What Is Proof of Liabilities?
Two cycles ago, few in the Bitcoin community knew or cared about Michael Saylor and his software analytics company, Microstrategy (now renamed to just “Strategy”). But what has become a stock market darling in 2024/25 started as a stagnating company trying to figure out what to do with $500 million in cash equivalents at a […]
Why Corporate Bitcoin Competition is Good for Plebs
The Bitcoin space is buzzing with news of yet another corporation announcing its “Bitcoin treasury strategy.“ It’s the hottest trend since slapping an AI on your business and is starting to approach the phase where fundamentals don’t matter, drum up a Bitcoin SPAC and let’s start selling bonds or preferred equity. Every week seems to […]
What Is A Bit-life Crisis?
It starts innocently enough. A casual mention at a dinner party. A cryptic tweet. A late-night YouTube video that somehow keeps you scrolling until 3 AM. Before you know it, you’re neck-deep in technical whitepapers, arguing with strangers on Reddit about monetary policy, and calculating your savings in satoshis instead of Dollars. You gobble up […]
The Risks Of Stablecoins On Bitcoin
Stablecoins are by no means a new idea; the first version of it was launched nearly ten years ago, in 2014, with BitUSD issued as a token on the BitShare blockchain; this was an algorithmic stablecoin backed by the debt of another third-party token BitShares, which faded into obscurity as did many of the early […]
Cryptocurrencies Are Digital Fiat Replicas
Like many of you, I found bitcoin but was not ready for it yet. I didn’t fully understand the fundamentals, such as the trade-offs for true decentralisation, its tether to real-world expenditure via electricity consumption, and its monetary policy based on fixed supply. It was all too foreign a concept, and I was here for […]
50 Years Of Fiat – When Bitcoin Standard?
Over the last week, I saw a lot of people share the “significant milestone” of 50 years since the US Dollar (and all other fiat currencies by association) moved off the Gold Standard in a so-called “temporary measure”. On Aug 15th 1971, President Nixon made his announcement which gave central banks more control over “managing” […]