How To Maximize The Privilege Of Holding Bitcoin

How To Maximize The Privilege Of Holding Bitcoin

Although Bitcoin appears to be infiltrating the mainstream, only those who understand it deeply will truly reap its benefits.Laurence Newman is the cofounder of Coinmama, a bitcoin exchange. Since this time last year, the number of wallets holding bitcoin has grown by a whopping 8 million, with this growth accounting for over 20% of all 38 million bitcoin wallets in existence. This adoption trend shows no signs of slowing down, as our news feeds continue to fill up with stories about institutional investors and Fortune 500 CEOs diving into Bitcoin. Both the statistics and the stories....


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Bitcoin's Actual Privilege Problems

ThinkProgress has published a blistering critique of bitcoin called Bitcoin: By The Privileged, For The Privileged. It's full of misunderstandings, misinformation, and, most distressingly, a few points that are actually really spot-on and important for bitcoin foes and friends to understand. The piece points out the unfortunate fact that bitcoin is now primarily held and used by the most privileged people. This is unfortunate because its greatest promise, I would argue, is for the people at the bottom. The fallout from an argument made ignorantly is that people who know better then feel....

Bitcoin Price Analysis: 5/05/2016

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Bitcoin is Post-Privilege and Pro-Human Rights

*This article originally appeared at Bitcoin Not Bombs. With the media frenzy in full tilt after the closing of MtGox, there have been quite a few articles coming out declaring the death of bitcoin and an equal number reassuring us that it will be just fine. I won't link to the former ones because they're so painfully uninformed and rely on tired scare tactics. I have come across one article of a different vein, though, and it seeks to bring in thetoxic philosophy of privilege checking as a critique against the Bitcoin community. I could wax philosophic about the specific problems with the....