In this 30-minute explainer video, Lyn Alden takes a step back through history and looks into the intricacies of money and banking, offering an answer to an overlooked but extremely important question: What is money?
Lyn Alden goes back to first principles to answer this question, helping us to understand the importance of Bitcoin, specially in the current macro economic environment.
LYN ALDEN, August 2021, updated December 2021 – Bitcoin’s energy usage is a rounding error as far as global energy usage is concerned. And I mean that literally; when scientists estimate that the world uses a certain amount of energy in a given year, they can easily be off by a couple percentage points in either direction, let alone a couple tenths of a percent. Bitcoin is estimated to use less than one tenth of one percent.
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 …
We interact with Bitcoin in a completely different way we interact with regular fiat money. So if you’re new to Bitcoin you have to be careful and take some time to learn how to buy, store and make transactions.
Start with these 5 top tips for beginners from Ben @BTCSessions YouTube Channel.