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Fixed Supply Tokens, like Bitcoin, can't become currencies because of their deflationary supply Link to the article: https://bitflate.org/post/2021/11/27/why-fixed-supply-tokens-ca…

Closing schools and lockdown exacerbate the inequality that has already been in place. Instead of seriously looking at how to address the problems, we blame it on lockdowns. We're …

For those who are confused by Taleb, I recommend reading some Eastern philosophy. It offers insights for coping with circular and contradictory life. Tao Te Ching, Yi Ching, Buddhi…

I have the opposite take. In bull runs, the market swings between BTC and altcoins. Dogecoin rise unintentionally benefits ETH. It weakened Bitcoin but strengthens Dogecoin and Eth…

Elon Musk will learn that Bitcoin is difficult to control. He seems pretty confused about the market. My guess is Elon has been using Dogecoin to reign in Bitcoin. He's somewhat go…

The chart compares Bitcoin's price performance between halvings (2016, current). Halving price series are calculated since halving date. The formula is: Projected Price = Price on …

Taleb changed his mind on this subject. :) I can see Bitcoin as a "stable" long-term Store of Value. Short-term, it's always volatile. It's not suitable as a Medium of Exchange.

The problem with using Bitcoin for payments is volatility. Bitcoin's price is volatile. Bitcoin supporters say volatility will go down "at some point". The logic is pretty silly. B…

I follow cryptocurrency and they usually say: Bitcoin Fixes This. It sounds pretty silly. Bitcoin hasn't really fixed anything. It's just a generalization. But the motto draws atte…

Keynesians think money grows on tree. It is true in some senses. Apples grow on tree. At the extreme, they think money is imaginary. They can print as much as they want. Austrians …

Sorry, it's not a guaranteed peg. It's more like a conversion.

It's difficult to build layers on top of the Bitcoin blockchain. The base asset, Bitcoin, is volatile. Its volatility affects the assets on 2nd layers. There isn't a one-one peg be…

Because real world assets don't get minted like crypto. They are tied to physical world. They are volatile. Bitcoin produces a block every 10 minutes. It's a fairly precise schedul…

I don't think cryptocurrencies will replace fiat completely. They're still crypto. They have fixed rules. We still need currency "bridge" between crypto and the real world. Cryptoc…

Bitcoin, Ethereum, and cryptocurrency spawn a generation of people who worship Austrian economics. This ETH upgrade is making ETH even more deflationary. People are obsessed with p…

Bitcoin is bad for the environment, for now. There is no way to value Bitcoin. It has no intrinsic value. Its valuation is a narrative. The higher the price goes, the more energy w…

The US Dollar is supposed to be a Medium of Exchange and a Unit of Account. It is also being used as a Store of Value for countries with unstable currencies. Demand for the dollar …

You're comparing want (saving) and utility (spending). They're contradictory. They have different purposes. A functioning money system needs to have: (1) A Store of Value (2) A Med…