Browsing: BitcoinMagazine

Bitcoin has various use cases and applications that shouldn’t be ignored for narratives that obscure more than educate.This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics.Author’s note: This is the first part of a three-part publication. Part 1 introduces the Bitcoin standard

The properties of bitcoin reflect many of real estate’s value offers on top of fundamentally more secure custody.This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015.Bitcoin has a unique value proposition. As a protocol for exchanging value it allows you to

While traveling across the country visiting Bitcoin meetups, Captain Sidd found Bitcoiners have many things in common, but most importantly, they are all doers.This is an opinion editorial by Captain Sidd, finance writer and contributor to Bitcoin Magazine.“When deeds speak, words are nothing.” — African proverbGrokking Bitcoin’s potential impact on the world often starts with

A Bitcoin VPN allows two or more parties to discover each other and be able to communicate privately over the public internet without trust.This is an opinion editorial by Moustafa Amin, a technology leader with more than 20 years of professional experience across large organizations, service providers and telephone companies.Bitcoin is undoubtedly the world’s newest…

The nomenclature used to help the layman understand Bitcoin makes lawmakers confuse it as money instead of entries in a database. We must change the terms.This is an opinion editorial by Beautyon, the CEO of Azteco and a contributor at Bitcoin Magazine.A group of bitter, twisted computer illiterates in the beleaguered European Union have managed…

Traditionally, hard money has the two main qualities of autonomy and correlated-redeemability, but bitcoin has the former without the latter.This is an opinion editorial by Rowdy Yates, a former Marine and practicing lawyer. What’s It Backed By?One of the most common criticisms from nocoiners remains, “But bitcoin isn’t backed by anything.” This criticism targets bitcoin’s…

A recent financial inclusion conference in El Salvador gave the country an opportunity to share their bitcoin journey with other global financial policymakers.Kudzai Kutukwa is a passionate financial inclusion advocate and was recognized by Fast Company magazine as one of South Africa’s top 20 young entrepreneurs under 30.In July 1944, in Bretton Woods, New Hampshire,…

To actually solve the problem of receiving funds without having secured liquidity from someone else’s node requires protocol-level changes.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Ignoring the problems of the Lightning Network and protocol stack seems to be a very popular thing to…

Being employed by Wall Street colors how some people view Bitcoin. This letter is an attempt to lead one such person to the Bitcoin rabbit hole.Dear Wall Street friend, I write this letter because I like you. I know we have our differences, especially in terms of how we view the financial institutions that dominated the…

Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon.Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists…

Using a credit card to pay for purchases has negative implications for businesses and consumers. Bitcoin provides a better, alternative payment method.Contrary to some predictions, Bitcoin is quickly becoming an accepted means of conducting transactions. Major companies like online retailer Overstock.com and mobile provider AT&T already allow customers to pay in bitcoin. And the list…

Comparing Bitcoin to barbed wire from Timothy May’s “Crypto Anarchist Manifesto” can give insight into the gravity of this seemingly abstract invention. (Source) Some of Bitcoin’s properties sound abstract. Properties like digital ownership, censorship resistance, decentralization and more. But the deeper you dig into the Bitcoin rabbit hole, the more you realize that Satoshi Nakamoto…

Many of the failings we see in society today are a result of the values of fiat money being absorbed.When going through basic training for the Army, the cadre of drill sergeants and general leadership make it a point to effectively engrain values that I would argue are paramount to any (and all) mature adults…

Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.Part One: But This Is How We’ve Always Done Things …There is a great story floating around the web about a married couple and a ham (full story). In brief, the wife is preparing a ham for dinner and in doing so, cuts…

How Bitcoiners can use time, price expectation and supply at a loss to explore great entry opportunities.Acknowledgment: Derek Pennings came up with “The Entry Indicator.” I helped him with putting the thought process in writing. You can find him on Twitter @PenningsDerek.Not AgainIt happened. Again. Price dropped more than 50% from its all-time high. During…

With the rise of Bitcoin’s network effects comes the equivalent demise in legacy finance’s network effects.Bitcoin’s price and ecosystem benefit from network effects.As more users join, demand pressure increases the price of bitcoin, which in turn attracts more buyers in a self-reinforcing cycle. Similarly, user growth creates a larger market with more liquidity, incentivizing businesses…