The Lindy Effect is a simple but powerful idea: for non-perishable things (like technologies or ideas), every additional day of survival increases their expected future lifespan. A book that has been in print for 100 years is likely to be in print for another 100 years. A technology that has been used for 50 years […]
The Lindy Effect: Why Bitcoin’s Best Days Are Ahead Read More »
Long before Bitcoin existed, a school of economic thought was laying the theoretical groundwork for it. The Austrian School of economics, founded in the late 19th century by Carl Menger and developed by Ludwig von Mises, Friedrich Hayek, and Murray Rothbard, has long argued for sound money, free markets, and the abolition of central banking.
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Bitcoin is often described as a “trustless” system, but a more accurate description might be “game-theoretic.” Bitcoin’s security and reliability do not come from trust – they come from carefully designed incentives that make honesty more profitable than cheating. Understanding these incentives is key to understanding why Bitcoin works. What Is Game Theory? Game theory
Bitcoin and Game Theory: Why Honesty Is the Most Profitable Strategy Read More »
In the 18th century, economist Richard Cantillon observed that when new money is created, it does not enter the economy evenly. Those who receive the new money first – banks, governments, and large corporations – benefit at the expense of those who receive it last – ordinary workers and savers. This observation, known as the
The Cantillon Effect: How the Fed Steals From the Poor (And How Bitcoin Fixes It) Read More »
The global financial system runs on trust. Trust that central banks will manage money responsibly. Trust that governments will honor their debts. Trust that banks will safeguard deposits. But what happens when that trust breaks down? Throughout history, it always does. Bitcoin offers something radically different: a monetary system that requires no trust at all.
Bitcoin as a Global Trustless Reserve Currency: The End of Trust-Based Money Read More »
Bitcoin was designed to be a neutral, borderless, censorship-resistant monetary network. But its very existence has profound geopolitical implications. As Bitcoin grows from a niche experiment to a trillion-dollar asset class, it is reshaping the global balance of power in ways that are only beginning to be understood. The Dollar’s Dominance Since the end of
Bitcoin and Geopolitics: How Digital Gold Is Reshaping Global Power Read More »
One of the most popular – and controversial – models for predicting Bitcoin’s price is the Stock-to-Flow (S2F) model. Created by the pseudonymous analyst PlanB, the model uses Bitcoin’s scarcity (measured as the ratio of existing supply to new production) to predict future price levels. While the model has been remarkably accurate in the past,
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One of the most confusing aspects of owning Bitcoin is taxes. Tax laws vary by country, and the rules around cryptocurrency are still evolving. But one thing is clear: in most jurisdictions, Bitcoin is subject to taxation. Understanding your tax obligations is essential for staying on the right side of the law. How Bitcoin Is
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In the world of open-source software, a “fork” occurs when a project splits into two separate versions. Bitcoin has experienced several significant forks throughout its history, each representing a fundamental disagreement about the direction of the protocol. Understanding these forks is essential for understanding how Bitcoin evolves and why it has remained resilient. What Is
Bitcoin Forks: How Disagreements Shape the Protocol Read More »
The Federal Reserve is the most powerful financial institution in the world. Created in 1913, it controls the US dollar – the world’s reserve currency – and its decisions affect every person on Earth. Bitcoin, created in 2009, represents a fundamentally different vision of what money should be. Understanding the tension between these two systems
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