Month: February 2023
Can Bitcoin help you escape fiat inflation?
The 20th century saw government currencies abandon the gold standard, instead pegging themselves to the gold-backed US Dollar until 1971, when the United States followed suit and put the final nail in the gold standard coffin. Since then, the amount of a currency in circulation has become arbitrary, determined by central bank policies which have…
The Blocksize War: Who Makes the Rules in a Decentralized Network?
Decentralization is an often underappreciated and misunderstood feature of Bitcoin. Achieving consensus without a trusted third party was the biggest technical hurdle to the invention of a peer-to-peer electronic cash. While centrally controlled monetary networks can be corrupted or shut down, Bitcoin’s decentralized nature makes it permissionless, uncensorable and immutable. However, decentralization is a design…