Gradually, Then Suddenly

TLDR: The premise of this theory is that bitcoin derives its value through exchange. Its ability to store value is of course anchored to its fixed supply, but its utility is in future exchange. Value is realized at the point of future exchange, and value in the bitcoin network is

Later this morning, I will be joining Mark Moss on his podcast to discuss these topics with he and Jeff Snider live at 10am CT (see link). The discussion was prompted by a comment I had made last week regarding a short video of Jeff discussing his view that bitcoin

In the Bitcoin Times Energy Edition, Gideon Powell wrote about the cultural importance of having an abundance mindset–which was contrasted to a scarcity mindset. Gideon's piece, “Bitcoin, Energy, and Human Ingenuity”, struck a chord for me and got me to thinking more about the relationship between abundance

Introduction & Overview to the Book The following downloadable PDF is the introduction to Gradually, Then Suddenly –A Framework for Understanding Bitcoin as Money. The introduction connects bitcoin's origin–its reason for being–to the Great Financial Crisis, beyond just the timing of its release. And in addition

Today, bitcoin is used predominantly as a long-term store of value. What I put forward is that bitcoin will transition from an exceptional store of value (albeit volatile and a bit clunky) to a currency used day-to-day that facilitates trade directly for goods and services. And that ultimately, virtually all

With my book just about at the finish line, it was time to get back at it. I'm excited to announce that both myself and Will Cole are joining Zaprite to work on bitcoin payments. See the links below for background on Zaprite and why we've

Housekeeping First. Thank you to everyone who has signed up for the blog. As I mentioned this morning on Twitter, I'm going to be transitioning off Twitter, moving 100% to the blog and a newsletter format. The official date is October 1, 2023. Twitter has become functionally unusable

Dear Senator Kolkhorst, As native Texans, we are writing to express concern regarding Texas Senate Bill (SB) 1751, which you co-sponsored and which recently passed a Business & Commerce Committee vote on April 5, 2023. This open letter follows a private appeal submitted via your office in March. We write

Gradually, Then Suddenly (#18)‌ ‌January 2023‌ Bitcoin is often described as a hedge, or more specifically, a hedge against inflation. Chamath Palihapitiya, respected in many circles as a venture investor, once described bitcoin on CNBC as schmuck insurance, qualifying that it’s the single best hedge against the traditional financial