I had conceived of this article as a Ted talk. Maybe one day, if I’m lucky.
For now, I’m publishing it here. It’s something that I’ve been thinking about for a while and I feel compelled to put it out there. Somebody needs to say it — why not me?
This article is about why bitcoin means so much to the Millennial generation.
In one sense, it’s a defense of bitcoin from people who can’t understand why it has any value or why we would spend our time and money on it.
In another sense, it’s a reflection on Millennials — our history and values. …
As a bitcoin writer, I get a lot of people asking whether “now” is a good time to buy bitcoin.
(Spoiler: it is always a good time to buy bitcoin, but some times are better than others.)
Check any website, social media platform, and chat group and you’ll see most people are obsessed with bitcoin’s price.
Nobody can predict that, no matter how many YouTube videos they publish or how many Twitter followers they have. Statistical models are great, but there are many and they all disagree with each other.
I’ve found the best insights come from looking at what people do with bitcoin and how those actions have historically led bitcoin’s price to change. After all, bitcoin doesn’t make its price go up and down, we do. …
Now that bitcoin’s price has gone up a bit, people have started asking me about it.
After about two years of apathy, my friends are interested again!
Of course, they’re not interested in the social, cultural, and economic impact of a global, public, cryptographically-secure, time-stamped distributed ledger.
(Which stinks, because I wrote two books about this.)
No, they’re all about price.
“Hey, Mark, I just checked my Coinbase wallet, bitcoin’s price is almost back to where I bought it at!”
To be fair, I’ve noticed one difference in the types of questions I get now compared to 2018 (once we get past the “price went up” chit-chat). …
Ponzi, fraud, and rat poison squared.
Those are three terms you may have heard people use when talking about bitcoin.
If you’re in that camp, you‘re in good company. Pretty much everybody hates bitcoin.
Bitcoin will succeed anyway.
Yes, your arguments start with facts, but facts do not always tell the truth. Perspective is important, too.
Read below for some statements that don’t matter. Believe them at your own risk.
Let’s run down a few reasons people hate bitcoin.
You can’t use it without electricity.
Can’t fool you, smarty pants!
Do you know what else you can’t use without electricity? …
Imagine I told you about a technology that could revolutionize finance and governance.
As the #1 disruptor of a $100 trillion market, it has a massive first-mover advantage over its peers. Thousands of developers already use it, several big companies now sell it, and a few billionaires launched new ventures to make it more valuable, useful, and popular.
Since its inception, its value has grown over one million percent. Over the past 18 months, its price has tripled. It’s up almost 50% so far this year — and it still hasn’t even captured 1% of its target market.
Would you consider putting any money into that opportunity? …
“The global bastard,” COVID-19, continues to wreck everything, but this will change sooner than you think.
Since the outbreak began, the world has ramped up its production of medical supplies, tests, and personal protective equipment. Scientists now have several promising vaccine candidates, effective treatments, and drugs that help people get less sick, need less care, and die less often.
It may take another year to get these interventions into the hands of everybody who needs them, but it’s no longer a question of if. Now, the only question is when. I’ll bet sooner than later.
Once we tame COVID-19 and life starts to get back to normal — whatever “normal” means in the post-COVID-19 world — humanity will have massive problems to deal with. …
Recently, I talked to Artur Meyster at Career Karma about jobs in the blockchain and cryptocurrency industry. He put together an article you might enjoy, which I’m publishing on his behalf.
Read below for some “food for thought” and useful links.
Looking to break into the blockchain industry in this unprecedented year of 2020?
Good choice. The blockchain industry has exploded over the past couple of years and the demand for software developers is continuing to increase.
The pay is great, and like so many areas of the tech industry, a traditional college degree is not required. Instead, blockchain companies prefer experience over education. …
Recently I had a chance to chat with Adel de Meyer, entrepreneur and leader of DAPS coin, a fully anonymous staking coin and payment system. Her project recently published a new DAPS whitepaper and announced its web wallet.
In our conversation, we talked about her journey into crypto, how the project came together, the challenges of building a cryptocurrency from scratch, risks of working on privacy coins, and her goals for the future.
As cryptocurrency grows and more people think about financial privacy in the digital age, projects like DAPS will help define the limits and opportunities of blockchain technology to protect confidentiality and individual rights. …
From 1957 to 1958, the United States suffered a recession on the heels of a pandemic flu outbreak. Unemployment hit its highest level in decades. Prices rose as the economy shrank, whacking workers with a double whammy — less money, higher prices.
In response, the government cut interest rates, lengthened unemployment benefits, and accelerated government construction projects. Within a year, the U.S. economy recovered.
While COVID-19 is far more deadly, contagious, and difficult to treat than the 1957 flu (it’s not even a type of flu), it likewise received an aggressive public response, as did the recession it left in its wake. …
Imagine you had a choice: pay your taxes with money that always loses value or money that always gains value. Which would you choose?
You’d pay with the money that loses value. Why give up money that will be worth more in the future when you can give up money that will be worth less?
Now, imagine you had a choice of getting paid with money that always changes price or money that always stays the same price. Which would you choose?
You’d choose the money that keeps a steady price. Otherwise, you wouldn’t know how to price your labor or plan expenses. …