Bitcoin Fixes This – Parker Lewis

Here is the next installment of the Gradually, Then Suddenly series of articles/blog posts. If you haven’t read all of these articles yet, I’d recommend doing so immediately; they are an incredible educational resource.

In this article, Mr. Lewis delves into what is Quantitative Easing (QE), how QE distorts the pricing mechanism of an economy, why this creates economic instability, and how when the instability manifests in an economic crisis, the default central bank response is more QE(!).… Read more

Bitcoin for Safety – James O’Beirne

We’ll take a quick pause from the Gradually, Then Suddenly articles to hit you with another great piece on the macroeconomic conundrum the world finds itself in written by a Bitcoin Wizard, James O’Beirne.

The thesis of this article is not new, but the message bears repeating.… Read more

Bitcoin is Not Too Slow – Parker Lewis

Here is the next installation of Parker Lewis’s Gradually, Then Suddenly articles.

In this rip, Parker dismantles the popular misconception that Bitcoin is a failure as a medium of exchange. Anyone who has studied the matter properly knows that Bitcoin’s base layer protocol was never designed to compete with Visa to make payments for groceries or coffee.… Read more

Bitcoin Does Not Waste Energy – Parker Lewis

Here is the fourth installment in Mr. Lewis’s epic series of articles, Gradually, Then Suddenly.

Since the early days of Bitcoin, there has been a constant stream of content deriding the network’s “wasteful” energy consumption. To begin, this argument is flawed: Bitcoin miners pay market rate for electricity consumed, which by definition means the energy is not wasted.… Read more