Satoshi didn’t envision Bitcoin as a new class of bank controlled by the same corrupt power structures as our current financial system. Custodial solutions like Lightning are not changing our broken system. Users must control the keys to their digital money, not third parties.
@KimDotcom
Bitcoin: A Peer-to-Peer Electronic Cash System The Bitcoin whitepaper is 9 pages long and consists of an Abstract and 12 sections. While i have read many articles about Bitcoin (see references below), for the purposes of this post i refer to the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” only: Bitcoin Whitepaper: ABSTRACT – Satoshi Nakamoto outlines: The Problem: There is no way...
Digital Gold (Asset) versus Distributed Computational Economy (Payment Coin) What is worth more? A cryptocurrency that provides a store of value like Gold? Or the original Bitcoin draft code and vision that was looking to build a distributed computational economy that could power global electronic cash, trade and services for a huge percentage of the world (both the banked and the unbanked). It...
Many people who have held bitcoin for a long time have been through several boom and bust cycles. Recently, many folks have noticed a pattern to these cycles linked to the bitcoin halving event that happens every 210,000 blocks or approximately every four years. The next one is anticipated to occur in April/May 2020. Historically, these halving events have not been properly priced into the...
I spent the first part of my career as a Currency Strategist in the City of London. One of the nice things about being a currency forecaster is that expectations of you are very low. Moderate success is a great surprise. But there are a few things which are more certain than others. For example, at any one time, there tends to be a single dominant currency in the financial world, not two or more...
The global financial landscape is undergoing rapid transformation led by the creation of modern future proof cryptocurrencies. Cryptocurrencies are the future of money. Their universal access allows anyone with an internet connection to utilize the power of this innovative technology. Payment Coin (POD) is simply a faster next generation form of digital cash than Bitcoin.
