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It’s said that 90% of all startups fail, and that we should expect nothing more from ICOs. But 10% success rate is still overly optimistic for ICOs, perhaps not for the reason you may think. You’re probably aware of examples of ICO “founders” who turned out to be a bunch of made up Linkedin-profiles. You’re … Read more
Up until now, bitcoin has largely been behaving as an uncorrelated asset. This got a lot of people excited, categorizing bitcoin as a future digital gold or a safe haven asset. The worst thing about this recent dip in price ($5,873, GDAX) was not the decrease in the price itself. Much more daunting for bitcoin, … Read more
Another suicide has made its way to media scrutiny, and crypto markets plummeting was promptly highlighted as the ultimate cause. It’s time to consider our mental health as investors in light of bitcoin’s infamous feature – volatility. Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners Bitcoin’s ”Death” Is Not the End … Read more
When Satoshi Nakamoto designed bitcoin, his smartest trick wasn’t to cap the total supply at 21 million coins – it was to make each coin divisible to eight decimal places. At the time, as now, the smallest unit of bitcoin was worth so little as to be inexpressible in fiat terms. But bitcoin’s creator had … Read more
The following opinion piece was written by Jonald Fyookball. So you’ve heard of Bitcoin Cash — one of the top cryptocurrencies along with BTC and Ethereum. But why does it exist? Is it a cheap copy of Bitcoin? A pump-and-dump scheme? An attempt to hijack the brand and attack Bitcoin? In my estimation, the opposite … Read more
This week, the price of bitcoin reached a low-point of -53% from its December high. A few weeks ago, I wrote about the Death of the “Get in before Wall Street!”-meme and why it made sense to Short the Great Bitcoin Bull. My viewpoint remains unchanged in that I’m still confident that the CME bitcoin futures listing … Read more
Anyone can create a cryptocurrency. It’s a surprisingly simple process, especially if you copy the codebase of an existing coin and give it a new name. That’s how many of the most popular cryptocurrencies such as litecoin were born. But creating a cryptocurrency and mining the genesis block isn’t enough: until that coin has its … Read more
There are snotty people who claim to be long-term thinkers and want me to treat their plans seriously. The problem with long-term thinkers is that there is an ambiguity between them and people who are living in a fantasy. For you cannot plan beyond your ability to survive, and no one really knows how long … Read more
2017 was the year cryptocurrency speculation went mainstream, which is something many bitcoiners have been yearning to happen for years. But going mainstream means that the market is no longer dominated by cryptocurrency enthusiasts, and until Wall Street steps in, we’re simply going to have to accept that mainstream speculators with little knowledge of cryptocurrencies … Read more
On this day nine years ago, quietly, bitcoin and its blockchain network were birthed with block zero, the Genesis Block. Without government permission or wealthy backers, it has generated a quarter trillion in value. In combination with the resultant industry it spawned, comprising thousands of alternatives, cryptocurrency is a seven hundred billion dollar market. Nearly … Read more
