Tag: hyperbitcoinization

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....

The competition will become clearly one-sided as the black hole of value that is bitcoin absorbs everything around it.Bitcoin was never going to be a store of value… until it was. It was never going to become a reserve currency, right up until the point when major businesses and investors started converting their fiat treasuries into bitcoin. And the next thing the...

The last week has held many bullish events and occurrences, and the price of bitcoin reflected that!Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.SummaryIt’s been quite the week for bitcoin. Elon Musk revealed that SpaceX, in addition to Tesla and himself,...

Bitcoin has faced many challenges before, but it seems that the free market repeatedly creates innovative solutions to these.Bitcoin is king — it is still the best performing asset of our lives. It has silenced its harshest critics and only continued to grow in adoption, usability and relevance. The fact that bitcoin has achieved all this in only 12 years is remarkable....

Georgia is just one of many developing countries which would benefit from the adoption of Bitcoin.“The effects from major countries' policies will hit emerging countries economically and financially.” -Jack Mallers (CEO Strike)"Bitcoin is perfect money for the internet. It is instant, it is safe, it is free. Bitcoin is the internet of money. At its core,...

Bitcoin is a black hole of value sucking in any and all reserve currencies, slowly but surely.Bitcoin has risen from the dead so many times, it makes Lazarus look lazy. Yet its doubters persist: “Bitcoin is a bubble,” they say; a “risky speculation with little chance of ever becoming an established form of money,” they shout.But Bitcoin’s obituarists...

A country so troubled could benefit mightily from an early adoption of such a powerful technology.Dear Ebrahim Raisi,Congratulations on your victory in the presidential election. This election and your term as President will dictate the future of Iran. I am a citizen of Iran who has spent my life living in America, and I want to take this moment to discuss...

Workers in Argentina may be able to receive pay in BTC and store their wealth without fear of inflation.The “Pay Me In Bitcoin” movement just got a lot stronger today when José Luis Ramón, a member of Argentina’s National Congress, announced he submitted a bill that would allow workers in a dependency relationship and exporters of services to have the option of...

The continent is ripe for the opportunity of embracing the interconnecting digital economy of Bitcoin.With El Salvador becoming the first country to give legal tender status to bitcoin, it begs the question: should African countries follow suit? After June 8, we can say that the world entered the “nation state...

This week, Bitcoin 2021 ruled the headlines as a major announcement about El Salvador came out of the conference.This Week In BitcoinThis Week In Bitcoin is a new segment covering the events of the week that occurred in the Bitcoin industry, covering all the important news and analysis.SummaryAlthough bitcoin saw relatively steady gains over the last week, climbing to...

The director of growth marketing at Kraken is excited to see what the future of the industry looks like.Dan Held will be speaking during the Bitcoin 2021 conference in Miami on June 4 and 5. Make sure that you set a reminder for the Bitcoin 2021 day one YouTube...

There are monumental changes coming to the world, and Bitcoin serves to defend the individual’s interest.The COVID-19 pandemic has forever changed the world and life as we know it. Restrictions on society by governments, including using masks and social distancing, has created a new normal. Lockdowns that have shut down small businesses, combined with inflation caused by excess money printing by central...

Though no purchase has been announced, Walmart’s inevitable allocation to bitcoin will jump start a ripple of hyperbitcoinization.Let me make this clear: Walmart has not announced a purchase of $1 billion worth of bitcoin. But it will and let me tell you what's going to happen when it does....

We can apply Maslow’s hierarchy of needs to Bitcoin to find out what needs it must obtain and maintain to succeed.In order for Bitcoin to achieve hyperbitcoinization, it has to fulfill certain network and monetary needs. Without obtaining and, more importantly, maintaining these needs, Bitcoin can not succeed. If Bitcoin can obtain and maintain these needs, then there is nothing that can...

Faith sustains the price of bitcoin in the same way it sustains the price of other asset classes.As Tesla buys $1.5 billion in bitcoin, BNY Mellon expands custodial services to include bitcoin and...

An open letter to a generation entering the workforce with the chance to own the scarcest and best-performing asset of all time: bitcoin.It is not the objective of this article to explain the Bitcoin protocol nor to...

Though the term “cult” has a negative connotation, adherence to the Bitcoin ideology is about changing the world for the better.According to Tim Draper, an American venture capital investor, Netflix will be the next Fortune 100 company to buy bitcoin. Moreover, the billionaire believes that it’s only a...

When you run the numbers, it’s clear that quadrillions of dollars will be compressed into 21 million bitcoin. What comes next, nobody knows.The Bitcoin black hole has absorbed $1 trillion of monetary energy in only 12 years. As the legacy financial system nears the event horizon, BTC's gravitational pull grows stronger. Quadrillions of dollars of monetary energy will soon be compressed into...

If bitcoin can fulfill economic demand for savings, it will free people from the problems with government-issued safe haven assets.For decades, the velocity of money, which is a measure of the times that a unit of currency is spent, has fallen due to what some economists have termed the “safe asset shortage.” This has occurred for a variety of reasons, including aging...

How will companies be valued once bitcoin is universally used as a unit of account and measuring stick of worth?Bitcoin will fundamentally change the way that investors value companies.Upgrading monetary technologies is a radical paradigm shift that will leave many financial “experts” confused. Our current monetary system, the U.S. dollar, is based entirely on an ever-growing mountain of debt. In contrast,...