brush. They’re correct that there’s a lot of overhyped products in … Continue Reading Video breakdown of article “The Blockchain Pipe Dream” by Nouriel Roubini and Preston Byrne
Links: Bitcoin rich list Are you in the Bitcoin 1% ? A New Model of the Distribution of Bitcoin Wealth Piketty’s Capital: Wrong Theory/Destructive Program
At this point in Bitcoin’s journey, we’re now getting central bankers attempting to trash bitcoin as a money. See Mark Carney’s comments in this speech at Bloomberg here: Cryptocurrencies are "failing" … Continue Reading Old Man Carney Yells At Bitcoin
