“The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such as

“Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don’t spend it because they want it to go up. The dollar

“Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is

“This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds

“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over

“We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary

“You’re a thirsty bitch. You like to gargle Peter’s balls.”
~ DeaterBob

Merry Christmas! In this reboot episode, we revisit the infamous debate between

“There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need

“Regulators will continue coming down on those custodians, making more demands for information, more demands on restrictions for what users can do with their money,