Air Guitars and Bitcoin Regulation

No one really sends or receives bitcoin. They merely transfer their ownership and specific control rights to the block chain on the giant public ledger in the cloud. It’s like an air guitar. The...

Bitcoin's Value is Decentralization

Recently I've read a lot of claims that Bitcoins don't have intrinsic value. I've come to a different conclusion. Bitcoins have intrinsic value if they enable desirable interactions that are not...

Bitcoin Attacks in Plain English

I get asked about Bitcoin a lot - mining, usage, fundamental economic principles, basic technical details etc. I spend a lot of time telling people the things they need to know about Bitcoin to...

Bitcoin Prevents Monetary Tyranny

Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être. Monetary tyranny can take many ugly forms. It...

Wait, Why Is This Worth Anything?

A few minutes into explaining Bitcoin to the uninitiated, the discussion invariably starts leaning in a particular direction and then "the question" gets asked: "Obviously some people think...