Bitcoin In One Lesson

The intention of this post is to share very simply why Bitcoin works so well and why it will be the only cryptocurrency left standing by next year. To start, here’s a screenshot from the first page of the Bitcoin Whitepaper. Note I have highlighted the word System. This word is often overlooked when talking about Bitcoin. Drilling down on …

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A Bitcoin Call to Arms

On November 15 Bitcoin Cash hard forked when two developer groups¬†disagreed on the future of Bitcoin Cash. I covered the background¬†in this post. Read that for a primer on how we got here. When there are multiple groups competing to be the default ruleset and client used to run the Bitcoin Cash network the issue is resolved using Nakamoto Consensus. …

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HASH WAR!

Bitcoin Cash is headed to war. Actual Bitcoin Cash holder staring down the war machines. Who is at war? Bitcoin ABC, the Bitcoin client led by developer Amaury Sechet and supported by mining giant Bitmain is proposing changes to BCH. Amaury took the initiative to split away from BTC before Segwit was introduced, thus preserving Bitcoin as BCH. nChain, led …

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Bitcoin Isn’t Broken

If you listen to the narratives around Bitcoin you would think Bitcoin is seriously broken. There are so many groups fighting to fix Bitcoin! The truth is: Bitcoin isn’t broken. Simply put: Solving the Byzantine General’s problem and Proof of Work, which is critical to Bitcoin, is a once in a lifetime breakthrough that provides decentralization, network security, distributed ledger …

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BTC Bull or Bear

There are many Technical Analysts calling for a big BTC rally. Bullish case from popular TA guru masterluc: I am not convinced we can apply the previous log trend to the future of BTC for several reasons: BTC hit it’s scaling limit and experienced very high fees. Nothing has been done to address this matter. Lightning Network is still vaporware. …

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Small Payments are Big Business

There is a growing trend of using credit cards in place of cash. This is surprising given the fees and usability for credit cards for small payments. Many of us know that using credit cards online or in retail businesses is a poor experience and the experience is only getting worse. Do you swipe or use the chip? Do you …

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Mayer Multiple for Bitcoin Cash

Ask 100 market analysts when to buy or sell a Cryptocurrency and you’ll get 100 different answers. Some methods of valuation are better than others. One simple method I like is called the Mayer Multiple (MM). Trace Mayer is the man behind the Mayer Multiple but it’s on The Investor Podcast site where they’ve taken this metric to a new …

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Waiting patiently

This pattern will resolve soon. Conveniently around the same time as when BCH fork drama is resolved. (click for big)

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No Turning Back

Crypto is super weird right now. Bitcoin Cash is headed towards a critical moment. Summarizing from the highest levels there is a disagreement about future features to be implemented in November. On one side you have nChain, gaming billionaire Calvin Ayre and Dr Craig Wright. The BCH argument is Bitcoin Cash is money. Don’t mess with the base protocol, which …

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Manias, Bubbles and S Curves

In late 2017 I talked to Fly about doing an IBC Crypto Boot Camp. I created some content but didn’t follow through with Fly on organizing the Boot Camp. So, I’ll release the material I created for free. High level summary is that Crypto is in an S Curve of adoption. The bubbles along the way are expected and opportunities …

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