WTF Happened in 1971?

I found a website with economic charts from 1971 until today. The site is simply called wtfhappenedin1971.com. It’s a collection of interesting economic graphs showing the demise of the US (and the West) since that particular year. In case you’re not familiar with the context, watch President Nixon ending the Gold Standard in August of 1971: P.S. Wtfhappenedin1971 is by a bitcoin company called RiverFinancial. I do not know who […]

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How Dominant Is Ethereum?

Are all DeFi tokens listed on Ethereum? I went through the top 100 projects under Coinmarketcap’s DeFi tab and clicked on each one to find their respective platforms. 10 do not have a platform listed. Most likely they have their own chain. 77 are on Ethereum 34 of these are exclusively on Ethereum 36 are on the Binance Smart Chain 9 of these are exclusively on Binance 20 are on […]

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The Daymak Bitcoin Mining Car Is Nonsense

The electric vehicle producer Daymak Avvenire promises bitcoin mining in their upcoming Spiritus Deluxe model. Delivery is estimated for 2023 but you can pre-order it already now. Their campaign states: The Daymak Spiritus will be the first electric car in history to mine cryptocurrency while it is parked, including Bitcoin, Doge, Ethereum, Cardano, and more. This makes no sense! Cardano is not mineable. It uses proof of stake. You need […]

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How To Become a Billionaire Investor

Let’s entertain the idea of becoming a billionaire through investing. How much risk will you need to take? How much capital should you have initially? I will explore two radically different approaches: Compound interest, i.e. above average return year after year Warren Buffet style. Multiple 10x returns without blowing up. Einstein called compound interest the eighth wonder of the world. Even if you achieve a modest 10% annual return over […]

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BTC vs Top 10 Altcoins — 2014-2021 Returns Compared

Bitcoin has been a rather good investment. Everyone knows that. But how does it compare to alternative cryptos? Some, like Ether and Doge, have outperformed Bitcoin. But many more have tanked. Do you remember coins like Peercoin, BitShares, the DAO? Let’s compare these two strategies: “BTC” – As a true Bitcoin Maximalist, you hold BTC only! “TOP TEN” – Buy the top 10 coins from Coinmarketcap, 10% each. I’ll test […]

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My Fear of Hyperinflation

I did a little bit of research on inflation. Here are my notes. What triggers hyperinflation, quote Wikipedia: Hyperinflation is often associated with some stress to the government budget, such as wars or their aftermath, sociopolitical upheavals, a collapse in aggregate supply or one in export prices, or other crises that make it difficult for the government to collect tax revenue. May the pandemic, with its frequent lockdowns and exuberant […]

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A Crypto Name System Proposal

I have long been daydreaming of a unified name system for everything crypto. That is, one single namespace for: Address aliases for Bitcoin and altcoins An alternative domain name system (DNS) for the Internet Secure messaging Ticker symbols for crypto stocks and other DeFi assets Whatever else creative souls can think of I know there are many name systems out there. Namecoin, OpenAlias, Counterparty, Handshake, HNS, ENS and Unstoppable Domains […]

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The Discovery of the Oldest NFT Sold on Auction

In March this year Telegram user Cornholio the Great discovered OLGA, the oldest known NFT. He went on to create another NFT named OLGANFT which is a tribute to the original OLGA. This screenshot of the chat is the NFT: The drawing shown on the chat is the original OLGA which he discovered on the bitcoin blockchain as a base64 image. Cornholio put OLGANFT up for auction with the following […]

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GIMP – Outline Text Shortcuts

These are the steps to outline text in GIMP: Write the text Right click inside text box Select Path from Text Shift+CTRL+N to open the New Layer form Enter to OK the default options Shift+V to select the path around the text Click Select, then Grow… Enter to OK the default options Shift+B to select the Bucket Fill Tool Click over the text to fill with the foreground color Click […]

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Do Testnet Bitcoins Have Real Value?

Testnet bitcoins (tBTC) are supposed to be worthless. After all, the purpose of these coins are to allow for testing without risking real money. However, these coins are getting difficult to get hold on and the faucets are running dry. Will testnet coins soon be traded for real money? What is testnet exactly? The Bitcoin Core software lets you chose between two networks. The default is mainnet, or simply Bitcoin. […]

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