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…

Be your own bank!

“Secured by math” means the cryptography is strong – but it says nothing about everything else you need to use…

No chargebacks!

Transactions are irreversible, and no human can intervene to fix mistakes. You might think this is obviously bad, but the…

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.…

Anonymous!

Bitcoin was widely touted early on as anonymous – on the blockchain, nobody knows you’re a dog. Of course, with…

Decentralised! Secured by math!

Bitcoiners hold that immunity to central control is so overwhelmingly important that it’s completely worth all that electricity wasted on…

The incredible promises of Bitcoin!

Nobody buys a toothbrush on the basis that the toothbrush market will go to the moon! (There hasn’t so far…

Austrian economics

The acceptable face of this conspiracy cluster is Austrian economics, first put together in its present form by Ludwig von…

The prehistory of cryptocurrencies

Cryptographic money was first mooted by David Chaum in his 1982 paper “Blind Signatures for Untraceable Payments”12 and his 1985 paper…

Pre-Bitcoin anonymous payment channels

Peer-to-peer electronic payment services existed before Bitcoin. PayPal was explicitly intended to be an anonymous regulation-dodging money transmission channel, with…