The value of bitcoin is often misunderstood by those who are new to the bitcoin space. Many people believe that the value of bitcoin is solely determined by its price, which can be volatile and unpredictable. However, this is a narrow and misguided view. The true value of bitcoin lies in its underlying principles and […]
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One of the most important uses of money is to conduct trade and business within our own local economies. Thanks to the internet, we are now able to conduct trade at massive scale across borders with nothing but a smart phone. One of the biggest problems with trading all across the globe is that we […]
The advent of Bitcoin has revolutionized the way we think about money and its creation. For centuries, the power to create money has been held by central banks and governments, giving them significant control over the economy and financial systems. However, with the emergence of Bitcoin, this paradigm has shifted, and for the first time […]
The rise of Bitcoin has been a subject of fascination for many, with its digital coins and promise of a new era of financial opportunity. However, the real innovation behind Bitcoin is not the digital coins themselves, but rather the trust machine that mints them. This trust machine, the real underpinning of Bitcoin, is a […]
In the ever-evolving landscape of finance and technology, Bitcoin has emerged as a revolutionary force, capable of reaching corners of the world where traditional banks find it challenging to tread. The fundamental distinction lies in the nature of their operations: banks, driven by the need to generate profits, are often deterred by the costs associated […]
The term “open source” is one that you’re likely to hear a lot in the Bitcoin community. It means different things to different people but there are a few core ideas that appear to be important to open source supporters. All open source projects seem to be run by the people who use them. One […]
For those of us who live in the developed world, we often take for granted how our monetary systems work. We think that anyone can go to the bank and open an account and have access to all of the things in life that we use in our daily lives. Well, that’s not the reality […]
Back in 2009, Bitcoin was published as a sort of open-source peer-to-peer math experiment for cypherpunks and utopian technologists. Since then it has grown to be something much more than that. It has proven itself as the most sound form of money in all of history. For this very reason, it will also prove to […]
Bitcoin has value for many reasons but one of its most commonly cited use cases is as a safe-haven asset. Bitcoin is like a bank account that is not subject to the laws of any single jurisdiction which is one of the many reasons it has become a safe-haven of choice for many savers and […]
“Paper is poverty. It is only the ghost of money and not money itself.” This is a direct quote from a letter that was sent from Thomas Jefferson to Edward Carrington in 1788 in reference to the creation of banknotes. Paper money seems to work for a number of economies around the world so what […]