Captain Sidd

Blog Info Bitcoin Magazine
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Stats Has written 8 posts about cryptocurrency

Jan 08 2022

Bitcoin Attacks The Ultimate Ponzi Scheme

Centrally managed currencies are similar to Ponzi schemes, and require increasingly dystopian measures to stay afloat.Bitcoin Attacks The Ultimate Ponzi SchemeWho Is Running The Ultimate Ponzi Scheme, And How Do We Stop It?The Ponzi scheme is a simple concept.“A Ponzi...

Jan 04 2022

Compass Mining’s New Operations Manager On Home Bitcoin Mining, Power Agreements And S9 Leasing

The new mining operations manager for Compass Mining discusses his experience, offers tips for mining at home and predicts the industry’s future.This piece is part of a series that interviews Bitcoin miners about their experiences setting up and scaling mining operations as well as their view on the direction of the mining world. If you are mining Bitcoin and want to share...

Dec 03 2021

How Bitcoin Rectifies Easy Money’s Destruction of Growth And Prosperity

Central bank interventions in the monetary system - from lowering interest rates to printing money - do not change peoples’ saving and spending behavior: They only redirect it.We live in a highly politicized world today - we spite our neighbors, refuse to watch certain news channels, and increasingly ignore any information which counters our own preconceived views. Our wealth gap in the...

Oct 24 2021

The Debt Ceiling Is A Cliff — And We Keep Raising It

Fiat money extends the debt cycle and traps citizens in ever-increasing inflation — but bitcoin forces a reckoning.The Longer We Wait, The Harder We FallOn Friday, October 15, 2021, U.S. President Joe Biden signed legislation raising the government’s borrowing limit to $28.9 trillion. Many...

Aug 29 2021

This Is The Most Affordable Way To Get Into Bitcoin

Aug 29 2021 Published at Bitcoin Magazine under tags  culture dca hodl saving

A method known as “dollar-cost averaging” is the most popular amongst HODLers to maximize their bitcoin stack.How To Save Bitcoin: DCA Is The WaySaving money used to be a simple and standard practice - park your cash in a bank account and watch it grow. The 1926 book “The Richest Man in Babylon” famously advocates putting aside just 10% of your...

Jul 17 2021

Stop Trying To Understand Bitcoin

Jul 17 2021 Published at Bitcoin Magazine under tags  culture ideas newcomers

We often utilize complicated systems without understanding them, and this should be no different for Bitcoin.One of the most common objections I still hear to holding any bitcoin is, “I just don’t understand what it is or how it works.” You, reading this right now, might even feel this way. You’re likely reading this article on the screen of a phone or...

Jun 26 2021

Bitcoin Is Our Best Shot At Decentralized Finance

Jun 26 2021 Published at Bitcoin Magazine under tags  culture decentralized finance defi

The only way to actually accomplish decentralized finance is via structurally sound money.DeFi, a shortened version of the mouthful “decentralized finance”, is a hot buzzword these days. The term is often associated with crypto tokens and networks, as well as the applications built on top of them for lending, borrowing, asset trading and other financial contracts to be executed without intermediaries. Most...

May 08 2021

You Need To Withdraw Your Bitcoin

There are various reasons why you should withdraw your bitcoin and utilize self-custody.A Bitcoin ETF is coming, whether you like it or not. You might be excited at the stamp of approval this gives bitcoin...

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