Tag: Bitcoin

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

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

Here is the third installation of the Gradually, Then Suddenly series of articles by Parker Lewis. If you haven’t read the first and second offerings yet, be sure to do so–these articles are really fantastic.

I used to say that the Bitcoin price is volatile, but as a long-term asset (notwithstanding poor key management) it is not risky.… Read more