Bitcoin’s continuing failure to substitute for gold
Bitcoin maximalists think Bitcoin is the perfect substitute for gold. Not even gold fans listen to them. But what would it take for Bitcoin to achieve this?
Tag: bitcoin
“Welcome to the Blockchain”: my slides from Berenberg’s “Blockchain: From Hype To Reality”
I did a talk today — here’s the slides. Explaining blockchains, why Bitcoin fans are like they are, and blockchain use cases in business.
Saifedean Ammous: The Bitcoin Standard — making the Austrian School case for Bitcoin
How Bitcoin fits the theology and virtues of Austrian economics — a plea to Austrian School nocoiners to take Bitcoin seriously.
Debunking ‘But Bitcoin is like the early Internet!’
Of course it isn’t like the Internet. But this claim keeps coming up. Includes technologies Bitcoin and blockchains are actually comparable to.
News: NiceHash, credit cards cut off cryptos, Ethereum predictable “random” numbers, deanonymising Tor, Bail Bloc
With nice writeups of my book and related books.
Notes from the crash: watching the Bitcoin pumps and dumps live on GDAX
If you know what you’re looking at, the GDAX depth chart is absolutely gripping. It’s like an action thriller movie for very dull people. If you ever wondered why I don’t trade in cryptos …
News: 450m Tethers this week, BitConnect shuts down, GPU miner viruses, US Treasury, unbanking the banked, altcoin fraud
And James Altucher claims to know who Satoshi Nakamoto is, and that he reads Satoshi’s blog daily. Huge if true.
‘Tis just a seasonal dip! Watching the Bitcoin fire from a safe distance — what just happened
The price of Bitcoin started collapsing this morning. I’m not going to be so foolish as to call it, but I am saying “I told you so” — the only actual money people will get out is actual money that other people put in.
News: KodakCoin, Hydro-Québec, South Korea, Bitcoiners don’t take Bitcoin, Lightning Network, Ethereum woes
I spend too much time on Bitcoin Twitter. Yes, I know I did this to myself.
Bitcoin mining being pushed out of China: what’s happening, and how the shutdown’s being managed
China is worried about crypto mania affecting the real economy. So they’re pressing Bitcoin miners toward a phased shutdown, and ending subsidies on electricity and land.