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Crypto Currency News
October 23, 2021
But Bitcoin saved Venezuela!
Periodically, there will be a rash of news stories claiming that Bitcoin has become popular in some country suffering economic…
Crypto Currency News
October 23, 2021
The supply is limited! The price can only go up!
Bitcoin is an imitation of the gold standard; the supply is strictly limited. Advocates tout this as an advantage as…
Crypto Currency News
October 23, 2021
Economic equality!
Bitcoin offered “equality” in that anyone could mine it. But in practice, Bitcoin was substantially mined early on – early…
Crypto Currency News
October 23, 2021
Bank the unbanked!
There are over two billion people in the world who have no bank account or access to even basic financial…
Crypto Currency News
October 23, 2021
Remittances!
Bitcoin is put forward as the obvious replacement for Western Union for people working in rich countries to send money…
Crypto Currency News
October 22, 2021
Better than Visa, PayPal or Western Union!
There is no way on earth that Bitcoin could possibly scale to being a general utility. At 1 megabyte per…
Crypto Currency News
October 22, 2021
Be your own bank!
“Secured by math” means the cryptography is strong – but it says nothing about everything else you need to use…
Crypto Currency News
October 22, 2021
No chargebacks!
Transactions are irreversible, and no human can intervene to fix mistakes. You might think this is obviously bad, but the…
Crypto Currency News
October 22, 2021
Instant! No fees!
Nakamoto’s original 2008 white paper notes that Bitcoin will naturally progress to a transaction fee-based economy to pay the miners.…
Crypto Currency News
October 22, 2021
Anonymous!
Bitcoin was widely touted early on as anonymous – on the blockchain, nobody knows you’re a dog. Of course, with…
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