NOTE: The methodology and underlying figures (specifically, emission rates for gold and banking) mentioned throughout are generally derived from my 2014 & 2018 works. The 2018 works is available as an easier to digest 10-part medium series, here)
Bitcoin’s energy consumption and environmental impact is something that is commented on…
That said, it’s not always easy to get the very busy (and skeptical) Ray Dalio’s of the world to sit down for a few hours…
People hate Bitcoin analogies. But Bitcoin is so hard to understand for so many, concessions need to be made.
VCs are a group of people demonized in the Bitcoin industry for not understanding Bitcoin’s value proposition. …
As always, we commence by sending thanks and good tidings to Satoshi Nakamoto — The Creator and First of the Believers, General of the Byzantines, Breaker of Banks and Fighter of Fiat — and to Hal Finney and The Apostles and The Disciples thereafter, and to The Stoic and Patient…
Wednesday, January 3rd, 2029
It is the year 2029, and Bitcoin is finally no longer a teenager. The price has reached another new high of $420,000, climbing in a surprisingly stable fashion since the 2020 halving. Bitcoin’s market cap exceeds that of gold, and almost 10% of the World’s 6…
In my recent 10-part article series study on The Cost & Sustainability of Bitcoin, I opened with a piece on what my personal interpretation of “Energy” was so that I could set a context for my study. You could also take it as assumed reading (or watching on YouTube on…
The bell-curve is a beautiful thing and generally reflects “the natural order of things” in Life and Nature. Most of the population gather around the mean, with fewer on either side. Individuals move closer to, or further away from the mean due to natural factors. …
Updated 4/12/2018
According to https://diff.cryptothis.com/, we are on track for a 14%+ drop in Network Difficulty this difficulty epoch.
This will the biggest drop in difficulty since November 1, 2011–7 years ago. That particular drop was 18%, the largest in history. The preceding difficulty epoch saw what was the largest…
