Adventures and fascinations of Matt Pāz
The next installation of the incredible Gradually, Then Suddenly series of blog posts by Parker Lewis has been published. This post combats the ridiculous claim thrown by uninformed Intellectual Yet Idiots that Bitcoin is a pyramid (or Ponzi) scheme.
While the title of the post references pyramid schemes, the meat of the post amounts to a tour de force exposition of the price mechanism.… Read more
This is an old article by Su Zhu and Hasu that I just stumbled across again. It’s a quick read and a good, high-level reminder (or primer) of why financial, geopolitical, and technological trends are in Bitcoin’s favor.
… Read moreBitcoin is a new financial network with a token (also called bitcoin but with a lowercase ‘b’) that is currently in its monetization phase.
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
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
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