2022 is shaping up to be another "what the [...]
This week we thought we would present our own [...]
Reducing complex topics to simple and easy to understand [...]
What Is Bitcoin? Bitcoin is both a network and [...]
This week we thought we would take some time to reflect on the Fear, Uncertainty and Doubt (FUD) surrounding bitcoin and its network. These stories and FUD only really seem to rear their head every few years or so when bitcoin is in the spotlight and regulators are anxious.
Today we will explore layer 2 scaling solutions. With the high cost of Ethereum gas fees at the moment, we decided it was an appropriate topic to delve into. But Why Do We Need Layer 2's In The First Place? All blockchains have their limitations. They make tradeoffs to provide a specific service to their end-users. Vitalik Buterin, the creator of Ethereum, has dubbed it the blockchain trilemma
Trust is essential to a societies prosperity. It is fundamental to economic coordination and underpins the way a society operates. If there is a lack of trust in society, transaction costs are high. There are many types of transaction costs that we incur when we enter into a transaction, and generally, one party always stands to gain more than the other if trust is violated. Therefore, the party that stands the most to lose will often expend resources to ensure that the other party does not violate the conditions of their agreement.
“Bitcoin has no fundamental value” has long been the war cry for many traditional financial participants. This week we thought we could shed some light on this short-sighted mantra.
One of the most common questions we get when talking to people about digital assets usually concerns the difference between Bitcoin and Ethereum. We believe this confusion stems from the idea that both of these assets compete with each other as money.
Money has always been technology. It allows society to store time, effort and sacrifice today and redeem it for time, effort, and sacrifice in the future. Similar to how a title deed gives the holder a claim on a property, money is a claim on human time. When we exchange our time for money we hope that it can hold value for long enough to enable us to trade it for something we want.