Bitcoin myths: immutability, decentralisation, and the cult of “21 million”
Decentralisation was always a phantom. Every process in Bitcoin tends to centralisation. Plus: a history of Bitcoin Cash.
Tag: lightning network
El Salvador passes its Bitcoin Law — and it’s a Tether scam
The El Salvador Bitcoin scheme is a barely-planned smash-and-grab.
El Salvador to adopt proprietary payment network denominated in Bitcoin
Dictators are good news for Bitcoin, as long as number goes up. The Lightning Network is also involved.
News: Coinbase goes public, Bitcoin hashrate goes down, NFTs go down, proof-of-space trashes hard disk market
SUBSCRIBE TO THE PATREON, OKAY? Love ya!
News: McAfee and BitMEX busted, don’t pay your ransomware, Morgan Beller leaves Libra, SEC beats Kik
Crypto asked for regulatory clarity, and they’re getting it! Good and hard.
News: London Football Exchange and Perth Glory, Ripple pays MoneyGram to be its friend, Libra not dead, IOTA still halted, Sweden’s not-a-CBDC
“I think sophisticated market investors can judge for themselves if 2+2 makes 5, or even 6. As Bruce Springsteen sang, ‘it’s just like Sister Ray said.’”
News: Hester Peirce and Bruce Springsteen, the $350,000 DeFi hack, FCoin exchange collapse, Voatz still bad, IOTA still broken, merchants still nonexistent
“It has been [0] days since the last inexplicably rare loss of customer funds from a Bitcoin exchange”
News: Jacob Kostecki and Massive Adoption, Quadriga, Vodafone hangs up on Libra
When you’re a serial foulup — with other people’s money, not just your own — running a conference is ill-advised.
News: Bitcoin trading near-dead, MooCowMoo does a Dash, Lightning Network, CBDCs are a bluff, Keybase alienates users
I must say, I was sorely disappointed to hear such disconcerting news about esteemed senior financial adviser … (checks notes) … ah, “Moo Cow Moo.”
News: Bitcoin crashes despite Bakkt, Crypto Rating Council, Libra, Tether stay, Kik shuts down Messenger, Craig Wright’s apparent plagiarism, CoinDesk shakeup
Watch me debate Bitcoin as a reserve currency tomorrow!