Tag: debt

Jan 26 2023

Fiat Debases Belief, But Bitcoin Makes Us Human

Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.We need beliefs. Belief is something that we live for, something that informs our morals, something that defines our...

Jan 01 2023

In 2023, Bitcoin Will Enter The ‘And Then They Fight You’ Stage

Jan 01 2023 Published at Bitcoin Magazine under tags  culture debt eoy 2022 opinion

As the macroeconomic debt spiral is set to spin out of control in 2023, Bitcoiners should prepare for the fight to intensify.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.“First they ignore you, then they laugh at you, then they...

Oct 29 2022

Research: Measuring liquidity with Bitcoin: Why this crisis spells trouble for Rolexes and real estate

With the 14th anniversary of the Great Financial Crisis of 2008 approaching, we are about to enter a new debt cycle that could reset the market. Navigating upcoming crises requires a deep understanding of how all previous debt crises worked and why they happened. Ray Dalio, the founder and chairman of Bridgewater...

Oct 24 2022

Will A Debt Spiral Lead To Bitcoin Adoption?

When the United States has a significant amount of debt, high interest rates and a budget deficit, there can be no hope of ever paying it off.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.I love listening to Greg Foss...

Oct 14 2022

Stronghold Digital Bolsters Balance Sheet by Cutting Costs

After ending the hosting deal for bitcoin mining rigs, Stronghold Digital won't have to pay Northern Data up to $25 million in profit shares. In its latest attempt to fix its troubled balance sheet, Stronghold Digital Mining (SDIG) ended a hosting deal with miner Northern Data (NB2X: GER), which cost the miner money, and paid […] The post...

Oct 13 2022

Research: US debt surpasses $31 trillion

Oct 13 2022 Published at CryptoSlate under tags  debt national debt research u.s.

The U.S. national debt reached its all-time high this month, surpassing $31 trillion. Over $11 trillion of the debt was added in the past 10 years alone, $5 trillion of which was a direct result of the debt spending initiated by the Biden administration in 2020....

Sep 21 2022

Wintermute Has $200M in Outstanding DeFi Debt

Sep 21 2022 Published at Coinscreed under tags  debt defi market watch news wintermute

After the $160 million hack, the CEO of the company, Wintermute, said that the business was still in good shape. On-chain data shows that cryptocurrency market maker Wintermute, which was hacked for $160 million on Tuesday, owes more than $200 million in DeFi to several counterparties. The biggest debt is a $92 million tether (USDT) […] The post...

Sep 09 2022

Europe's Sovereign Debt Bubble Is A Domino In Hyperbitcoinization

A sovereign debt crisis is brewing in Europe, and it will likely perpetuate the euro's devaluation and pave the path for Bitcoin....

Aug 31 2022

Biden's Student Debt Relief Plan And Bitcoin

How will the President’s student loan debt relief program impact Bitcoin? It boils down to demographics.This is an opinion editorial by Robert Hall, a content creator and small business owner.President Biden on Wednesday announced a student loan relief package designed to lower the debt of millions of Americans across the country....

Aug 30 2022

Research: The European sovereign debt crisis 2.0

Aug 30 2022 Published at CryptoSlate under tags  debt energy eu eurozone featured

Despite their best efforts, European countries' governments have so far been unable to curb inflation this year. Russia's invasion of Ukraine was the spark that finally triggered the crisis that loomed since the outbreak of the COVID-19 pandemic in 2020. In June, EU member states released their consumer price index (CPI), showing that prices have risen significantly from the numbers released in June....

Aug 24 2022

Millennials Only Want This One Thing: Home Ownership

While quality of life in 2022 might seem better in many regards, energy use per capita was higher years ago, painting a bleak picture for millennials.This is an opinion editorial by Andy LeRoy, the founder of Exponential Layers which is a Lightning Network analytics platform and explorer. This beautiful...

Jul 30 2022

Fiat Users Are Playing Hot Potato While Bitcoiners Play Musical Chairs

Jul 30 2022 Published at Bitcoin Magazine under tags  culture debt federal reserve fiat games

Kicking the can down the road, versus capturing pieces of immutable scarcity. This is the choice that bitcoin brings to the table.This is an opinion editorial by Maxx Mannheimer, a former sales account manager with a background in training and industrial-organizational psychology.The economy can be thought of as a complex orchestra. Industry sectors are represented by the choir, strings, brass,...

Jul 19 2022

3AC Owes $2.36 Billion To Crypto Lender Genesis

Jul 19 2022 Published at Coingape under tags  3ac debt defi genesis genesis trading

According to a news report by crypto news site The Block, It has been found that Genesis Asia Pacific Ltd, lent a sum of $2.36 billion to troubled and now bankrupt venture capital Three Arrows Capital (3AC). A freshly released document by Teneo, an advisory firm hired to oversee 3AC’s liquidation, has shown the exact...

Jul 15 2022

What’s Next For Bold Bitcoin-Buyer MicroStrategy?

After a year of borrowing and buying, what’s the outlook for the bitcoin bulls at MicroStrategy?MicroStrategy (MSTR) currently sits on a huge loss on their bitcoin purchases. Based on a current bitcoin price of $20,300, their 129,699 aggregate bitcoin holdings are worth $2.6 billion, down from a total purchase cost of roughly $4 billion (average cost $30,700). Hence they are sitting on...

Jul 14 2022

Bitcoin Is Money Made Simple, AKA Monetary Decomplexification

Jul 14 2022 Published at Bitcoin Magazine under tags  debt fiat inflation markets opinion

The various inner workings of the fiat system lend to an increased “surface area” for misuse, misallocation and misunderstanding.This is an opinion editorial by Dan, cohost of the Blue Collar Bitcoin Podcast.A Preliminary Note To The Reader: This was originally written as one essay that has since been divided into three parts. Each section covers distinctive concepts, but the...

Jul 12 2022

Bitcoin, The Purchasing Power Preserver

When fiat money’s music finally stops, the inflationary pressure must go somewhere — and to bitcoin, the hardest asset, it will go.This is an opinion editorial by Dan, cohost of the Blue Collar Bitcoin Podcast.Series ContentsPart 1: Fiat Plumbing IntroductionBusted PipesThe Reserve Currency ComplicationThe Cantillon Conundrum...

Jun 25 2022

Saylor Junior: A Bitcoin Pleb-Level Speculative Attack

A short look at the math behind loans might show the benefit of loans versus the classic dollar-cost average strategy.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.This article is not financial advice — just a financially illiterate psychopath doing...

Jun 21 2022

Can Bitcoin Solve Our Debt Addiction?

Many cryptocurrency lending schemes are eerily similar to banks’ abilities to loan out money and create debt through fractional reserve banking.Margarita Groisman graduated from the Georgia Institute of Technology with a degree in industrial engineering and analytics....

May 20 2022

Like Ruble, Like Shitcoin — Only Bitcoin Gets Its Value Organically

May 20 2022 Published at Bitcoin Magazine under tags  altcoins debt fiat markets opinion

On examination, fiat and shitcoins share the same trick of getting people to give up real value for promises.This is an opinion editorial by Joakim Book, a Research Fellow at the American Institute for Economic Research, and writer on all things money and financial history.All (fiat) monies struggle with getting their users to hold the liabilities of their issuer. Put differently,...

Apr 29 2022

Rough Waters Ahead For The US Dollar

Apr 29 2022 Published at Bitcoin Magazine under tags  debt dollars gold market cycle markets

Historical cycles and paradigm shifts in monetary policy can give us a look into Bitcoin’s potential and the future value of the U.S. dollar.A “paradigm,” as defined by Ray Dalio, is a period of time during which “Markets and market relationships operate in a certain way that most people adapt to and eventually extrapolate.” A “paradigm...

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