“Like any powerful technology, bitcoin can be used for good or ill. As proponents of the technology like to say, bitcoin is “money for enemies” because it’s a bearer asset that can be verified rather than trusted, and it’s hard to block payments for anyone. It’s like a commodity; something that can be partially regulated…
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“Fedi and Fedimint will help put monetary power back into the hands of everyone, everywhere,” said Fedi Inc. co-founder and CEO, Obi Nwosu, in a statement. “This creates brighter futures for billions and especially for those struggling under oppressive regimes, which ultimately makes the world a better place.” – Namcios The cypherpunk mission of Chaumian…
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“If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s strongly incentivizing market participants to…
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“Holepunch makes Hypercore more accessible by abstracting away low-level technical details of the protocol. It takes Hypercore one step further by simplifying the architecture and enabling more people to build apps with it — which enabled a single frontend developer to build Keet in under four months” – Namcios Keet is going to change the…
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“It’s not and never was about equality or perfection. It’s about fairness and consequence. Bitcoin is “Responsibility go Up” technology.” – Aleks Svetski The principles and rules of Bitcoin do not establish utopia, they do not create a perfect equality for all participants, instead it creates fairness and enforces equal responsibility on all who use…
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So what exactly did I get wrong in Guy’s Take #54, and why? Let’s dig back into the economic of CTV and transaction commitments, to clear up what I was misunderstanding around unrolling large batch transactions and who pays the cost of doing so. Are the incentives aligned or not? We discuss in today’s Guy’s…
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“This created a ticking time bomb with a very short timer. That money was going to “work” in completely artificial markets that were being driven by pure central planning insanity instead of actual fundamentals. As everyone and their mother who had excess cash was shoveling it into financial and real estate assets, global supply chains…
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“Several exchanges in the industry fuel bubbles for a quick buck as well. If something starts to get momentum, including meme coins like DOGE or SHIB that don’t realistically have a substantial future, they promote those coins to their users, which can suck retail investors into buying the bubble top. Plus, a lot of YouTube…
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“Despite all of these constraints, the free market finally provided the competition these incumbent banks so desperately needed. Bitcoin and the Lightning Network have arrived to show the world that we finally have the technology available to bring cheap global payments to everyone in the world.” – Sam Callahan Today we dig into the absolute mess of differing standards, wall gardens, high fees, jurisdictional conflict,…
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“Bitcoin is a lifeboat on the sinking fiat ship. Lifeboats on a sinking ship don’t need a marketing department.” – Francis P. As New York puts a ban on Bitcoin mining in the state, as the white house decides it’s going to come up with “Bitcoin mining policy guidance,” it seems like a good time…
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