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Bitcoin Doesn’t Have the Properties of Money
A pertinent theme of discussion amongst fellow Bitcoiners is the ‘six properties’ test. It goes something like this… the six properties of money are as follows: durability, portability, divisibility, uniformity, limited supply, and acceptability. If something has all six properties, it can be considered sound money. Paintings and Documents Now, let’s take a step back. […] More
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Bitcoin Basics – What is Bitcoin?
What a difficult question! Bitcoiners new and old often struggle to communicate the essence of Bitcoin, in a way that ‘hits home’ with the audience they’re speaking to. It’s no easy task. As one studies Bitcoin, one comes to realise it is a phenomenon, unlike anything we’ve experienced in living memory. Some see it as […] More
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Bitcoin Basics – Why Bitcoin only?
If you haven’t already figured out the answer to this then chances are you’re still enamoured by the exciting promises of crypto and blockchain. Don’t blame yourself, most of us have been there and painfully learnt the lessons, often called the ‘entry fee’. Whether it be the thought of the benefits brought to the world […] More
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