For centuries it has been privileged knowledge that whoever controls the people’s means of exchange, controls the people. Luckily, that power dynamic is being challenged by an open-source math equation known as Bitcoin. For the first time in the modern history, the power over centrally issued money and physical control over money is being shifted […]
Physical money like coins have been a staple of monetary systems since metals have been being forged. One of the reasons why coins have been the basis of such great money systems is because coins cannot be printed into existence on a whim. It requires lots of work to produce coins which is exactly what […]
One of the most common misconceptions that I hear in the bitcoin space is that “If you don’t spend your bitcoins, then it will never reach mainstream adoption”. While it’s good to use your bitcoins as a medium of exchange, the only way that mainstream adoption will ever be possible is if someone else first […]
The internet is a global economy that transcends nation states and political borders. PayPal, Square and other FinTech companies have enabled entrepreneurs around the world to transact business electronically but these services along with all other payment networks are centrally operated and subject to countless laws across a multitude of jurisdictions. What the internet needs […]
What is money? Lots of people have confidently told me that “money is the root of all evil” yet when I ask them what money is, they can’t seem to come up with an answer. Why is it that so many people seem to think that money is innately evil? Why doesn’t anyone understand what […]
Bitcoin has been dismissed by economists, news agencies, banks, politicians and countless other skeptics around the world as a Ponzi scheme, a joke, “fake money” and more. But what they all fail to realize is that bitcoin is just an open-source software that doesn’t care what they think. It is the most influential math experiment […]
In our hyper-connected tech world we have probably all heard a number of buzzwords that are related to cybercrime. Identity theft, ransomware, hacks, leaks, fraud, viruses, phishing, forgery, malware and spam are all terms that we either hear on the news or the latest primetime tv drama and that is because cybercrime is evolving at […]
Since it’s inception back in 2009, one Bitcoin has gone from being worth absolutely nothing to being worth 1/10,000 of a pizza to achieving parity with the US dollar and reaching an all-time high of $1,271 (which at the time was worth more than one troy ounce of gold – $1,201.91). It is the limited […]
Skeptics are eager to criticize bitcoin because they claim that it doesn’t have any “intrinsic value” and therefore can’t possibly be money. What they fail to realize is that bitcoin has a market utility that no other form of money in history has ever had. That’s a bold statement so let me show you why […]
Bitcoin adoption is accelerating around the world and soon there will be more smartphones than bank accounts. Tech giants like Google and Facebook have plans to speed things up by targeting emerging markets to bring over a billion new users into the internet economy. These next billion users are going to need the means to […]