Top Five Fiat Inaccuracies

A little more than nine years ago, we published here a list of the top five errors made about bitcoin. That post received some attention and so we tried again later. You might ask, what are the most common errors we make in our discussions of fiat currency? Thanks for asking! Without further ado: 1......

Payments of the Future

Johnny was about seven years old the first time he handled a transaction entirely on his own. Money wasn't entirely new to him of course. He had a wallet, knew about things having costs at shops, and he even knew some history. He'd heard something about the age of repurposing, even something about the great...

Maybe we should vote?

So the backstory here is that I received a handwritten letter from a "James", delivered with the US post office, who advised me to vote. The author didn't tell me who or what to vote for, just that they felt strongly that I should try to make my voice heard by voting. Maybe we should...

Smallblockism Explained

At this point, the story is ancient history. The August 2017 fork creating BCH and the following market action were basically the conclusion of what some people called "a debate in the community" as to how big bitcoin blocks should be. In the earliest days it was thought that the 1MB block limit was just...

Bitcoin is Vegan

Yeah sure, apart from the obvious fact that bitcoin doesn't contain animal protein, the statement doesn't immediately make a lot of sense. The V word is an adjective which describes food, bitcoin isn't food, therefore we have a non-starter. But wait. People sometimes use "Vegan" to describe other people, even when those other people aren't...

Bitcoin is Toast

Suppose you have an average 1200 watt toaster. Using this for 10 minutes will use 0.2 kWh of energy, costing you around 2 USD cents or about 100 satoshi (assuming here an average electrical energy cost of 10 USD cents per kWh). Keep in mind however that you aren't alone. Lets say for the sake...

Top errors made by bitcoin toxicalists

In general we don't like pushing errors to the stop of the stack, preferring to push the gems and roses to the top. However we have had some mileage in this channel by pointing out some of the top errors people make when talking about bitcoin. So without further ado here are some of the...