“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 works because of inflation. It keeps velocity up like hot

“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 fancy way of saying we net borrow fiat – to

“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 held by the Federal Reserve, National, and State banks to

“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 Bitcoin miners. However whenever there is excess energy, it gets

“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 election into which Bitcoin has irrevocably inserted itself.
Welcome

“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 Bitcoin plebs American HODL and DeaterBob. They’re on the same

“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 to be encouraged and braced up because when everything has

“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, they will not stop. So short of actually activating covenants

“I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From violating the sanctity of your personal information and restricting your financial

“Nothing in the ordinal logic requires inscriptions to be linked to the “first” sat. So why is it the first sat of the first output? Why not the second sat of the first output? Why

The principle that one should help men in an emergency cannot be extended to regard all human suffering as an emergency and to turn the misfortune of some into a first mortgage on the lives

“Many people insist that governments aren’t involved in censorship, but they are. And now, a whistleblower has come forward with an explosive new trove of documents, rivaling or exceeding the Twitter Files and Facebook Files

“A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability. No, it’s not doomed, but it probably won’t be used the way you expected it

“Clients applying this reasoning should remember that, in bitcoin, no one is too big to fail. There is no government or money printer capable of restoring lost coins, so there are no bailouts. Trusting a

“A recent anonymous proposal specifies a system using timelocked Bitcoin transactions and chaumian ecash mints to create an economic incentive for BitTorrent users to seed files.”
~ Shinobi

Bittorrent was one of the most

“The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company

“The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers