Prices and the market are intricately intertwined

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I recommend reading this article while listening to “Strix Aluco” by “Isan”

Prices reflect information

Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric. …


Bitcoin is a minimalist philosophy.

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Bitcoin Minimalism is a lifestyle that helps people question what things add value to their lives. An article by Conner Brown and myself, with other Bitcoiners providing input.

Create more, consume less

Bitcoin reduces your time preference and enables you to look long-term at saving and investing. It’s not about consuming, it’s about saving and investing that makes our world a great place.

By consuming less, you allow others to access good and services more cheaply currently. …


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A message from the Interchange co-founders

Today we have an exciting announcement from the Interchange team: we have been acquired by Kraken! We couldn’t be more thrilled to be joining one of the largest and most successful cryptocurrency exchanges in the world.

Why Kraken?

With Interchange, we set out to build best-in-class tools for institutional traders. Teaming up with Kraken enables Interchange to be the world’s first end-to-end crypto trading and reconciliation platform which is what we dreamed of doing.

This comes on the heels of two other acquisitions for Kraken in 2019. In early July, Kraken acquired Cryptofinance.ai, a Google Sheets add-on that connects to more than 50 exchanges to provide prices, market data and blockchain network data. Earlier in the year, in Kraken’s largest acquisition to date, it acquired Crypto Facilities, allowing the company to launch Kraken Futures. …


Fears over the declining block reward are overblown

Published Block: 576165

TL;DR — This article comprehensively addresses concerns around Bitcoin’s security model which is funded by the block subsidy and transaction fees. Key points:

  • The larger the Bitcoin network grows, the more secure it becomes.
  • Over the long term, an organic security tradeoff will occur between the block subsidy and transaction fees. As network effect becomes larger, demand for block space increases, thus decreasing the need for a block subsidy. We have empirical evidence that this is occurring, and future projections look optimistic.
  • Bitcoin’s block space is a scarce and unique commodity. It will continue to accrue demand.
  • The bull market of 2017 wasn’t millions of consumers suddenly using blockchains to transfer money around the world and seeking to minimize transaction, exchange, volatility, and coordination fees. …


The rise and fall of crypto narratives

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I’ve paired a song with this article because I think it fits the feel of the piece and adds additional depth. If you enjoy listening to this, please follow my playlist on Spotify.

Quantum Superposition

If you like audiobooks, I’ve done a voiceover of this article which is available to listen to on Soundcloud and YouTube.

In 1935, scientists wrote an article called “The EPR Paradox” which described the strange situation of quantum superpositions, in which systems can exist in multiple states corresponding to different outcomes simultaneously. In effect, the paper argued that there wasn’t only one but in fact multiple “true” realities. Each of these realities would remain valid until they were interacted with or observed by the external world. …


Sound Money (sanum pecuniam)

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Foreword

I wrote this series, “Planting Bitcoin”, to paint the origin story of Bitcoin leading up to the 10 year anniversary (10/31/2018). I felt that this story hadn’t been told in a comprehensive and easy to read manner. I’d like to thank Jill Carlson for incepting this idea on the road trip back from Tahoe in early 2018.

Introduction

Bitcoin’s origin is akin to planting a tree. It wasn’t just Satoshi’s selection of the species (code), but the season (timing), soil (distribution), and gardening (community) that were essential to its success. It had to grow to be strong, mighty, and huge. It had to survive droughts, storms, and predators. …


The Revolution Begins

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Introduction

In my last article, “Soil,” I covered the Cypherpunks or the “Soil” in which he planted the Bitcoin seed giving it the best chance for survival.

Satoshi’s design of Bitcoin’s genetic code made it the best species of money ever created, he waited for exactly the right moment to plant the seed, and had planted it in the most fertile soil. Now it was time to nurture Bitcoin’s development.

I’ve paired this song to “Gardening” because I think it fits the feel of the piece and adds additional depth. …


The Cypherpunks

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Introduction

In my last article, “Season,” I covered the precise moment in which Satoshi planted Bitcoin, the 2008 Financial Crisis. In this article, I cover the Cypherpunks or the “Soil” in which he planted the Bitcoin seed giving it the best chance for survival.

I’ve paired this song to “Soil” because I think it fits the feel of the piece and adds additional depth. If you enjoy listening to this, please follow my playlist on Spotify.

Cypherpunks

Sending the Bitcoin whitepaper to the cryptography mailing list on October 31, 2008 was the obvious choice. This was the right group to gather feedback from, the right channel to engage with. The list was predominately populated by the Cypherpunks* who were activists advocating widespread use of strong cryptography, as a route to social and political change. …


Central Banks and the 2008 Financial Crisis

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“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” — Satoshi Nakamoto

Introduction

In my last article, “Species,” I covered why Satoshi’s design of Bitcoin’s genetic code made it the best species of money ever created.

Satoshi had begun crafting Bitcoin’s genetic code in 2007 but had waited for the right moment to plant the seed, the right moment in which the world would understand and embrace what he had created. In this article, I will dive into the moment in which Satoshi precisely chose to plant the Bitcoin seed. …


Sound Money (sanum pecuniam)

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Foreword

I wrote this series, “Planting Bitcoin”, to paint the origin story of Bitcoin leading up to the 10 year anniversary (10/31/2018). I felt that this story hadn’t been told in a comprehensive and easy to read manner. I’d like to thank Jill Carlson for incepting this idea on the road trip back from Tahoe in early 2018.

Introduction

Bitcoin’s origin is akin to planting a tree. It wasn’t just Satoshi’s selection of the species (code), but the season (timing), soil (distribution), and gardening (community) that were essential to its success. It had to grow to be strong, mighty, and huge. It had to survive droughts, storms, and predators. …

About

Dan

Growth @Krakenfx . Frmr: @InterchangeHQ (acq by @Krakenfx ), Global Data/Rider Growth @Uber , First PM @Blockchain , Co-Fndr @ZeroBlock www.danheld.com

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