Tuesday, May 28, 2019

Bitcoin will be regulated to death

Bitcoin will be regulated to death. How?
Bitcoin exchanges will be unable to on-ramp fiat customers due to a ban by the banking industry.
The banking industry will be regulated and ordered to not allow fiat transactions to or from exchanges.
With exchanges barred from fiat banking, the price of Bitcoin will plummet and holders (hodlers) will sell.
Bitcoin will become worthless and will die. This is what exchanges and their executives fear the most.



Sunday, May 26, 2019

Bitcoin vocabulary

How will vocabulary change, or be created, for paying and selling increments of Bitcoin?

For example if and when Bitcoin become too expensive for people to buy 1 whole Bitcoin, how will be refer to 0.00010000 Bitcoin?

1.0 BTC = "One Bitcoin"
0.00000001 = "One Satoshi"

How will vocabulary change for these missing increments...

0.00000001 BTC = "One Satoshi"
0.00000010 BTC = "One Nakamoto"?
0.00000100 BTC =
0.00001000 BTC =
0.00010000 BTC =
0.00100000 BTC =
0.01000000 BTC ="One cent of Bitcoin"

Thursday, May 23, 2019

Bitcoin Log View, to good to be true?

Doing simple analysis of Bitcoin in log view on Trading View. It seems too good to be true for Bitcoin in the next few years. A big part of me thinks we are missing something, and it is too good to be true. I think the undoing will be human greed, whereby transferring to real world assets and fiat currency will eventually mean the log charts we are all hopefully of, will never materialize.

Thursday, May 16, 2019

Bitcoin's 1-page elevator pitch

https://www.ericfreeburg.com/why-bitcoin/

https://www.ericfreeburg.com/assets/pdfs/why-bitcoin-summary.pdf

Why Bitcoin?

Bitcoin's 1-page elevator pitch: It's all about the digital scarcity. Bitcoin is quantifiably scarce and provably secure.
https://www.ericfreeburg.com/assets/pdfs/why-bitcoin-summary.pdf


It’s all about the digital scarcity

Bitcoin is the first and only digital object that is both quantifiably scarce and provably secure. This makes Bitcoin the next logical evolution in money… its just better money.
In the world of commodities, there is a spilt between monetary assets, those with a high stock-to-flow (SF) ratio, and standard commodities which have a utility value [1].
This matters because Bitcoin as the next money is just digital gold. Commodities with a SF above 1 are incredibly rare. Only Gold and Silver have SFs meaningfully above 1.



Stock-to-Flow (SF) = available stockpiles / annual production
In Q2 of 2019 Bitcoin had a stock of 17.5M and a flow of about 700,000 bitcoins per year. This means Bitcoin has a Stock-to-Flow of 25. This puts it right into the monetary category, just above silver, and well below gold.

Once every four years...

There is a halving where the number of Bitcoins created diminishes by half [2]. What you notice is that these halvings become very important because they double the stock to flow ratio of Bitcoin.
In May 2020, Bitcoin will undergo the third of it's quadrennial halvings, doubling Bitcoin’s SF to 50.

Money is important

Not only because of it’s financial implications, but also, because just like language, money is key for human cooperation. Better money leads to better cooperation. And money is but a technology which can be improved upon. Rather, it is a technology which has already been improved upon [3].

Bitcoin is a real piece of art, its deep, its fundamental and yet simple….

[1] The Bitcoin Standard  –  Saifedean Ammous (@saifedean)
[2] Bitcoin: A Peer-to-Peer Electronic Cash System  –  Satoshi Nakamoto
[3] Modeling Bitcoin's Value with Scarcity  –  PlanB (@100trillionUSD)
A Collaboration between: @100trillionUSD & EricFreeburg.com

BlackRock has big influence in the Bitcoin ecosystem, but who owns BlackRock?

BlackRock has big influence in the Bitcoin ecosystem. For example with the development of the Bitcoin ETF (IBIT) and investments within the ...