Bitcoin was first unveiled in October 2008 by pseudonymous developer(s) known only as Satoshi Nakamoto. The network went live two months later with the genesis block carrying an embedded message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, referencing the Times of London headline that day.
This etched into immutable form the ethos of Bitcoin as being specifically opposed to the controversial practice of quantitative easing (QE) and government bank bailouts at the height of the 2008 / 2009 financial crisis.
Bitcoin questions the very foundation of our debt-based modern-day global financial system, as it teeters on the edge of crisis with record low interest rates and unprecedented negative yields on government debt. At it’s core, Bitcoin offers the individual freedom from this high-level institutional collusion, over which ordinary people otherwise have no real control.
- Another Disingenuous Bitcoin Critic.I suspect that the reason why some authors do not adjust their perspective is because Bitcoin challenges some of our most basic assumptions. Can human beings govern themselves, if given the right tools? Or are we by nature barely capable of surviving unless controlled by powerful authoritarian forces? Depending on your answer to those questions you may or not (knowingly or unknowingly) choose to ignore the reality of Bitcoin. To preserve the integrity of your existing belief system.
- Bitcoin is Extremely Volatile. And that’s Completely Normal.The argument that Bitcoin is too volatile is a tired argument. Do yourself a favour and take a step back. Bitcoin, a world first that was invented just over a decade ago, is being priced in a currency with more than a century of governance behind it. Which one of those two would you expect to be more volatile?
- Is Bitcoin Really Bad for the Environment?As with many things in life, people always want simple answers to questions, even when reality isn’t simple at all. Is Bitcoin bad for the environment? The simple answer is no. But the reality is far more complicated.
- Did Satoshi celebrate his birthday?What kind of a person has the mental, moral and emotional fortitude to watch from the sidelines, in silence, while their invention changes the world, without taking a shred of credit or fame along the way, instead choosing to forego untold riches in exchange for the possible realization of what was, at least to begin with, little more than a fragile promise of freedom? “Who does that?” you ask. Satoshi did that.
- Bitcoin. It’s not just a Hedge. It’s a Wedge.Investors are increasingly waking up to the reality that their fiat cash reserves are melting ice cubes. As a result hard assets like Bitcoin are gaining traction as a hedge against inflation. However, Bitcoin isn’t just a hedge against inflation. It’s also a wedge that’s forcing open and widening the cracks in a world where true power and control is hidden behind a facade.
- Mirror Trading International (MTI) is SuspiciousIf you wouldn’t trust a heart surgeon who doesn’t know the difference between a ventricle and an atrium, then you shouldn’t trust Mirror Trading International (MTI) They claim to use Bitcoin as a “base currency” and yet their publicly advertised understanding of Bitcoin is grossly lacking.
- Bitcoin is NOT Anonymous.Many myths persist about Bitcoin. One of the most widely believed, yet deeply mistaken, being the idea that Bitcoin is “only-used-for-buying-things-that-are-illegal.” Because it’s anonymous. The fact of the matter, however, is that Bitcoin isn’t actually anonymous at all. The movement of individual coins can be precisely traced.
- Heads up. There’s another Bitcoin frenzy incoming.Bitcoin is approaching new all-time-highs and, within the next month or so, is set to surpass the record seen during the last frenzy of 2017. This will mark the early stages of the impending 2021 frenzy. But, if you’re asking yourself whether you should invest in Bitcoin or not, and whether you should invest now or later, you’re asking yourself the wrong questions.
- Bitcoin is Not a Scam.If you’ve heard about Bitcoin and you’re only somewhat familiar with it, chances are you’ve heard all about all the scams that are associated with Bitcoin. And if this is all you’ve heard about Bitcoin, then chances are you think Bitcoin itself is a scam. But this couldn’t be further from the truth.
- What is the significance of Central Bank Digital Currencies?The development of CBDCs is interesting because Bitcoin was designed to improve upon state issued fiat currencies and the sudden emergence of CBDCs show that central banks realize this.
- Democracy falls short. Don’t vote. Choose Bitcoin.Bitcoin is the democratization of money because for the first in the modern era, there is an alternative form of money available.
- No. You cannot get rich by copying and pasting more Bitcoins.When first wrapping your head around the idea that Bitcoin is money, but that it’s effectively stored entirely on personal computer hardrives, it’s important to understand that, for the first time ever, we have a system of digital information wherein all the information is verifiably unique. Simply put, a unit of Bitcoin that is used […]
- Bitcoin. What is its core value proposition?Bitcoin is decentralized. No single entity can control it. It is a truly global, friction-less and permission-less payment system with a very low barrier to entry. Anyone with a basic internet connected device can store, receive and send unlimited amounts of value anywhere in the world.
- Bitcoin. How does it work?Individual Bitcoins (or multiples and fractions of a Bitcoin) are in fact tiny computer programs recorded on an open ledger and controlled by private cryptographic keys.
- Bitcoin. What is it?Bitcoin is different because there is more certainty than there is with anything else. That being said, there are off course no guarantees. Life itself is uncertain. But what the creator(s) of Bitcoin did was to to take as much uncertainty out of the monetary equation as possible.