on the blockchain
Less than infinitely hostile to cryptocurrency.
“I’m no true believer. But I’m less than infinitely hostile to crypto. This is becoming a pretty rare position, so let me explain why…” | learn more
Tag: cryptocurrency
on the blockchain
Binance launches proof-of-reserves system for BTC holdings.
“Cryptocurrency exchange company Binance has released a new site that explains its proof-of-reserves system. The company is starting with BTC reserves. Right now, Binance has a reserve ratio of 101%. It means that the company has enough bitcoins to cover […]
on the blockchain
Stablecoin mechanisms and use cases.
Patrick McKenzie (aka patio11) reluctantly talks about cryptocurrency. “In principle, you could use stablecoins as money, like how you use deposits as money. Stablecoins are not used like money; rather than facilitating almost the entire diversity of transactions in the […]
on the blockchain
An anatomy of Bitcoin price manipulation.
This gets detailed! “I show how price manipulation to liquidate traders is done in cryptocurrency markets. I point fingers at people.” | learn more
tech, startups, internet
Eye-scanning silver orb cryptocurrency.
“Over the summer, the world learned that tech investor Sam Altman was plotting to co-found a new startup that struck many as dystopian, albeit light on details: a cryptocurrency called Worldcoin that is distributed by scanning people’s eyeballs with an […]
fun facts
The disastrous voyage of Satoshi, the world’s first cryptocurrency cruise ship.
“Last year, three cryptocurrency enthusiasts bought a cruise ship. They named it the Satoshi, and dreamed of starting a floating libertarian utopia. It didn’t work out.” | 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
Crypto Sci-Hub and the decentralization of science
“Open and publicly accessible research graphs can also have their own network-native crypto incentives. This might create novel funding models for curation, and shift the world of scientific research from a US-government-centered, dollar-funded, institutional model to a decentralized network of […]
on the blockchain
Maren Altman is TikTok’s wildly popular cryptocurrency astrologer
“Her most intriguing videos apply astrology to a particularly daunting realm: cryptocurrency. Anything with a verifiable birthday or creation date has a birth chart that can be read and, according to astrologers, gleaned for predictive information.” | learn more
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 […]