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. 👩💻 Don’t leverage-trade it and risk being margin called. HODL! Do not read on! 🛑 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. 😅 You can also click on the image to download the printable PDF: 👇 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
🪙 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
Real estate is the largest asset class in the world. The market cap of all real estate is said to be north of $327 trillion (!) USD. Bitcoin, on the other hand, is tiny in comparison and trades at roughly $0.5 trillion USD at the time of writing. However, many real estate investors buy real … Read more
Bitcoin is still the king and number one crypto asset and a revolutionary decentralized technology that will outlast all of us and all of our institutions. One of the best ways to gain insight into the world of bitcoin and cryptocurrencies is by reading books on the subject. These books provide invaluable information, covering everything … Read more
If you’re diving into Bitcoin, having a handy cheat sheet can make all the difference. It can feel overwhelming with so many concepts to grasp and technical jargon to decipher. But don’t worry! 😌 We’ve got your back. We’ve compiled a list of the 10 best Bitcoin cheat sheets to make your journey smoother. So, … Read more
Bitcoin, a decentralized digital currency, uses a unique scripting system in its transactions to provide greater flexibility and security. One of the important script opcodes in this system is the OP_RETURN, which has provided an avenue for embedding data within the Bitcoin blockchain. 👇💡 The OP_RETURN is a script opcode that marks a transaction output … Read more
Once upon a time, I was a distributed systems researcher specializing in graph partitioning algorithms. Those were thrilling days, though I must admit I didn’t enjoy the daily commute and the time away from my family. During that period, I delved deep into classic distributed systems conundrums like the Byzantine Generals Problem. When I discovered … Read more