“Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity
“Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking” assets. In 2021, these OFI
Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes resilience in the markets, and
“and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their
“Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same year when he dissented in
Bitcoin is ultimately just a piece of software, the network – the global, censorship resistant, immutable system – is ultimately just a collection of millions
“The question that the fiat system answers is the following: who is allowed to counterfeit currency, and how much? Further, who is allowed to have
“The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as
I joined John today for an over 2 hour rip on the nature of Bitcoin, numerous technical developments, the trade offs of those in the
There is no magic wand. There is no such thing as a free lunch. When we bail out an institution, a bank, or “depositors” for
“One aspect that is still massively under-utilized is the programmability of Bitcoin. While simple things like scheduled payments and automated payment splits do exist, we
“One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment where trust is lacking (including
Bitcoin Audible brings the signal through the noise. Deep dives, bold takes, and the future of money—one episode at a time.