I assume you’re a human reader even though the apriori probability is not on my side on this assumption. As a human, you need calories to power your daily life. But if you have enough calories, air, and water, you can survive everywhere, develop, and figure out the small and big problems. If you’re powered … Read more
Ever found yourself scratching your head, trying to figure out why someone would invest in ether (ETH) instead of just using it on the Ethereum network? Let’s look at Fidelity’s recent report on Ethereum’s Investment Thesis. Ethereum vs Ether Ethereum vs. Ether: Picture Ethereum as a bustling digital city, and ether (ETH) as the currency … Read more
Price is a function of supply and demand. Increase demand and price goes up. Increase supply and price goes down. Bitcoin has a fixed supply of 21 million coins forever. So we don’t need to worry about supply, it is 100% predictable and limited to 21,000,000 BTC in the year 2140. With fixed supply, the … Read more
Metcalfe’s law states that the value of a network (V) is proportional to the square of the number of connected users of the system (NĀ²). In this article, I’ll develop a Bitcoin price prediction (V) in the year 2030 based on the average growth rate of the number of Bitcoin nodes (N). General Intuition Metcalfe’s … Read more
š Story: Alice has just been orange-pilled and decides to spend a few hours reading Bitcoin articles. She lands on a mainstream media article on “Bitcoin’s high energy consumption” proposing alternative (centralized) “green coins” that supposedly solve the problem of high energy consumption. Alice gets distracted and invests in green tokens, effectively buying the bags … Read more
What is the scarcest desirable resource on Earth? Before you read on, I want you to commit to an answer. Is human time the scarcest resource? No. You can always produce more humans. Your human time might be limited but human time in general is a renewable resource. Is energy the scarcest resource? Well, no. … Read more
Bitcoin is already leveraged enough. š©āš» Don’t leverage-trade it and risk being margin called. HODL! Do not read on! š Still there? Fine. Let’s get this over with. Please leverage only a small portion of your Bitcoin assets. The majority should be safe in an offline hardware wallet. This article will introduce you to the … Read more
I just wrapped up designing a printable PDF poster of the Bitcoin whitepaper. Spotted a different one on the web, and since I’ve already made a Bitcoin whitepaper cheat sheet, I couldn’t help but take a crack at it myself. š You can also click on the image to download the printable PDF: š If … Read more
Ledger hardware wallets are a go-to choice for many crypto enthusiasts looking to store their digital assets securely. Their technology revolves around the generation of a 24-word recovery phrase, a critical component in the security of the wallet. Let’s dive into the inner workings of Ledger’s security, explore how the 24-word recovery phrase is created, … Read more
šŖ Meta: This quick article condenses the essence of the Bitcoin whitepaper without skipping technical details. It’s entirely based on my recent “Bitcoin Whitepaper Cheat Sheet” that received quite some popularity on Reddit with 20k views. You can also download the PDF here: Abstract: A purely peer-to-peer (P2P) version of electronic cash for direct payments … Read more
I believe the whitepaper is in the top three papers to understand as a human in the 21st century. Every computer scientist should know the groundbreaking Bitcoin invention by Bitcoin’s famous creator Satoshi. To make the whitepaper more accessible for Bitcoiners, investors, and systems researchers, I created this Bitcoin whitepaper cheat sheet. My gold standard … Read more
As data becomes more and more abundant, digital scarcity becomes more valuable. Let me explain. Imagine a world where robots built houses for free. The abundance on one side (=houses) increases the scarcity on the other side (=land). Consequently, prices of land would skyrocket. Similarly, digital bots and generative AI create floods of digital information, … Read more