Open networks are networks that do not require permission to build on top of, or use. These are inherently better than permissioned or closed networks guarded by gatekeepers, as the sheer volume of people able to access and build new innovations on the network dwarf any benefits given by a closed network.
Bitcoin
Central Bank Digital Currencies: A Technocratic Fallacy
CBDCs are bigger than most think. They are the fundamental mechanism for the āGreat Resetā in my eyes and will affect close to everyone on this planet in a plethora of ways.
Inflation is not a victimless crime
Inflation starts slow, but picks up speed as the real value of the money is diluted. In Roman times this was achieved by diluting coinage with other base metals, less expensive to produce, such as tin or lead, in the modern era it is achieved by printing more notes or increasing the supply digitally. The end result is the same: decreasing the utility of money to serve as a measure of value until it is abandoned by the masses. This sounds rather academic, but what is actually taking place is that the elites who control the money printer are using it to steal from everybody else. Inflation is not a victimless crime, it is theft at the grandest scale possible!
Protect your privacy, protect your Bitcoin
Privacy in Bitcoin is and will become one of its most important factors in fighting the banking system and to protect yourself against regulatory risk – which will become bigger and tougher over time.
Privacy is also a human right and should always be so. It is our every right to keep our own things private including our money and wealth.
Let’s look at the Bitcoin side of life
It seems like thereās a lot of negativity in many South Africansā and Bitcoinersā lives right now. Riots, inflation, corruption, load shedding and of course …
Bitcoin is insurance against black swan events
Weekly News The widespread chaos in the South African provinces of Kwa-Zulu Natal and Gauteng are evidence that previously āsafeā investments such as residential, commercial …
Durban burns as thousands of looting mobs ransack the city. Is your pension next? Bitcoin fixes this.
The integrity of your bank balance, pension, home and all your worldly physical possessions are subject to the rule of law being maintained. This weekend has shown us that this thin veneer can rapidly be breached.
But what if you owned an asset that cannot be confiscated? This asset exists, itās called Bitcoin.
Chinese crackdown causes 50% drop in hash power, but the Bitcoin network remains unaffected.
We owe Chinese Bitcoin miners a standing ovation for the service that they have provided to Bitcoin. They have secured the network for years and paved the way for the industrialization of Bitcoin mining.
The Bitcoin hash rate has plummeted – what does this mean?
Some see this event as a warning sign, some this as an opportunity. In the long-term, China has effectively removed the last area of centralisation that Bitcoin has left.
Itās awfully bearish out there and the HODLers donāt seem to care
HODLers are acquiring more than the speculators are selling and thus, there is a good chance that a price floor has been set for this accumulation period.