What is Crypto Really All About?

To the outsider, crypto enthusiasts largely look like a bunch of libertarian leaning, wanna be economists who appear to have a major axe to grind with the financial system as we’ve known it for the past 80 years or so.  While there is some truth to this broad brush approach

By David Veksler, ago

Pick Your Horse: Gift or Trojan

You are undoubtedly familiar with the idea of a “Trojan Horse,” an idiom derived from the Trojan War of Homer’s Iliad.  A large, hollow, wooden horse is left behind by the Greeks after their supposed failure to take the city of Troy.  The Trojans take the horse back inside their

By David Veksler, ago

Three Key Differences Between Traditional and Crypto Asset Markets

What is the real market value of cryptocurrencies like Bitcoin? The numbers used to explain the performance of Bitcoin and other cryptocurrencies are less meaningful than most assume. Cryptocurrencies are not exactly like stocks, and cryptocurrency exchanges do not work like traditional securities markets. As a result, many crypto-asset investment

By David Veksler, ago

Will Bitcoin burn the planet to ashes? Not so fast.

Environmentalists have recently become concerned about the impact Bitcoin mining has on global warming. Headlines such as “Bitcoin Will Burn the Planet Down. The Question: How Fast?” and “Bitcoin Mining Alone Could Raise Global Temperatures Above Critical Limit By 2033” suggest that Bitcoin is an unfolding environmental disaster. However, those panicking about crypto make three fundamental errors. First, they do not understand how Bitcoin works, second, they do not understand what mass adoption would look like, and third, they do not understand the problem Bitcoin is intended to solve.

By David Veksler, ago