Tag: marty's bent

Oct 16 2021

Bitcoin: The Stateless Emergence

Bitcoin offers the ability to decouple oneself from the state, offering financial access to everyone equally.Bitcoin transcends the nation-state and all expectations that come along with being associated with a fiat standard. Let’s talk about what it means to be a state currency so that we can understand Bitcoin’s transcendence. How Fiat Is The StateFiat currency, by definition, is a...

The Bitcoin Rorschach Test

Bitcoin as an idea can be thought of, like a Rorschach test, as the interpretation of the particular context it presents. TXID:...

Oct 13 2021

The Reconciliation Bill May Accelerate Bitcoin Adoption In The U.S.

The proposed bill includes intrusive tax collection measures which would inhibit the productivity of the nation.There’s a strong reason behind the recent wave of bitcoin adoption among the world’s least stable and poorest countries. Bitcoin disproportionately benefits the underbanked and underprivileged because it gives them access to an open global monetary network with predictable policy and low barriers to...

How Decentralized Identifiers And Bitcoin Fix The Web

Decentralized Identifiers (DIDs) built on the immutable ledger of Bitcoin can empower users to secure their own personal data on the web.On October 4, 2021, Facebook, along with WhatsApp and Instagram, disappeared from the internet. Their DNS names stopped resolving, and their infrastructure IPs were offline. They were completely...

The Quest For Digital Cash

How Satoshi Nakamoto’s Bitcoin project married the concepts of digital cash and digital gold and how pioneering cryptographer Adam Back continues the work of making it a better tool for freedom.One summer day in August 2008, Adam Back got an email from Satoshi Nakamoto.It was the first time Nakamoto had reached out to anyone about a new project that the pseudonymous...

Market-Value-to-Realized-Value (MVRV) Bands

Modeling the bitcoin price based on the value of all coins when they last moved on-chain.October 12th, 2021Realized ValueOn September 23, 2018, at the Baltic Honeybadger conference in Riga, Latvia, Nic Carter presented the concept of realized value (originally “realized cap,”...

Oct 11 2021

Satoshi's Ark Will Save Bitcoiners

The creation of a decentralized monetary network provides an escape from the flood of fiat inflation.Imagine all of the people who laughed at Noah when he was building his ark to save his family from the inevitable flood that the Creator was going to unleash on Earth. Noah's faith was greatly tested as he spent month after month building a monstrous ark...

The Bitcoin Mining Hash Rate Is Seeing An Unprecedented Restructuring

Bitcoin mining data from this latest quarter demonstrate that the industry is undergoing a Renaissance spurred by China’s ban.Q3 2021 is in the books, and beginning as it did with China’s Bitcoin mining ban as its backdrop, it marked perhaps the most historic shift in Bitcoin’s mining market to date. Since the beginning of the ASIC...

Oct 08 2021

The Bitcoin Price Breaches $55K In An Exciting Run

Bitcoin breached $55,000 for the first time since May — is a new all-time high coming soon?Summary Of The WeekAs the week started with a sea of green candles, bitcoin’s price breached $50,000 for the first time since early September and then went on to breach $55,000 for the first time since May. Bitcoin seems poised to rally throughout the rest...

Oct 06 2021

The Intrinsic Value Of Bitcoin, Calculated Using Sovereign Credit Default Swaps

Bitcoin is incredibly cheap, considering it provides insurance on the U.S. financial structure, as well as all fiat currencies around the world.I reference my thesis on the intrinsic value of bitcoin in this piece, originally published in Bitcoin Magazine...

A Story Of Freedom In Taliban-Controlled Afghanistan

An anonymous letter details how technology has provided freedom in a society under great stress.I vividly remember the day I cursed all the banks operating in my country. My friend and I were desperately going from bank to bank, trying to figure out a way to get paid online. The day before, we had made a decision: We wanted to become freelancers....

Oct 05 2021

Bitcoin Embodies Nikola Tesla's Vision For Peace And Energy Abundance

As an arbiter of truth for the most reliable and cheapest forms of energy, Bitcoin can enable Nikola Tesla’s vision of a peaceful, abundant energy future.Many attempts to bring about the permanent end state of war can be found throughout history. “The war to end war,” mutual assured...

Oct 04 2021

The FCA Influencer Program And Bitcoin

Oct 04 2021 Published at Bitcoin Magazine under tags  culture fca marty's bent social media

Telling people to avoid “high-risk” investments could be a guise for encouraging people to stay within legacy finance.Here come the influencers. The Financial Conduct Authority (FCA) in the U.K. has announced an 11 million British pound (GBP) campaign enlisting celebrities and influencers to warn the general public of the dangers of high-risk investments....

Oct 03 2021

Two Different Ideas Of The Lightning Network

The Lightning Network operates on channels which require funding and necessitate fees — but is everyone participating for the same reason?Lightning has been on an explosive growth tear lately in terms of more liquidity coming to the network. Since the start of 2021, the network has grown from 33,000 or so channels to more than 65,000. The amount of bitcoin in those...

Oct 02 2021

COC#5: How January’s On-Chain Footprint Bent The Bitcoin Price Trend Twice

A closer look at how the on-chain footprint of bitcoin investors changed in January and how that set a floor price for the recent market downturn.Dilution-proof, October 1st, 2021Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements and estimate where we are in the cycle. This fifth edition first takes a...

Oct 01 2021

The Macroeconomic Implications Of Evergrande For Risk Assets And Bitcoin

As Evergrande collapses, China is close to becoming a high-yield borrower. In this debt spiral, bitcoin is the best hedge for investors.I have spent my career in financial markets, focusing on risk analysis and trading with a viewpoint that is honed through the prism of credit. I believe credit markets to be the most important, most informed, and unfortunately the most misunderstood...

A Look At Bitcoin And Biases: Price

There are several forms of bias to examine when it comes to understanding bitcoin and its price. Source: Author modification of 43/1995 from goodfreephotos.com...

Sep 30 2021

The Revenge Of The Nodes: When 20th Century Authority Gives Way To 21st Century Autonomy

The global economy is driving toward authoritarianism, but Bitcoin offers autonomous, decentralization that can save the average investor.Part I: Bitcoin As A Tree, Persistence And Deep Structures A ReveriePerhaps if I had been more brazen, the title to part one of this series would have ended up as something more tantalizing, something punchy like “Bitcoin Is A Palm Tree, And Fiat...

The Birth Of The Bitcoin-Dollar

Bitcoin represents the next evolution of the American currency being tied to a system of energy storage.Written September 21, 2021You have probably heard of the petrodollar. You may not know the ins and outs, but you have heard the term in history class or on some podcast. In a very simple and reductive way, it is...

Sep 29 2021

Why Are Bitcoin Mining ASIC Prices Surging And Where Will They Go Next?

The prices of ASICs, computing components central to Bitcoin mining, have surged this year. But why? And where will they go next?There could be a number of factors contributing to the rising price of bitcoin mining ASICs — the components that are central to the specialized machines used to secure the Bitcoin network in exchange for BTC rewards — including supply shortages,...

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