In the classic “diffusion of innovations” theory, new technology has to progress from innovators to early adopters before it can go mainstream. Innovators are the 5% of people who adopt technology while it’s still experimental. They prove the concept. Early adopters come next. Generally, these people have connections with innovators, a high degree of thought … Continue reading Prepare for Crypto’s Early Adopters (They’re Not Who You Expect) →

As the global financial crisis accelerates, cryptocurrency has returned to mainstream public discourse. You know bitcoin has reached some level of legitimacy when Bloomberg Radio quotes its price. Now that people are talking about central bank digital currencies, hyperinflation, and the search for safe-haven assets, I see the old debate rekindled: “We already have government … Continue reading Why Cryptocurrency Doesn’t Need to Compete With Government Money →

In April 2020, Facebook updated its Libra white paper. More specifically, it totally revamped its plans for the Libra cryptocurrency. Did you, like me, expect mainstream coverage of this event? Did you sit on this article for almost two months hoping enough people would notice to make it worth publishing? YouTube didn't cover it. Twitter … Continue reading It’s Official: Facebook’s Libra is Boring →

Every now and then, somebody sends me an unpublished article that catches my eye. This one comes from Mary Ann Callahan, who you catch up with on Medium. Happy to post, hope you enjoy it. The Covid-19 pandemic is causing havoc everywhere in the world. This is definitely true in the Bitcoin markets. Up until … Continue reading Will Bitcoin Survive Covid-19? →

On May 27, 2020, Goldman Sachs hosted a call about bitcoin, gold, and inflation. Leading up to this call, the cryptosphere praised Goldman Sachs and buzzed about institutional adoption. After the call, they lambasted Wall Street’s ignorance and ridiculed Goldman Sachs for being out of touch. What happened? Goldman Sachs told investors that cryptocurrency is … Continue reading Goldman Sachs Can Say Whatever it Wants. Wall Street is Still Buying Your Bitcoin →

Financial uncertainty makes people do strange things. In April 2020, people bought oil contracts, silver, and shares of companies that have no customers or profits. This, despite massive job losses, pandemic disease, and a global economic meltdown. Silver plays no role in modern finance and we have enough oil above ground to last six months under … Continue reading Want Bitcoin’s Price to go up? Bet on People, Not Inflation →

Now and then I write two minute’s worth of thoughts on bitcoin. It’s my very, very brief commentary. I hope you enjoy it. To really make the best decisions, you have to understand what’s going on around you. You have to grasp that larger world of which crypto is only a small part. If you … Continue reading Two Minutes on Bitcoin—May 26, 2020 →

Cryptocurrency advocates remain massed and ready to rush the barricades of traditional finance. Who will rise to lead this charge? The Chinese government, if you can believe that. It will soon launch a digital yuan on its nascent Blockchain Service Network (BSN), dubbed "the blockchain of blockchains.” It's already testing this digital yuan in several … Continue reading Why China’s Cryptocurrency Matters More Than Bitcoin →

In August 2019, I published "Stop Arguing With People. Show Them How Cryptocurrency is Useful." Earlier this year, I wrote "Education Will Not Get People to Use Bitcoin—Here’s Why." Contradiction? No. Most people don't like to learn or argue, but they like useful things. Maybe that's where cryptocurrency fails? In late 2019 and early 2020, … Continue reading The Best Way to Talk to Normal People About Cryptocurrency →

It's 2020. Bitcoin's been around for eleven years. Ethereum's almost six years old. Cardano's still in the womb. Over that time, cryptocurrency has given true believers enough evidence to claim it's legit technology while giving mainstream thinkers ample opportunities to say it's a scam. Meanwhile, the vast majority of people care about only one thing: … Continue reading The Biggest Problem Cryptocurrency Solves That Nobody Talks About →