It has been said that trust is the real flaw of the banking system. Inevitably counterparties must outsource their trust in each other to the bank as an intermediary, and with recent headlines, we can see that consumer confidence in banks is weakening.
Bitcoin
The World’s Falling Apart, What Are You Going To Believe In?
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]
What is Bitcoin?
As Bitcoin starts to gain the attention of the broader population again, we continue to struggle as an industry to define what Bitcoin is in a way that’s accessible to most people. I recently attended a Bitcoin 101 class taught as part of the grand opening of the awesome Bitcoin Center Miami. It’s a great way to help […]
The Three Different Bitcoins
For most, Bitcoin remains an enigma. I think part of the difficulty in understanding Bitcoin is that it’s not just one thing. Bitcoin can be many things, depending on how you look at it. Depending on the prism you look at the world throug
Fireblocks Raises $16M To Bring World Class Security to the Transfer of Digital Assets
The anonymity of blockchain is one of its biggest selling points but at the same time, it also causes one of the largest problems – security. In order for widespread adoption to occur, everyone needs to feel certain that their assets will be protected and the tales of losing millions of dollars worth of […]
Bitcoin : The Worlds Best Store of Value, 2024 Price Target = $50,000
Target Price = $50,000 (assumes $1 Trillion valuation and 20,000,000 BTC, fully diluted) I’ve been around the block. In the 90s I was an equity analyst following media companies at Goldman Sachs. I loved it. But the internet came calling, and I jumped in. After my 2nd company, I became an angel investor and then a VC. […]
The Reason That Bitcoin Popped and Uber Flopped
As of the writing of this post, Bitcoin is the top performing “asset class” of 2019 YTD, up 89% YTD. Bitcoin is up 22% in just the past week. And everyone wants to know why. The Markets Swing Between Bubbles And Crashes I have a word I use to describe the tendency of markets to become […]
The US Dollar Is A Ponzi Scheme
Per Wikipedia, a Ponzi scheme …. is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors This is how the U.S. government now operates. It loses massive amounts of money every year (i.e. runs at a deficit) and finances it with new debt. When […]
We Asked New Yorkers What the Price of Bitcoin Will Be at the End of 2019 and Here’s What They Had to Say
2018 was a tumultuous year for bitcoin, starting the year at $13,950 coming off all-time highs close to $20K and ending the year at $3,896 down 72% for the year. We chatted with a few Bitcoin experts to learn more about where they think Bitcoin will be at the end of 2019 and the reasons for […]
The Two Reasons Why The Forecasts For Bitcoin YE 2018 Were So Horribly Wrong
As the chart above shows, the biggest names in crypto all got 2018 horribly wrong. Why were they so wrong? I think they’re all smart guys and I applaud their work and the important contribution they’re making to the ecosystem. I think there are two main reasons why they’re so bad. 1. Accurately Predicting The […]
This NYC Startup Combines The Decentralized Spirit of Crypto with The Power of Journalism
Social journalism is gaining widespread popularity, and CoinScribble is the latest company to try and capitalize on the concept. Initially, the newly launched platform is focused on news from the cryptocurrency industry but has plans to create a network where anyone can post to CoinScribble’s platform for free. The platform allows for the publishing of […]