These were by far my most popular series of tweets on Twitter (over >1 million impressions). They were published the day after the most recent Bitcoin all-time high of ~$19800 in December 2017 ‘Old man’ advice for the newly Bitcoin/crypto rich …. 1/14 If selling around 10-20% of your portfolio of crypto-assets would give you […]
Continue readingAdvantages of the Legacy Chain
One does not simply replace Bitcoin. Especially without overwhelming consensus. I thought I’d outline why Bitcoin (legacy / Core) has some significant advantages vs any hard fork without huge support: 1/ Bitcoin is the reserve currency of the ‘crypto’ world. In the past 24hrs over half a billion USD of (non-fiat) tokens were traded vs […]
Continue readingBitcoin Compromise FTW
As I write, the mainstream media is starting to pick up on the Bitcoin Unlimited vs Bitcoin Core ‘split’ and get excited about the possibility of a contentious fork. Make no mistake, everyone hostile to the concept of Bitcoin is enjoying this. ‘Divide and conquer’ springs to mind. FWIW, here is my idea of what […]
Continue readingCapitalist View on a Bitcoin Hard Fork
I thought I’d write a few thoughts about what the rational capitalists will likely do in the event of any Bitcoin hard fork that is remotely contentious: 1/ A far larger amount of Bitcoin will be deposited on exchanges than is usual, allowing investors to sell at will depending on how they interpret the events […]
Continue readingTurbocharging Bitcoin
NOTE: The following was written specifically for a non-technical audience with a very superficial knowledge of Bitcoin If Bitcoin were a company, it would have been shut down. Satoshi Nakamoto, its inventor, probably would be incarcerated or on the run. However, Bitcoin is not a company. It is an ownerless entity, living on the Internet […]
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