GIGI | MAR 2021 – Decentralized systems, by definition, do not have a single source of truth. Satoshi’s breakthrough was to build a system that allows all participants to zero in on the same truth independently. Proof of work is what allows this to happen.
Cosmo Crixter | NOV 30, 2022 In response to the article “Bitcoin’s last stand” published in the ECB Blog on the same date. It is…
June 2022 Bitcoin is down almost 70% from its all time high so maybe it’s a good time to zoom out …
This is why Satoshi chose to build a system with an unchanging soul. This is why the rules have been “set in stone” since day one. (Post with Frederich Hayek’s famous 1984 video).
Gigi’s introduction to his 21 Ways to Look at Bitcoin project. “Bitcoin is different things to different people”. The first time I’ve heard this sentence, I immediately realized its profound truth. How you look at Bitcoin – and how you understand and describe it – depends largely on your view of the world …
From Gigi’s 21 Ways Project. “Above all, Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn’t really about technology. You can’t touch it, yet it is hard money. You can’t see it, yet it will show you a vision of the future …
LYN ALDEN, NOV 1, 2021 @Swanbitcoin – One of the concerns I’ve seen aimed at Bitcoin is the claim that it’s a Ponzi scheme. The argument suggests that because the Bitcoin network is continually reliant on new people buying in, that eventually it will collapse in price as new buyers are exhausted.
So, this article takes a serious look at the concern by comparing and contrasting Bitcoin to systems that have Ponzi-like characteristics, to see if the claim holds up.
The short version is that Bitcoin does not meet the definition of a Ponzi scheme in either narrow or broad scope, but let’s dive in to see why that’s the case.
LYN ALDEN – Originally published: November 2021 I’ve been asked a number of times for an update for my views on Ethereum since my January 2021 article on the topic, which received over a quarter million reads. In that prior article, I described Ethereum, explained areas where I was bullish, but also expressed my fundamental concerns with it. The overall …
NIK BHATIA, SET 15, 2021 – Lightning Network, enabling instantly settling bitcoin transactions, is the secret ingredient …
ALEX GLADSTEIN , JUL 4, 2021 – Has America strayed from its founding ideals? An activist and a refugee think Bitcoin can help it get back on track.