Originally published: February 2021 (archived version) September 2021 Update: Now that BlockFi has reduced its interest rates, the risk/reward situation has changed and I no longer hold BTC there, after making a significant amount of interest. BlockFi's rates are now very low for any BTC balances over 0.1%. Yields remain decent for stablecoins, … [Read more...]

Originally published: January 2021 One of the concerns I've seen aimed at Bitcoin is the claim that it's a Ponzi scheme. The argument suggests that because the Bitcoin network is continually reliant on new people buying in, that eventually it will collapse in price as new buyers are exhausted. So, this article takes a serious look at the … [Read more...]

Originally published: January 2021 The anonymous founder of Bitcoin, Satoshi Nakamoto, solved the hard problems associated with digital scarcity with a white paper in 2008, and launched Bitcoin in 2009. After that invention, numerous other projects came in its wake. There are now over 8,000 separate digital assets that CoinMarketCap … [Read more...]

Originally published: November 2020 I initially covered Bitcoin in an article in autumn 2017, and was neutral-to-mildly-bearish for the intermediate term, and took no position. The technology was well-conceived, but I had concerns about euphoric sentiment and market dilution. I neither claimed that it had to go lower, nor viewed it bullishly, … [Read more...]

Originally published: July 16, 2020 Blockchain-based cryptocurrencies have been around for over a decade, since the release of Bitcoin in early 2009. While the asset class has grown considerably, it remains relatively small and highly volatile, so deciding whether to insert a small bit of Bitcoin or other cryptocurrency exposure into a … [Read more...]