on the blockchain

HODL waves

“The colored bands show the relative fraction of Bitcoin in existence that was last transacted within the time window indicated in the legend.” | learn more

on the blockchain

The case against Bitcoin

“Peter Thiel’s former portfolio manager says that the crypto narrative is built on half-truths and a nonchalance about the security provided by the nation-state.” | learn more

on the blockchain

Untraceable Bitcoin is a myth.

Last week’s link mused on exactly how the government recovered some of the Colonial Pipeline ransom. This week, Ezra Galston from Starting Line added additional perspective in the WSJ. “Bitcoin is anonymous, but it’s far from private—an important but often overlooked distinction. […]

on the blockchain

Bitcoin is not an inflation hedge

This critical analysis of a common belief among Bitcoin supporters has merit. “The inflation-hedge viewpoint is an article of faith in the crypto community. The logic goes that bitcoin will become the asset of last resort when inflation finally makes […]

on the blockchain

Not your keys, not your Bitcoin

Another $2 billion example of counterparty risk, this one from Turkish exchange Thodex. “Turkey launched an international manhunt for the founder of one of its major cryptocurrency exchanges after he stopped paying clients and fled the country.” | learn more