Bitcoin is Venice

Bitcoin is Venice

“Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it...
An Economic Analysis of Ethereum

An Economic Analysis of Ethereum

“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs” by developers have changed its monetary policy over...
How this Bull Run is Different

How this Bull Run is Different

“People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“ ). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior.” –...