PinnedMember-onlyLooking for something?₿itcoin and ₿itcoin Shorts. These lists belong to the plebs. You’ll find everything I wrote about the hardest money in the universe. (elaborate stories and little nuggets of information) Investing…1 min read1 min read
Published inCoinmonks·Aug 29, 2022Member-onlyThe man who threw 200M $ in the trashAnd how he plans to get it back — Stories of lost hard drives containing thousands of Bitcoin aren’t rare. In the early days, when one coin was worth a few pennies, people were careless with their holdings. The new digital currency was a little experiment, an interesting new computer science project for engineers, anarchists, and cryptography experts worldwide. …Bitcoin4 min readBitcoin4 min read
Published inDataDrivenInvestor·Aug 27, 2022Member-onlyWhy are there only 21 Million Bitcoin?Satoshi’s reasoning — Bitcoin is the hardest asset in our universe. Why? Because it’s the only thing we have that has a provably finite supply. The money supply of fiat-currencies like the US-Dollar or the Euro can be inflated at will because they are under the control of central banks like the ECB…Bitcoin4 min readBitcoin4 min read
Published inCryptoStars·Jan 24, 2022Member-only“The electricity used in a single Bitcoin transaction could power a house for a month.”Here’s the truth — The house of representatives in the US just had a hearing about Bitcoin mining and Proof of Work with the title: “Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains.” The topic of the hearing has been part of the public debate for years now. …Bitcoin4 min readBitcoin4 min read
Published inCryptoStars·Jan 11, 2022Member-onlyThe real meaning of Bitcoin's block rewardThe thought behind the numbers — The reward miners get for adding a new block to the chain is cut in half every 210,000 Blocks (~4 years). When Satoshi started the network in 2009, the reward was 50 bitcoin per block. That's how he amassed his fortune of over one million coins. Three halvings occurred since…Bitcoin1 min readBitcoin1 min read
Dec 30, 2021Member-onlyBitcoin definedThe complete list of Bitcoin terms and what they mean — Reading about a subject without knowing the meaning of every technical term becomes real frustrating real fast. We all need easy-to-understand but accurate definitions. So here’s my attempt: bitcoin — the currency Satoshi/Sat = 100,000,000 of them make one bitcoin. They are the cent to the € and the penny to the $. It’s…Bitcoin3 min readBitcoin3 min read
Dec 22, 2021Member-onlyHave you ever heard of physical Bitcoin?A product from the early days — It might sound weird but physical bitcoin used to be a thing in the early days, and some are still in circulation. The most popular series of physical bitcoin is called Casascius. Mike Caldwell minted and sold them from 2011 to 2013. The coins are custom-made brass coins from a…Bitcoin2 min readBitcoin2 min read
Dec 19, 2021Member-onlyHenry Ford tried to create Bitcoin in 1921His idea of an energy-backed currency — In 1921 the New York Times published a report about Henry Ford’s plan to replace gold with energy as the new basis for global wealth. His problem with the system at the time sounds familiar. It was too centralized. A small group of bankers controlled the bulk of gold’s supply…Bitcoin2 min readBitcoin2 min read
Dec 18, 2021Member-onlyIt will take 119 years to mine the last 10% of Bitcoin’s…Why Bitcoin is the hardest asset of the… — Bitcoin1 min readBitcoin1 min read
Dec 17, 2021Member-onlySatoshi’s writingAll that’s left of Bitcoin’s creator — Bitcoin1 min readBitcoin1 min read
