In January 2023, a software engineer named Casey Rodarmor launched Ordinals, a protocol that allows data (images, text, audio) to be inscribed directly onto individual satoshis on the Bitcoin blockchain. The launch was controversial – some saw it as a creative expansion of Bitcoin’s capabilities, while others viewed it as spam on the world’s most […]
Bitcoin Ordinals and BRC-20: NFTs on the Original Blockchain Read More »
Bitcoin’s energy use is one of the most contentious topics in the crypto world. Critics argue that Bitcoin mining is wasteful and contributes to climate change. But a deeper analysis reveals a more nuanced picture. Bitcoin mining, far from being an environmental disaster, may actually be one of the most powerful tools we have for
Bitcoin and Climate Change: Can Digital Gold Save the Planet? Read More »
El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as legal tender. But the nation-state Bitcoin movement is just beginning. From the United States to the UAE, from Switzerland to Paraguay, governments around the world are beginning to recognize that Bitcoin is not just a speculative asset – it is
Nation-State Bitcoin Adoption: The Geopolitical Arms Race for Digital Gold Read More »
The traditional banking system has been the backbone of the global economy for centuries. But Bitcoin is challenging the very foundations of banking: custody, lending, payments, and savings. Will Bitcoin replace banks, force them to adapt, or coexist alongside them? The answer is likely all three. What Banks Do Banks perform several critical functions in
Bitcoin and the Future of Banking: Disruption, Adoption, or Coexistence? Read More »
Two of the most transformative technologies of the 21st century are Bitcoin and artificial intelligence. While they may seem unrelated, they are deeply complementary. AI needs a native, programmable, censorship-resistant monetary layer. Bitcoin needs the computational infrastructure that AI provides. The convergence of these two technologies will reshape the global economy. AI Needs Sound Money
Bitcoin and Artificial Intelligence: The Convergence of Two Revolutionary Technologies Read More »
Gresham’s Law is one of the oldest principles in economics. Often stated as “bad money drives out good,” it describes what happens when two forms of money circulate simultaneously: people hoard the good money and spend the bad money. This principle has been observed for thousands of years, and it has profound implications for Bitcoin’s
Gresham’s Law and Bitcoin: Why Good Money Drives Out Bad Read More »
One of the most profound but least discussed effects of Bitcoin is its impact on “time preference” – the degree to which people value the present over the future. Austrian economists have long argued that sound money encourages low time preference (planning for the future), while unsound money encourages high time preference (living for today).
Bitcoin and Time Preference: How Sound Money Changes Human Behavior Read More »
In international economics, the “Impossible Trinity” (also known as the “Trilemma”) states that a country cannot simultaneously have all three of the following: (1) a fixed exchange rate, (2) free capital movement, and (3) an independent monetary policy. It can have any two, but not all three. Bitcoin offers a way to resolve this trilemma
Bitcoin and the Impossible Trinity: Choosing Free Capital Flows and Sound Money Read More »
In game theory, a Nash Equilibrium is a state where no player can improve their outcome by unilaterally changing their strategy. Bitcoin’s design creates a Nash Equilibrium where the rational choice for every participant – miners, users, developers, and even nation-states – is to support and use Bitcoin rather than attack or abandon it. This
Bitcoin’s Nash Equilibrium: The Mathematical Proof That Bitcoin Wins Read More »
One of the most common criticisms of Bitcoin is that it cannot function as money because people hoard it instead of spending it. This criticism, known as the “velocity problem,” misunderstands both Bitcoin’s current stage of development and the nature of money itself. In fact, Bitcoin’s low velocity is not a bug – it is
The Bitcoin Velocity Problem: Why Holding Is More Powerful Than Spending Read More »
