December 23, 2020 in Gradually, Then Suddenly

Bitcoin is the Great Definancialization

Have you ever had a financial advisor (or maybe even a parent) tell you that you need to make your money grow? This idea has been so hardwired in the…
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August 27, 2020 in Gradually, Then Suddenly

Bitcoin is One for All

At the Democratic National Convention (August 2020), Congresswoman Alexandria Ocasio-Cortez described the Bernie Sanders presidential campaign as, “a movement that realizes the unsustainable brutality of an economy that rewards explosive…
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June 12, 2020 in Gradually, Then Suddenly

Bitcoin is Antifragile

If one thing is certain, it is that bitcoin is humbling. It humbles everyone. Some sooner than others, but everyone eventually. Individuals you respect may have called bitcoin a fraud…
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May 1, 2020 in Gradually, Then Suddenly

Bitcoin is Common Sense

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a…
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March 26, 2020 in Gradually, Then Suddenly

Bitcoin is a Rally Cry

“To the People of Texas and all Americans in the world.” In his open call to arms from the Alamo, Lt. Colonel William B. Travis began with an expression of…
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January 24, 2020 in Gradually, Then Suddenly

Bitcoin Obsoletes All Other Money

When it comes to bitcoin adoption, there are generally two rules that never seem to fail. Everyone always feels late, and everyone always wishes they had bought more bitcoin. There…
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November 29, 2019 in Gradually, Then Suddenly

Bitcoin is Not for Criminals

If you have ever heard (or happen to believe) that bitcoin is primarily a tool used by criminals, stop and take a quick sample of your friends and family that…
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November 8, 2019 in Gradually, Then Suddenly

Bitcoin Cannot be Banned

The idea that somehow bitcoin can be banned by governments is the final stage of grief, right before acceptance. The consequence of the statement is an admission that bitcoin “works.”…
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October 18, 2019 in Gradually, Then Suddenly

Bitcoin is Not a Pyramid Scheme

A few years ago, I received an email from a friend asking for my opinion about an investment opportunity that a mutual contact of ours was considering. After a quick…
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September 27, 2019 in Gradually, Then Suddenly

Bitcoin is Not Backed by Nothing

Contrary to popular belief, bitcoin is in fact backed by something. It is backed by the only thing that backs any form of money: the credibility of its monetary properties.…
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September 6, 2019 in Gradually, Then Suddenly

Bitcoin, Not Blockchain

Have you ever heard a smart sounding friend say that they aren’t sure about bitcoin but they believe in blockchain technology? This is like saying you believe in airplanes but…
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August 30, 2019 in Gradually, Then Suddenly

Bitcoin Fixes This

This past week marked that time of year when global central bankers, establishment economists and CNBC, et al. descend on Jackson Hole, Wyoming to discuss the systemic issues that plague…
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August 23, 2019 in Gradually, Then Suddenly

Bitcoin is Not Too Slow

In Peter Thiel’s Zero to One, he outlines the impact new technology has on building a non-zero sum future. While the book is focused on individuals and companies, bitcoin as…
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August 16, 2019 in Gradually, Then Suddenly

Bitcoin Does Not Waste Energy

How many times have you heard the safety instructions before a standard commercial flight? You probably know them by heart, but every time, prior to takeoff, flight attendants instruct passengers…
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August 9, 2019 in Gradually, Then Suddenly

Bitcoin Is Not Too Volatile

Has anyone you respect ever told you that bitcoin doesn't make any sense? Maybe you've seen the price of bitcoin rise exponentially and then seen it crash. You write it…
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August 2, 2019 in Gradually, Then Suddenly

Bitcoin Can’t Be Copied

As kids, we all learn that money doesn’t grow on trees. As a society on the other hand, we have become conditioned to believe that it’s not only possible but…
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July 26, 2019 in Gradually, Then Suddenly

Gradually, Then Suddenly

Introduction This is the first of a weekly series that I’ve decided to write on the subject of bitcoin, inspired by my friends Marty Bent and Saifedean Ammous. Education is such…
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July 26, 2019 in Gradually, Then Suddenly

Enders Game

For context, the following research piece was written just before the Fed began to unwind its balance sheet (October 2017) and it hasn't been revised or altered since. At the…
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November 29, 2022 in Learn

What the fees: How do bitcoin transaction fees work?

One of the more challenging aspects of understanding bitcoin is the paradigm shift in how transaction processing works, which often causes quite a shock for users who encounter high fees…
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November 17, 2022 in Learn

Faraday bags: Do you need one for your bitcoin hardware wallet?

A Faraday bag can protect bitcoin hardware wallets from two primary threats: radio waves and electromagnetic pulses. Whether Faraday bags are an essential tool for securing your hardware wallet(s) depends…
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November 15, 2022 in Learn

What is a CoinJoin and how do they work?

As we explained in our prior guide, maintaining privacy while using bitcoin can be a challenge. Ideal privacy in bitcoin requires you to take responsibility—you have to select addresses and…
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November 14, 2022 in Learn

What happens to my bitcoin if an exchange fails?

Cryptocurrency exchanges can fail. Whether due to hundreds of millions of dollars of funds stolen leading to bankruptcy, breaches of institutions that use exchange custody, or pausing withdrawals while taking…
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October 27, 2022 in Learn

The ultimate guide to bitcoin self-custody for miners

As a bitcoin miner, you have a lot to manage, from seeking out inexpensive electricity, to constructing facilities, to acquiring rigs and building a knowledgeable team that can keep them…
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October 21, 2022 in Learn

4 ways to fund a bitcoin Roth IRA

Roth IRAs can be powerful tools, but funding strategies can vary from person to person. To help you take advantage of tax-free bitcoin in a Roth IRA, we’ll cover the…
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October 11, 2022 in Learn

What is a bitcoin hardware wallet, and what do they do?

A bitcoin hardware wallet is a compact, dedicated device that generates and safely stores your bitcoin's private and public keys offline. Private and public keys are used by your chosen…
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October 3, 2022 in Learn

UTXOs, addresses, and CoinJoins: Preserving privacy in a bitcoin economy

Earlier this year, we published two articles focusing on UTXOs. The first article, What is a bitcoin UTXO and why do they matter? served as an introduction to understanding UTXOs…
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September 30, 2022 in Learn

6 strategies for dealing with bitcoin volatility

In a healthy market, volatility is the price you pay for growth. No pain, no gain. If bitcoin continues to grow, it will likely continue to be volatile. Volatility is…
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August 24, 2022 in Learn

How to establish a dollar-cost averaging (DCA) plan as a bitcoin saver

Dollar-cost averaging (DCA) is a popular strategy for building long-term savings, typically involving fixed-sized purchases of a target asset on an ongoing basis. As long as the asset you’re buying…
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August 12, 2022 in Learn

Bitcoin slang defined: HODL, HFSP, FUD, Whale, & more

Many bitcoin-adjacent subcultures have cropped up in the time since its 2009 launch, and with new subcultures often comes new terminology. "Bitcoin" was once a novel word itself—it first appeared…
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August 5, 2022 in Learn

What is dollar-cost averaging (DCA) and why is it popular in bitcoin?

Dollar-cost averaging (DCA) is a time-tested strategy for saving and investing used by millions worldwide. While useful for acquiring any asset you think will grow in value in the long…
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August 3, 2022 in Learn

More UTXOs, more problems: High fees, signing failures, and how to avoid them

Building on our first article covering what UTXOs are and why they matter, we’ll now dive deeper into various situations where you may need to actively manage the UTXOs in…
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July 26, 2022 in Learn

The different ways to buy bitcoin compared: Exchanges, P2P, ATMs, and more

Since bitcoin's introduction in 2009, the infrastructure for trading has grown substantially. Initially, there were no platforms on which to buy bitcoin as it didn't even have an exchange rate…
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July 19, 2022 in Learn

6 common pitfalls of self-directed & checkbook IRAs

You don't often see the term "Roth IRA'' trending online, but last year, tech investor Peter Thiel made headlines for his $5 billion tax-free Roth IRA piggy bank. How did…
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July 15, 2022 in Learn

When do I need to replace a key for my bitcoin multisig wallet?

Holding the keys to your own bitcoin in a multisig wallet helps eliminate single points of failure. If a key in your wallet setup is lost, destroyed, or compromised, there’s…
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July 5, 2022 in Learn

21 ways to lose your bitcoin

According to various reports, 10-20% of the circulating supply of bitcoin is likely lost forever. However, the term "lost" in bitcoin has a different connotation than with other types of…
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June 23, 2022 in Learn

How does the bitcoin source code define its 21 million cap?

Many of bitcoin’s staunchest critics have expressed doubt about its 21 million cap, but perhaps the most mindless criticism relates to the fact that the supply limit is not specified…
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June 17, 2022 in Learn

What is a bitcoin UTXO and why do they matter?

Although many users may not realize it, all bitcoin wallets need some level of maintenance to be properly managed. If you’re using a custodian, they take care of these things.…
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June 15, 2022 in Learn

How many bitcoin are there?

When Satoshi Nakamoto created bitcoin, he established in its code a fixed number of bitcoin that will ever exist. Since the protocol first launched, new bitcoin have been issued on…
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