This space is suffering from a problem of inverted perceptions. What makes Bitcoin valuable in the first place is its decentralized nature. The fact that it is a distributed system, with no central point of control, no central point of influence, not even a central point of interface for itsContinue Reading
Follow Frank on X. Last week, Ulrich Bindseil and Jürgen Schaaf of the European Central Bank (ECB) published a paper entitled “The distributional consequences of Bitcoin” in which they made a host of dubious claims about Bitcoin. The notions that those who are late to investing in bitcoin are impoverishedContinue Reading
Yes, I know, you’re here to let the hate flow. You’ve bought all the rhetoric. Donald Trump likes crypto. He is embracing DeFi. He has his own shoes, and coins. He’s going to fire Gary! Like Polymarket in October, you think Trump is boo-llish. Unfortunately, you’ve bought a lot of another kind of bull. ToContinue Reading
Bitcoin has been steadily climbing since crossing the $60,000 mark and is currently hovering closer to the $70,000 level, a price it hasn’t reached in months. With the market sentiment heating up, investors are wondering whether Bitcoin has the strength to reach new all-time highs or if it will struggleContinue Reading
Follow Nikolaus On X Here El Salvador’s misguided critics got some new ammunition this week. A recent survey revealed just 7.5% of Salvadorans use Bitcoin for transactions, and that 92% of Salvadorans do not. But while some (cue: Steve Hanke) may look at these numbers and think “Oh, well thatContinue Reading
The Ford Model T has been invented, the automobile has arrived and nothing else must be done! A hand crank start motor, rear wheel drive only, wooden wheels, and transmission based braking system with no wheel brakes. Why would anyone need anything else? Who could need seatbelts? Proper wheel basedContinue Reading
So mempool.space recently added features to spot Runes and Ordinals transactions, and Bitcoin monetary maximalists totally lost it. As a Bitcoiner and observer of Bitcoin culture, this whole drama felt completely normal and predictable. Over time, an ideological split has emerged between Bitcoin monetary maximalists who see Bitcoin as onlyContinue Reading
FOR IMMEDIATE RELEASE | Bitcoin Magazine Announces Election Day Livestream, Supported by Stand with Crypto October 17, 2024 – Las Vegas, NV — Bitcoin Magazine, in collaboration with Stand with Crypto (https://standwithcrypto.org), is excited to announce The Road to Election Day, a groundbreaking Election Day livestream tailored to Bitcoin andContinue Reading
Too much of this space, and things being built around it, is centered around essentially mimicking the legacy financial system. There is not much being built trying to blaze new grounds. Micropayments, while admittedly something I’ve been very critical of due to the user experience of having to think aboutContinue Reading
Follow Nikolaus On X Here If you were tuned into the Massachusetts Senate debate last night, you would have noticed a key exchange between pro-Bitcoin candidate John Deaton and his rival Elizabeth Warren, leader of Washington D.C.’s “anti-crypto army.” When pressed by Deaton, Warren wouldn’t even defend herself. After lyingContinue Reading
