Bitcoin’s Cypherpunk ethos is not only alive, it’s thriving.

Imgage from bitcoin.com

This week, scrolling through Bitcoin Twitter, I came across a CoinDesk article titled “Bitcoin has Lost its way: Here’s how to return to Crypto’s Subversive Roots.” This rubbed me the wrong way, but it was nothing new. I’d heard the same complaint many times: That Bitcoin has abandoned its roots in favor of becoming mainstream. This time, however, I clicked the link, and read my first CoinDesk article.

The author opens with an interesting write-up of her career path, including a dive into Ethereum and the Syrian Civil War, before supporting her thesis at the very end. She outlined how…


Is FedCoin Feasible?

Since the inception of Bitcoin in 2008, we have seen a great number of other cryptocurrencies rise and fall. So far, all of these projects have come from the private sector. With the negligible example of Venezuela, a government has never launched its own cryptocurrency or fully digital currency. A FedCoin is this hypothetical government or central bank-issued currency. Its possible traits, feasibility, and competitive advantages and weaknesses will be examined here in relation to Bitcoin and the US Dollar. …


  1. FedCoin: A hypothetical cryptocurrency or other fully digital currency backed by the government(s) or supergovernmental organization (ie. the UN) .
  2. Bitcoin (BTC): A peer-to-peer cryptocurrency based on Proof-of-Work and a decentralized ledger called a blockchain. Satoshi Nakamoto developed Bitcoin in late 2008 and the Network launched on January 3, 2009. Bitcoin is an open-source project with multiple implementations. It has a limited supply of 21 million BTC and no central controller or server. It has experienced 99.9837% uptime since then, with 100% uptime since 2013.
  3. Blockchain: A type of database which uses cryptographic functions to ensure that every update
  4. Node…

Since the inception of Bitcoin in 2008, we have seen a great number of other cryptocurrencies rise and fall. So far, all of these projects have come from the private sector. With the negligible example of Venezuela, a government has never launched its own fully crypto or fully digital currency. A FedCoin is this hypothetical government-issued currency. Its possible traits, feasibility, and competitive advantages and weaknesses will be examined in relation to Bitcoin and the US Dollar.

To examine the feasibility of a FedCoin, it is vital to understand the nature of Bitcoin and its underlying structure, blockchain, a form…


When we examine the difference between hard money (Bitcoin) and soft fiat money, it is immediately obvious that loaning out the former will have lower marginal returns than the latter. The opportunity cost of loaning out 1 bitcoin includes the appreciation/deflation rate (which I will not estimate) that you could earn by simply holding the bitcoin yourself. On the other hand, since fiat money constantly declines in value, you have every incentive to do something, anything with that money to at least cover the rate of inflation and avoid losses.

We see this exact dynamic play out in today’s economy…


Today’s stock market, business cycles, and debt cycles are taken for granted. People just expect a recession every decade with consistent growth between recessions. This doesn’t make sense today, and it won’t in a Bitcoin world.

Currently, we live under a financial system where the currency devalues consistently and the most stable assets: treasuries, bonds, stocks, are all pyramided, with yields also declining. The US admits to a 2% inflation rate, but this number is dubious. It is likely higher, especially for middle and lower class families. Rational people recognize this, consciously or subconsciously, and make the rational choice.

They…


In the Bitcoin community, most everyone is convinced of the inevitable, eventual moon. There are, of course, short term bears and bulls, tolerant multicoiners and toxic maximalists, Austrians and inflationists. But what unites these people who own bitcoin is the belief in an massive bull run at some point in the future, when Bitcoin becomes at least a global reserve currency and at most, the only one.

This assumption is usually taken for granted. When “moon” conversations come up, they usually center on Lambos, “I told you so’s”, and other victory laps. However, very few people focus on the less…

Sachin Meier

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store