Exchanges and DeFi Are a Diminishing Sideshow The past week we witnessed a sad but much-needed venting by those whom I respect and consider Bitcoin Standard Bearers. Setting the record straight Or: a eulogy for bitcoin maximalismmedium.com Bitcoin Maximalism Is Dead, Long Live Bitcoin Maximalism "I don't owe them anything," he said. To hear prominent venture capitalist and essayist Nic Carter, tell it, there is a…www.forbes.com

What It Means For the U.S. Dollar, Bitcoin, and the World Economy Last month I outlined What The Russian Ruble Gold Peg Means To Bitcoin. The article was limited in scope because while I am somewhat credentialed in bitcoin and gold through experience, I consider myself a second-rate self-taught economist…

The Coming New World Order Gold Standard Paradigm — Looking back in two years, the Russian Ruble gold peg may well prove to be as significant as Nixon closing the gold window in 1971. This event essentially reverses what was done a generation ago. The nuts and bolts are that on March 28, 2022, Russia pegged the ruble to…

Bitcoin banking today is caught on the horns of a dilemma between the creation of inflationary money through DeFi without the creation of corresponding new wealth (unsound banking) and the Rothbardian fiat 100% in-kind fractional reservists. (Yes, 100% is a fraction!) The first can be described as unsound banking…

And At Worst A Flim-Flam Scam Designed to Enrich the Promoters, With Perhaps One Exception (Editors Note: In the original article I indicated 4k Physical Custody NFTs did not pass the scam test. I publicly challenged Elias Ahonen to prove otherwise and he did! This article has been subsequently revised…

DeFi is a cursed global game of cooties from men with no integrity. In my last article, I examined the Real Bills Doctrine and how it does not work unless newly created purchasing media is subordinated to a hard secure commodity like gold or bitcoin. Standing alone the RBD links…

Reconciling The Real Bills Doctrine: Bitcoin Standard and Gold Standard Versus The Fiat Standard and The Crypto World This study began with the resurrection of the Rothbardian fiat 100% reserve by Stephen Livera in a recent edition of Bitcoin Magazine and my reply and…

But Opposes a Fiat 100% Bitcoin Reserve Stephen Livera recently resurrected a sound money debate that was pretty well settled until bitcoin came along. Let me start out by that I too defend a Bitcoin 100% full reserve. If this is the banking model Mr. Livera wants to follow and…

The Evangelism of Making an Ought Into An Is What is Hyperbitconization? The term was coined by Daniel Krawisz in 2014. Since then the term has been accepted as bitcoin gospel by many of my bitcoin heroes. For the most part, it is not a question of if, but when…