Month: June 2020

Go on, take the money and run. Hoo Hoo Hoo! So goes the classic song from Steve Miller Band. Not only does it have a groovy beat, but it also tells a story. By far, it’s the chorus though that gets most people. When you’re flying by the seat of your pants, sometimes it’s best […]

Bitcoin has “digital scarcity” because its total coin supply is limited to a maximum of 21 million coins. The concept of digital scarcity that has been pioneered by Bitcoin has expanded to include so-called crypto collectibles. Unlike Bitcoin, crypto collectible tokens are each unique in their own way and can represent value beyond the digital […]

Two Papa John’s Pizzas for 10,000 bitcoin was deemed reasonable at the time, at today’s exchange rate, that would be $91 million. So I hope the toppings were included. Seriously though, it’s tough to imagine a time when each bitcoin was worth less than half a cent. Unwavering Confidence Once again, the pattern repeats. The […]

Memorial Day in the U.S. is used to coinciding with the U.K. spring break holiday, but Eid al-Fitr hasn’t come out in May in several decades. There’s certainly something interesting about the way that all international calendars are colliding this year, almost as if someone or something is trying to promote unity among the nations […]

In the classic fable The Ant and the Grasshopper, you’ll remember the ant worked hard all summer to prepare for the winter, while the grasshopper sat around playing jazz violin. “You gonna store away any food?” asked the ant. The grasshopper waved him away. “I’m practicing my arpeggios, man,” he said, folding his long legs […]

Ever since the halvening event, Bitcoin has been running slowly and it’s starting to cost users. This is something we’ve discussed in prior articles at length, but I wanted to use it here to pivot the conversation to a more productive tone. Craig Steven Wright is a liar and a fraud. Or, so claims a […]

There’s no doubt that the internet is amazing and that it has revolutionized the way that humans communicate, both professionally and socially. Being a decentralized network, the Internet can be a real tool for freedom, as no central party can control what is being said or done, and therefore nobody can abuse it for their […]

Bitcoin has blasted through $10,000 per coin yesterday, a key level that I have been watching closely for several months. When we talk about significant price levels of support and resistance, the speed of the breakout can be quite important. As we can see in this chart, we’re dealing with a very powerful breakout indeed. […]

Hope you had a peaceful weekend, especially those of you in the U.S., where massive protests, riots, and looting have brought about a crass end to the Coronavirus lockdown. I’m sure that the highlights we’re seeing on social media don’t even come close to describing the mix of beautiful, touching moments contrasted with senseless hatred […]

Any great war must necessarily be a popular movement. It is a kind of crusade; and like all crusades, it sweeps along on a powerful stream of romanticism. – U.S. Senator William Gibbs McAdoo During World War I, U.S. Treasury Secretary William Gibbs McAdoo (by far the funniest-named Treasury Secretary) had a choice of three […]