
Read_471 – The Speculative Attack [Pierre Rochard]
“My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will
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“My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will

“What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests on secure titles to ownership of a scarce good.” – Jeffrey Tucker
It can be incredibly

“With his choice of words, Taaki had outed an elephant in the room. It was true, Nakamoto had enacted soft forks, but by late 2011, the network no longer operated as it did in those

“Bitcoin is a battle ground to restore freedom, truth, and virtue in the world.” – Robert Breedlove
Another excellent piece from Breedlove, this time on the SwanBitcoin blog. The very purpose of money and

“But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources

“And replacing gold is just the start. Bitcoin isn’t just a better gold; because of its programmability, it’s a platform that will host the future of money. It will disintermediate many core functions in finance.”

Want to hear all of the bullish cases for Bitcoin? Protection for pensions, the fiscal cliff we are speeding toward, capital movement for the wealthy, a safe haven for corporate treasuries, a dominant millennial investment

“Taproot will unlock a new range of possibilities for Bitcoin, improving privacy and expanding smart contract possibilities”
The code has been merged, the client is on the way, and it’s time for the miners and

“It takes two nudges to convert a nocoiner. The vast majority of people got their very first nudge in 2017. These people are now primed for that second nudge, which is coming in roaring.” –

“Bitcoin is more easily verifiable than gold, in terms of being a reserve asset and being used as collateral. It’s more frictionless to transfer than gold, and has a hard-capped supply. And I like gold

“The logical construct behind the dissection of today’s evils is actually very simple: money is broken; fix the money, fix the world.” – Thibaud Marechal
The systemic imbalances of our monetary system are far deeper

“If any of these forks had meaningfully gained ground relative to Bitcoin, the critics would have had a point. What’s the point of a monetary network which is undergoing a constant state of fragmentation?” –

“One can use a “brainwallet”. Refugees need to carry nothing with them, all they would need to do is remember a Bitcoin wallet passphrase. Funds, potentially millions of US dollars, can therefore be effectively stored

“Lightning Labs is positioning this release as a step toward an ecosystem of Lightning-based financial products, which it called “LiFi.” – Peter Chawaga
A new ecosystem has just begun. With Bitcoin native financial markets,

“When governments play God, civilizations burn in Hell.”
– Robert Breedlove
The 3 pillars of free markets all hinge on fair, honest, reliable money. Without it, monumental errors within the markets are unable to

“I believe Bitcoiners have this in common. They recognize that they have undertaken a near-hopeless task. Creating a global, neutral, apolitical settlement medium and standard of value will not happen overnight. We have barely begun

“Individuals can opt-out of their local currency by joining the Bitcoin life raft. Protect purchasing power, rather than go down with the sinking ship that is their state.” – Brandon Quittem
A fascinating journey through

“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.” – Nic Carter
What do all the “boiling oceans”
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