Tag:

bitcoin

BitCoin Lightning Network: adding more layers of software increases the surface area of attack

Please do some more research […] when the LN (Lightening (sp) Network) comes out it will address these issues and maintain the 1mb block size which will help it remain decentralized.

The lightening (sp) network coming soon will solve many current problems with Bitcoin.

I don’t think you understand.

“I don’t think you understand… Read more

A theory: how BitCoin will be used as a scapegoat for bad monetary policy

Here’s my conspiracy theory in a nutshell:

The hype of cryptocurrencies is backed by governments and banks (Russia and China are explicitly doing so).  Global market psychology is manipulated by driving up cryptocurrencies with an injection of capital (on the scale of 70%+ of the market cap). The sharp rise in the price of cryptos garners widespre… Read more

To the moon, BitCoin! When taxicab drivers are buying it, it must be a sound investment, right? Right?!

As of the time of the writing of this article, BitCoin has eclipsed $15,000 USD/BTC, nearly double its value from a month ago.  Similarly, another cryptocurrency which I tout as technologically better than BitCoin due to its more privacy friendly transactions, Monero, has nearly tripled in the same timeframe.

Just tracking the visits to my post on how to mRead more

With Bitcoin looking to break through $10K USD today, how would a future using just cryptocurrency look like?

Global housing markets, stock markets, cryptocurrency markets, you name it — everything is at record highs today.

What else is at record highs?  Debt.

It is still folly to think any market is primarily operating under fundamentals rather than leverage-fueled speculation.

The cryptocurrency bubble is interesting because it has the persuasive pro… Read more

“Lose Bigly” later: facts in a world where only persuasion matters

Scott Adams, author of Dilbert and self-proclaimed hypnotist, believes that persuasion is the dictating force in a world where facts don’t matter.

I largely believe he is right. However, I believe that psychology is what influences the short-term future. In the long term, the trend is dictated by facts and fundamentals.

We are talking about the tre… Read more

The rise of riser cards: cryptocurrencies have ushered in an era of wastefulness

In order to meet the demand of the cryptocurrency bubble, hardware manufacturers have increased manufacturing of “riser cards”.  A riser card allows bulky expansion cards such as graphics cards to attach to a motherboard without being inhibited by a shortage of space on the motherboard.

The demand for video cards and riser cards have risen … Read more

Easy step-by-step guide to mine Monero on Windows 10 for beginners

Estimate of total time required for average computer user: 10 minutes.

If you are looking to get into cryptocurrency without risking a dime, you can use your existing work and home computers to mine cryptos while you are away from the computer.

Despite my criticisms of cryptocurrency, there’s no reason not to partake in the bubble if it comes at no cost… Read more

Max Keiser goes insane at Nexus Conference Part 2: closing statement is an own-goal against BitCoin

Yesterday, I refuted Max Keiser’s most unemotional, well-thought out argument during the Keiser vs. Schiff debate at the 2017 Nexus Conference.

Today, I’m posting a correction.

Keiser’s most unemotional, well-thought out argument actually happens in his closing statement, where he made a strong case against BitCoin:

You did

Read more

Max Keiser goes insane at Nexus Conference! Why his strongest argument for BitCoin is weak

BitCoin cheerleader Max Keiser recently “debated” gold bug Peter Schiff at the Nexus Conference.  It wasn’t a debate.  It was a comedy show.

Just to clarify right away, I am not making a case for gold over cryptocurrencies. My position is that both are overinflated by the debt bubble (see There’s no use arguing BitCoin vs. gold)… Read more

Complexity doesn’t sell — “you don’t understand cryptocurrencies” is not an argument

Saying “you just don’t get it” is a persuasion tactic normally held by stakeholders trying to make the sale. It implies that skeptics are too dumb to understand. It persuades people to side with the cool kids so that they can hurl the same arrogant insult to other naysayers. BitCoin and cryptocurrency holders are supposedly brilliant fo… Read more