Eduardo Próspero

Blog Info Bitcoinist.com
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Stats Has written 101 posts about cryptocurrency

Aug 04 2021

BTC + The Lightning Network ’s Energy Consumption Vs. The World, A Comparison

Let’s admit it, the narrative around Bitcoin’s energy consumption really hurt the movement for a while there. The Lightning Network fixes this. Was the narrative warranted? Absolutely not. However, we still need to address it. And the Lightning Network proves to be a powerful tool to do so. As the miners leave China in search of cheap energy, and Bitcoin Beach in El...

Aug 03 2021

Lightning Network 101: How And Why It Works

It’s all about the Lightning Network in Bitcoin land. This decentralized micropayments system unlocked Bitcoin’s scalability problem and unleashed the possibility of hyperbitcoinization into the world. Not only that, since this Layer 2 solution was created with the Bitcoin ethos in mind, it offers similar security guarantees. It all runs over the Bitcoin blockchain, even though it only touches it for final settlement....

Jul 31 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 6, Part 1: Price)

Let’s do this! It’s time for another dose of Saifedean Ammous’ “The Bitcoin Standard.” Today we’re going to learn about the magical properties of “price.” A tool so ever-present that it’s easy to take it for granted. Yet, as we’re going to learn, society couldn’t organize without prices. This fact is both obvious and easy to miss. So, prepare to learn something that’s...

Why This Company Left “The ETH DeFi Jenga Tower” To Build Over Bitcoin

At the moment, most of the decentralized finance services run over the Ethereum network. In Bitcoin land, DeFi is almost non-existent. However, there’s a case to be made for it. And Atomic.Finance started the conversation with an article about how and why they pivoted from building over Ethereum to the arguably biggest challenge of building over Bitcoin. Since this is not a common...

Jul 30 2021

Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. Aljazeera gives you the good and the bad. They’re still confused about a few concepts, but...

Jul 29 2021

“Plebs” Staked Bitcoin Throughout Downtrend. A Phenomenal Sign. Here’s Why.

The morale of the Bitcoin team seemed low over the last few months. That and a flat market didn’t stop the “plebs” from constantly “stacking sats.” The following chart shows that the Bitcoin addresses that hold between 0.1 and 1.0 BTC kept acquiring Bitcoin through this whole period. What does that mean, though? And why is it a sign of something phenomenal and...

Jul 28 2021

The American Press Vs. El Salvador: Forbes and Vice, Good Cop Bad Cop

Did El Salvador’s Bitcoin story lose steam? Perhaps. However, Forbes and Vice are on the case. The press is still monitoring the situation and Bitcoinist is still monitoring the press. With that dynamic in mind, we compiled the best and worse of the latest press coverage of El Salvador’s Bitcoin Law. You'll be offended. You'll be pleasantly surprised....

Jul 27 2021

Selected Quotes And Seven Lessons From The “Hard Money” Mini-Documentary

Bitcoin-only director Richard James’ documentary on the recent history of inflation, “Hard Money,” uses stock images and anonymous narrators to weave the film. One of them qualifies the tweaking of the money supply as “...

Jul 24 2021

Bitcoin Holders Among Young US Investors More Than Quadrupled, Gallup Poll Says

There’s still a long way to go, but analytics firm Gallup asked US investors about Bitcoin and got increasingly positive results. Slowly but surely, Bitcoin is reaching mainstream status. Gallup made a similar survey in 2018, and the compared data from both tells an interesting and bullish story. People with investable income are slowly waking up to the fact that there’s a new...

Jul 22 2021

What Did Musk, Dorsey, And Wood Say About ESG, Green Energy, And Bitcoin Mining?

The billionaires had a Zoom meeting yesterday, and it’s all crypto Twitter talks about today. Bitcoin should embrace ESG concerns, thinks Cathie Wood. Jack Dorsey hopes Bitcoin will bring world peace. Elon Musk doubled down on his sketchy views about the subject and wasn’t...

Jul 19 2021

Busta Rhymes On Crypto: “Gimme Some More:” Tyson, Saylor, & Dorsey Respond

Is Busta Rhymes putting in the work? Is the rapper going to do his own research and emerge triumphant on the other side? We weren’t counting on it, but Busta Rhymes’ interest in cryptocurrencies hasn’t waned. And, surprise surprise, he only answered the offers of two of the most notorious Bitcoin maximalists around: Jack Dorsey and Michael Saylor. Is Busta about to be...

Jul 16 2021

Woo Hah!! Busta Rhymes Checks In On Crypto, Eyes Dogecoin

The one and only Busta Rhymes joins the ever-growing community of hip hop artists interested in cryptocurrencies. Even though his interest is exploratory so far, the light a star of his caliber can shine over the crypto industry cannot be denied. A person like Busta Rhymes has cultivated an audience over the last few decades and some of them may fall on the...

Jul 15 2021

Paraguay ’s Bill To Regulate “Crypto Assets” Misses The Point Entirely

Member of Paraguay 's parliament Carlos Rejala fooled the world with his laser eyes. His supposed “Bitcoin Law” proposal doesn’t even mention Bitcoin. Rejala heard about El Salvador’s news and attached himself to it trying to steal its thunder. He then deployed a Twitter marketing campaign with big promises and ended up disappointing the whole world. Related...

Jul 14 2021

By The Numbers: How Much Is Tesla ‘s Bitcoin Worth Now?

It’s time for another edition of “By The Numbers.” This time, we’ll use a pseudonymous analyst’s numbers to find out if Tesla is in the red when it comes to their Bitcoin holdings. The caveat here is, if bitcoin’s price loses the $30K level, could Tesla’s board pressure Elon Musk into selling? And if they do, would that cause another series of red...

Jul 12 2021

That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is a living and breathing example of the Lightning...

Jul 10 2021

News From The El Salvador Experiment, Mid July: More ATMs and CNN

This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone in the world lands in relation to the...

Jul 09 2021

Crypto Entrepreneurs From Paraguay Chip In: Is A Bitcoin Law On The Cards?

When El Salvador announced that Bitcoin would be legal tender in their country, the clock started ticking. What country, if any, would follow in their footsteps? Paraguay was one of the most likely candidates, and member of parliament Carlos Rejala’s...

What Happened Inside Max Kaiser ’s “F**k Elon” Party?

The infamous Max Keiser is in it for the long haul. Love it or hate him, the man puts in the work. Arguably the original bitcoiner in mainstream media, the North American broadcaster with a show in RT is still raising hell wherever he goes. And this time, he’s got Elon Musk in his sights. Was the party Keiser hosted a celebration of...

Jul 08 2021

Dame Dash ’s Side Of The Story: Jay-Z’s “Reasonable Doubt” NFT Still In Play?

A few weeks ago, a bizarre news story about a supposed “Reasonable Doubt” NFT confused the world. Something similar happens each time former partners Jay-Z and Dame Dash collide. This time, the subject at hand was Jay-Z’s first album, the classic “Reasonable Doubt.” Apparently, Dash planned to sell an NFT of the album and a judge blocked it. However, something didn’t smell right....

Worldwide Adoption: Mexico And Argentina Flirt With Bitcoin Law

The road to worldwide adoption starts with one step. El Salvador took it with their Bitcoin Law. After their announcement, every country in the region seems to be testing the waters in its own way. And now it’s Mexico and Argentina’s turn. If we take out Portuguese-speaking Brazil, these two are the biggest markets in Spanish-speaking Latin America. And they’re both flirting with...

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