Bitcoin is Not a Pyramid Scheme

The next installation of the incredible Gradually, Then Suddenly series of blog posts by Parker Lewis has been published. This post combats the ridiculous claim thrown by uninformed Intellectual Yet Idiots that Bitcoin is a pyramid (or Ponzi) scheme.

While the title of the post references pyramid schemes, the meat of the post amounts to a tour de force exposition of the price mechanism.… Read more

Understanding Time, Money and Bitcoin from First Principles

I listen to a dozen or more Bitcoin podcasts every week. This was one of the best podcasts I’ve listened to in a while. With all the great podcast content available, that’s saying something.

Herein, Brady, host of the Citizen Bitcoin podcast, and Robert Breedlove discuss the ideas behind his great series of articles Money, Bitcoin, and Time, which I will discuss in another post later.… Read more