The Memory Pool
Gradually, Then Suddenly (#11)
Bitcoin is Not for Criminals - November 29, 2019
We accept the good with the bad, recognizing that due to the very nature of bitcoin, we do not get to decide. There are always trade-offs, and in this case, that bitcoin will unavoidably be used for illicit purposes is the trade-off we gladly accept in exchange for the economic stability that an unmanipulable global currency will provide.
Gradually, Then Suddenly (#10)
Bitcoin Cannot Be Banned - November 08, 2019
Banning bitcoin is a fool’s errand. Some will try; all will fail. And the very attempts to ban bitcoin will accelerate its adoption and proliferation.
Gradually, Then Suddenly (#9)
Bitcoin is Not a Pyramid Scheme - October 18, 2019
[Bitcoin] will only proliferate if it creates utility for those that adopt it.
Gradually, Then Suddenly (#8)
Bitcoin is Not Backed by Nothing - September 27, 2019
Ultimately, bitcoin is backed by something, and it’s the only thing that backs any money: the credibility of its monetary properties.
Gradually, Then Suddenly (#7)
Bitcoin, Not Blockchain - September 06, 2019
Every other fiat currency, commodity money or cryptocurrency is competing for the exact same use case as bitcoin whether it is understood or not, and monetary systems tend to a single medium because their utility is liquidity rather than consumption or production.
Gradually, Then Suddenly (#6)
Bitcoin Fixes This - August 30, 2019
Could the whole apparatus of central bank policy be the root cause of the problem rather than the ever-elusive solution?
Gradually, Then Suddenly (#5)
Bitcoin is Not Too Slow - August 23, 2019
If a global financial system is to be built on a decentralized monetary system, the foundation must be protected at all cost.
Gradually, Then Suddenly (#4)
Bitcoin Does Not Waste Energy - August 16, 2019
Put a price on economic stability and the economic freedom a stable monetary system provides; that is the true justification for the amount of energy bitcoin should and will consume. Everything else is a distraction.
Gradually, Then Suddenly (#3)
Bitcoin is Not Too Volatile - August 09, 2019
Volatility in bitcoin is the natural function of monetary adoption and this volatility ultimately strengthens the resilience of the bitcoin network, driving long-term stability. Variation is information.
Gradually, Then Suddenly (#2)
Bitcoin Can't Be Copied - August 02, 2019
Those that attempt to copy bitcoin signal a failure to understand the properties that make bitcoin valuable or viable as money.
Gradually, Then Suddenly (#1)
Gradually, Then Suddenly - July 26, 2019
Bitcoin exists as a solution to the money problem that is global QE.