Debunking Misconceptions From “The Bit Short: Inside Crypto’s Doomsday Machine”
As long time Bitcoiners, we are not shocked by the ongoing confusion around the nature of the bitcoin market. The reality is that, unlike other public markets, the bitcoin market has significantly more noise. There is noise around price valuation, noise around use cases, noise around data and noise from skeptics. It is very difficult for a new person to enter into the bitcoin market and cut directly to the signal. This confusion has been manifested once again in a misguided article circulating the web: “The Bit Short: Inside Crypto’s Doomsday Machine.” It seems that the author of the....
Related News
On this episode of the Bitcoin Magazine Podcast, macroeconomist Lyn Alden discusses her work "7 Misconceptions About Bitcoin." The post Video: Debunking Seven Misconceptions About Bitcoin With Lyn Alden appeared first on Bitcoin Magazine.
Reputable data analyst fires back at "wild theories" about Tether reported by the Wall Street Journal. The co-founder of crypto data and insights firm Coin Metrics has fired back at yet another article in mainstream media claiming that the “Bitcoin bubble” has been driven by Tether.Nic Carter, a former Fidelity crypto asset analyst and Castle Island Ventures partner, slammed the Wall Street Journal article titled “Behind the Bitcoin Bubble” by Andy Kessler, alleging that it verged on “journalistic malpractice”.“Normally, if you are a columnist writing in one of the most respected financial....
Legendary filmmaker Ridley Scott will take the history of Ethereum to the big screen. Via his production company, Scott Free Productions will adapt Camila Russo’s book “The Infinite Machine” into a movie. Related Reading | Inside The Ethereum Foundation Treasury: What Does It Hold? Russo revealed the news on her personal Twitter account as she welcomed […]
On June 24th, in a national broadcast, President Bukele cleared up misconceptions about El Salvador’s Bitcoin Law and presented the government’s wallet. That created a whole lot of new misconceptions about the app itself, the newly minted Chivo Wallet. Most of the criticism is about the personal data the app aims to collect. It will […]
Doomsday scenarios are not very popular for an obvious reason, but now and then, it is important to consider what would happen if push came to shove. Bank of England posted their doomsday scenario, to reveal how UK banks would deal with a massive economic shock. While it is important to keep in mind most of these events will most likely not happen anytime soon, it gives valuable insights as to why Bitcoin is so important. Depending on who you pose the question to, banks will either be around for a very long time, or for a handful of years. This has lead to a scenario drafted by the Bank of....