I want you to imagine a future world with me. This future world isn't governed by fiat money (government issued currency that isn't backed by a commodity such as gold). It's governed by a new form of money; It's governed by decentralized currency, namely, Bitcoin. In this hypothetical world everything flips on its head from … Continue reading The $100 Trillion Dollar Mistake
On the obtainability of Bitcoin, Picassos, Nathan C. Perry paintings, and the relative value of them all. Or, alternatively, Bitcoin is water. A hot topic that never ceases to stop on Bitcoin Twitter is the relative scarcity or abundance of Bitcoin. Bitcoin supporters say that Bitcoin is scarce and that's why it's valuable. Bitcoin critics … Continue reading On The Scarcity and Abundance of Bitcoin
Yesterday, Bitcoin busted through $50,000 per Bitcoin and today the bull run has continued past $52,000. Between a price of $53,000 and $54,000, Bitcoin will hit a market cap of $1 trillion. At exactly what price will depend on how quickly Bitcoin continues to increase in price (because 6.25 new coins are being mined with … Continue reading In Preparation of Bitcoin hitting $1 Trillion in Market Cap
I've been thinking a lot about Bitcoin as a monetary signal. To make a quick comparison this is like communications technology. Within communications technologies you have the signal (the true information you are trying to convey) and the noise (everything else). Most communications have some level of noise that impede the signal to some degree. … Continue reading Bitcoin as a Monetary Signal
Why did a tax attorney whose only real qualification is a deep passion for Bitcoin start this blog? I started this blog because I found myself incessantly posting on both Facebook and Twitter. I found that many folks who were new to Bitcoin and even some who have been in the space for awhile seemed … Continue reading Why did I start this blog?
Bitcoin Meditations 