Discovering Bitcoin Part 7: The Missing Pieces

This is the seventh and final installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money, Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)!, Discovering Bitcoin Part 5: Digital Scarcity and Discovering Bitcoin Part 6: Digital Contracts. As we conclude our “Discovering Bitcoin” series, we will build on the use of digital signatures and of the CoinJoin…

Discovering Bitcoin Part 6: Digital Contracts

This is the sixth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money, Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)! and Discovering Bitcoin Part 5: Digital Scarcity.  In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and on the importance…

Bitcoin Is Not Anonymous and Tor Users Are Forgetting This

Bitcoin is not an anonymous payment network. However, in practice, many people still appear to be forgetting this, even the most privacy-minded. A research paper from the University of Qatar reminds us that Bitcoin alone isn’t private. In fact, it can even deanonymize users seeking privacy from the anonymous communication network, Tor. This indicates a clear vulnerability or potential information leakage for people who already take active measures to remain private online.  “In a real-world experiment, we were able to link many users of Twitter and the BitcoinTalk forum to…

Discovering Bitcoin Part 5: Digital Scarcity

This is the fifth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money and Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)! Next in the “Discovering Bitcoin” series, we will build on the previous events of money virtualization, establishment of dangerous monopolies and emergent needs for decentralization, to explore concepts of scarcity in the “virtual” world,…

New Research Shows How Young Adults Drive the Cryptocurrency Revolution

Are Millennials and Gen Zers (post-millennials) driving the growth in adoption of cryptocurrencies? A growing amount of recent research suggests that the overall increase in society’s acceptance of the technology is exponential and is concentrated among the youngest cohort of the population. If you’ve been to cryptocurrency conventions or meetups, you’ll be aware that this is a young people’s movement. Unlike the blockchain technology movement, which seems to attract a broader range of followers (many of whom work in the corporate sector), the advent of cryptocurrency appears to be a…

Discovering Bitcoin Part 3: Introducing Money

 This is the third installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time and Discovering Bitcoin Part 2: About People. In this installment of the “Discovering Bitcoin” series, we will build on the previously acquired strategies of exchanging wealth, specializing production and focusing on goods with good physical “hardness,” “scaleness” and “darkness” to explore concepts of scarcity, liquidity and social “hardness.” From Barter … to Liquidity Maximization …  This third…

What Bitcoin’s Valuation Says About Its Volatility

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts, you can download our free report here. Most of us think we understand the term “volatility.” We digest headlines about tense political situations around the world; we are wary of explosive chemical compounds; some of…

France Takes Out Tax Requirements on Crypto-to-Crypto Trades

Bruno Le Maire, the French minister for the economy, has revealed that the government will not be imposing taxes on crypto-to-crypto trades. The policymaker made his statement in an interview with Bloomberg on September 12, 2019, stating that they will only be taxing cryptocurrency gains when they are converted into fiat. As for the country’s reasons for doing this, Le Maire stated that they believe gains left in crypto shouldn’t necessarily be subjected to any taxation requirements. He said, “We believe that the moment the gains are converted into traditional…

The NFL’s Russell Okung Won’t Stop Until He’s Paid in Bitcoin

When we hopped on a call last Friday, Russell Okung had just left his last practice of the week, but he couldn’t get away without his teammates blasting him over Bitcoin. “Every single day,” Okung laughed over the phone when I asked him how often they give him flack. Towering like a modern day Ajax at 6’5” and 310 lbs, it’s hard to imagine anyone ragging on the two-time Pro Bowl left tackle for anything, really — unless, of course, the subject matter is something as absurd and arcane as…