“the fact that bitcoin is now legal tender in a country is absolutely astonishing. Yesterday, some nerds discovered a system that allows magic internet money

“There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history. It’s more mobile than gold. It

“Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining

“Farzan and her family traveled by foot, car and train thousands of miles through Iran and Turkey, finally making it to Germany in 2017. Along

“Bitcoin fails as a money b/c of its naive monetary policy. Many people think government printing too much is evil, so a fixed money supply

“This technology goes around blockades and government restrictions, it allows you to move value without trusting anyone, it connects you to the world, and it

“By all extant metrics in security system review, this system should have failed instantaneously, at every possible layer.
And, to be fair, it

“And it’s easier to sensa­tion­alize things for pageviews or polit­ical gain. For example, it’s commonly said that the Bitcoin network uses more energy than some

The word “fiat” is growing more aggrandized in the modern lexicon, however, despite its increasing popularity it is often ill defined or misused. I regularly