Adventures and fascinations of Matt Pāz
Well, well, well. Something very interesting happened this past week: the US Department of Justice filed charges against three top traders working on JPMorgan’s precious metals desk for manipulating metals prices over the past decade.
Finally, the gold and silver bugs who have been shouting of blatant manipulation in metals prices (and often being ridiculed or labeled conspiracy theorists) are being vindicated.… Read more
Here’s an article by Harold Burger that models Bitcoin’s price using a power-law function. An exponential function is the only thing that makes sense given that Bitcoin’s price has risen by an order of magnitude once every few years. This is why it’s better to look at the long-term Bitcoin price using logarithmic chart scales rather than linear.… Read more
There’s been a huge breadth of extraordinary Bitcoin content lately. I can hardly keep up. It’s great.
This article is incredible. Nic Carter details the monetary and political revolution that is Bitcoin. If you read only one Bitcoin piece all year, this should be it.… Read more
Here is the next installment in Parker Lewis’ extraordinary Gradually, Then Suddenly series of blog posts.
This one is a home run. This might be the best explainer of Bitcoin proof-of-work I’ve seen, and, in particular, how miners operate in a game-theoretical equilibrium in which they are incentivized to cooperate by providing a security and transaction ordering/timestamping service to the network or suffer economic loss.… Read more
Here’s an article I enjoyed. I find the thesis to be self-evident. I believe Bitcoin is and will be a big part of this continued process — free minds need free money.