Bitcoin exchanges: keep your money in a sock under someone else’s bed

 “Be your own bank” is actually very hard – particularly with “no chargebacks”, meaning that in the event of a…

Pirateat40: Bitcoin Savings & Trust

Now that Pirateat40 closed down his operatations thanks to all the fud that was going on and growing on the…

The art of the steal

  As a financial instrument born without regulation, Bitcoin quickly turned into an iterative exploration of precisely why each financial…

Early Bitcoin: the rise to the first bubble

Asset bubbles follow a standard progression: Stealth phase: The price of an asset is going Awareness phase: Some investors become…

When the economy collapses, Bitcoin will save you!

No, really: there are Bitcoin advocates who seriously look forward to economic collapse as an opportunity for Bitcoin – continued…

But Bitcoin saved Venezuela!

Periodically, there will be a rash of news stories claiming that  Bitcoin  has become popular in some country suffering economic…

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…

Economic equality!

Bitcoin offered “equality” in that anyone could mine it. But in practice, Bitcoin was substantially mined early on – early…

Bank the unbanked!

There are over two billion people in the world who have no bank account or access to even basic financial…

Remittances!

Bitcoin is put forward as the obvious replacement for Western Union for people working in rich countries to send money…