A recent report by CoinKickoff demonstrates the failures of various altcoin projects throughout the years, and how bitcoin is the standout survivor. According to their data, 91% of the coins that were present for the 2014 cryptocurrency market crash are now entirely abandoned. A large portion of coins that are now dead were created in … Read more
This is a recording of a recent Twitter Spaces conversation about lessons users have learned from dabbling in other cryptocurrencies besides bitcoin. Listen To This Twitter Spaces: Transcript [0:06] Alex McShane: …It’s too much risk. These trusted third parties that are leading these projects are security holes as the saying goes. I would rather just … Read more
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. We’ve all heard the hype. Nano-technology, quantum computing and cold fusion. They’re supposed to come real soon and change everything. Tiny machines that build skyscrapers from dirt. Computers with enough computing power for … Read more
The below is a direct excerpt of Marty’s Bent Issue #1212: “Save a friend, tell them to get out of the Coinbase casino.” Sign up for the newsletter here. (Source) You’ll often hear “Bitcoin maximalists” derided for being anti-free market when cautioning newcomers to stay away from altcoins and the exchanges that push them. Those … Read more
This is an opinion editorial by Joakim Book, a Research Fellow at the American Institute for Economic Research, and writer on all things money and financial history. All (fiat) monies struggle with getting their users to hold the liabilities of their issuer. Put differently, only issuers with some degree of trust or credibility manage to … Read more
Wind and solar are altcoins. They are unreliable, costly and make as much sense as LUNA. “Green” energy takes up too much real estate for the energy they provide but they grow through propaganda and subsidization like preferred pronouns on Facebook. Despite claims of being renewable, they require resources from the earth like everything else … Read more
As someone who learned the importance of “Bitcoin-only” from the personal experience of getting rekt, I feel a determination and duty to ward off newcomers from other cryptocurrencies, which I believe to be outright scams at worst (or subtle ways for others to take your bitcoin, at best). In my experience leading meetups and teaching … Read more
In 1999, a civil engineer by the name of David Phillips managed to earn 1.2 million miles by taking advantage of a promotion by Healthy Choice. He did this by mailing in UPC labels from their pudding cups and henceforth became known as The Pudding Guy. This became an early internet meme, like “All your … Read more
“Can you review our white paper?” I was at my first altcoin conference, in Los Angeles. It felt strangely appropriate because whitepapers in “crypto” are the equivalent of movie scripts in Hollywood. Everybody has a crappy one that they’re desperate to get people to read. “You do realize I think these things are scams, and … Read more
This article is the written version of a video presentation which can be viewed here: Bitcoin is outdated. Bitcoin is too slow. Bitcoin is too simple. Chances are you’ve heard one of these arguments, or maybe even made some of these claims yourself. With bitcoin sitting around $40,000 at the time of this video, many … Read more