Is the act of supporting Bitcoin akin to supporting a Ponzi scheme? Detractors like Paul Krugman in his Seattle Times article seem to think so. Such statements are misguided since they demonstrate a lack of understanding as to what Ponzi schemes actually are and how the bolstering of Bitcoin is more like the typical activity seen in honest market participants around the world. Taking Krugman's criticism to its logical conclusion, if supporting Bitcoin is analogous to prop

Two years ago, the Bitcoin we know and "HODL" today resisted an attempt of changing one of its fundamental tenets (that of block size) by a very well funded conglomerate of businesses both in and out of the cryptocurrency market. In short, the benefit to this conglomerate would've come in terms of more lucrative fees and a higher chance at minting Bitcoin due to the nature of how mining networks work where costs of bigger blocks per transaction can weed out all but those with

Yes, we do live in a civilized society, but we're not out of the woods yet. Manifest destiny was the narrative that pushed violence and subjugation westward in a convincing fashion to communities in the 19th century who may have also believed there was little technological and societal progress left for them to hone and refine which left them little choice but to spread it to the rest of the world by any means necessary. Is it possible we are still just as naive as our forefa

Part 1 of ?: We are Here *points to the internet on the world map* The Grid Disney’s “Tron” reboot film opened by welcoming the viewer with the haunting musings of a curious technologist who dreamt of what it’d be like to digitize himself and enter the digital realm. The virtual pioneer, played by Jeff Bridges, starts: “The grid A digital frontier I tried to picture clusters of information As they moved through the computer What do they look like? Ships, motorcycles With the

The Basics Before opening myself up to you, It’s a good idea to understand what a consultant does in the first place before delving into the less understood realm of cryptocurrency (crypto). In a world where most prefer to quickly put each other in boxes with clearly defined labels, I’d like to at least define the ambiguous label before using it to wrap the box I’ll be shipping myself in to the world wide web (in the form of this blog). According to Google, the consultant is