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Tag: BTC

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Is Trump's election leading us to the unknown? No. There are many indications right in the GOP Platform 2024.

Bitcoin: It’s Stronger Than You Think

Richard Martin December 7, 2022 No Comments

The crypto market bust is not affecting the Bitcoin network and BTC in the least. Everything that is blowing up is directly attributable to unbacked claims coming due or being demanded for redemption. It’s a classic “bank run” type of event that wouldn’t occur if there were sufficient assets backing up the securities that have been issued.

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Bitcoin and “Crypto” in General: The Crux of the Issue

Richard Martin December 4, 2022 No Comments

What follows is a summary of my current understanding of the “crypto” space, including Bitcoin. I am interested in this because I think it’s a fascinating topic and very important. I think there will be an overreaction (what else is new) with all kinds of regulations that will end up having unintended consequences. We keep reliving Bastiat’s “broken window fallacy.” See also the writings of Thomas Sowell.

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There’s Bitcoin, and then there is everything else

Richard Martin December 3, 2022 No Comments

Crypto-technology is only relevant to the extent that it allows creative ways to separate fools from their money. Other than that, you don’t need crypto to scam people. There will always be opportunities to do that using low tech and tried and true methods. We have to separate Bitcoin from all the imitators, such as Doge, FTX, and Ethereum.

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