Recently, I wrote an article about a couple of scenarios that could, theoretically at least, have the power to stop Bitcoin.
Right at the start, I dismissed most of them, because although they were once considered possible, they are probably not viable at this stage.
Inevitably, this lead to a series of questions, comments and counterarguments as to why they should not have been discounted in a mere paragraph or two. So it seems sensible to revisit the ones that were dismissed summarily without representation and formulate a longer response.
And it’s probably even more sensible to do it in…
Twelve years ago, when Bitcoin was in its infancy, it was very vulnerable.
Stopping it would have easily been accomplished in a number of ways. For example, any simple low level law, even if it was vague and inefficient, would have sent a message from the establishment that any further development on it would be pointless.
Perhaps someone with a couple of decent computers could have just kept hi-jacking the blockchain or simply stopped others mining via any sort of hacking action — a fairly straightforward task since the entire Bitcoin network was managed by little more than a few…
On Aug. 15, 2021, the money we use officially turned fifty years old. In human terms, this is an important milestone, but in the financial world celebrations were, well, muted.
Of course, there has always been and always will be money in some form, but only a relatively small number of people understand that the money we use on a day-to-day basis is barely out of the “experimental” stage.
In fact, I am personally older than our entire global monetary system, a thought I find utterly fascinating to this day.
Back in June 2020 I wrote an article looking at the latest research (at the time) at how fast Bitcoin adoption was happening.
The article gained tens of thousands of views and is still regularly picked up a full 12 months later, presumably because the title fits nicely into a very commonly phrased question that many put to Google.
I should point out this this was entirely by accident rather than by design, but, in my defense, it was also one that I had typed myself at that time in an attempt to find a straightforward answer to what, surely…
It’s incredible to me that there are still people who think Bitcoin has no use case.
It’s an extraordinarily difficult position to try and defend even under any cursory examination, but nevertheless, even in the face of accelerating adoption by individuals, corporations, institutions and even countries, there are still some who maintain it doesn’t do anything.
I’ve written about Bitcoin’s use case before, and most of us are aware of the positive and revolutionary changes that a global monetary system could have on humankind going forward, but even so, there’s one more utterly fascinating — and entirely unique — application…
Preface: I appreciate it’s unusual for someone who is a top writer in Bitcoin, finance and economics on Medium to randomly publish an article about cats, but well, even economists have furry friends! This story is also very relevant to many people who are gong through a difficult time with this outbreak in the UK. If you’re a cat owner (whatever your day job) you might want to read this and be informed.
The other reason is that this long article will, hopefully, answer most questions that people have asked us through the support groups and directly. …
This morning, at short notice, I was asked to appear on Asharq Business, Bloomberg’s Dubai broadcasting division, to “discuss Bitcoin” on their flagship business program.
To be honest, I always get a little nervous before a live TV interview. It’s one thing to make a gaff when explaining something to colleagues or at an event, it’s another to do it on live TV on a clip that can be re-run ad infinitum. It’s not happened yet, thank goodness.
Well, at least as far as I know anyway.
The added complication with foreign media, of course, is live interpretation. My Arabic…
I couldn’t go to Miami’s Bitcoin Conference this year because post-COVID-19 travel restrictions from the U.K. meant it was just way too complicated.
Like thousands of others, I had to settle with the livestreams instead which, if truth be told, didn’t succeed in reducing my desire to be there.
In fact, it had the opposite effect.
On the Saturday, having been given a heads up by various heavyweight Bitcoiners that “something big” was coming, my other half and I watched Zap founder Jack Mallers’ emotional speech live as it unfolded.
The tears from Jack were entirely genuine, and we found…
Now I should be clear. I don’t do negative, disrespectful or personal assaults on people or their views on Twitter (or, in fact in real life) because I think it’s unprofessional, unnecessary and, in the end, helps no-one.
So, this time it seems that China really has banned Bitcoin.
Or at least that’s the conclusion the media has come to.
But is this accurate? And what does it mean for the long term future of Bitcoin? Actually, what does it mean for the short term future of Bitcoin? Does that explain the recent price drop? Is China doing something very smart here? Or is it the exact opposite?
As a long time Bitcoin user, analyst, large scale miner and environmentalist, it seems I am well placed to comment on the unfolding events, at least according to the number…