What happened here was not a mistake; it is not that they were hacked. They took several decisions to put at risk customer assets. The crypto industry saw dark days over the past week. FTX, the former...
Tag: Bitcoinist
Bitcoinist Book Club: “The Bitcoin Standard” (Ch. 9, Part 2, Instant Settlement)
It’s time for The Bitcoin Standard to speculate. How can bitcoin’s status as a store of value and even as an international reserve currency evolve in the future? As the asset and the network prove the...
Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 9, Part 1, Buy The Future)
Back to The Bitcoin Standard, today we’ll explain this sentence: “Bitcoin is the cheapest way to buy the future, because Bitcoin is the only medium guaranteed to not be debased, no matter how much its...
Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 8, Part 2, Proof-Of-Work)
To understand Bitcoin, people need to understand Proof-Of-Work. It might be the most crucial aspect of the network. Proof-Of-Work provides security, resolves the issuance problem, and guarantees “a le...