Category: Bitcoin
The Death of the Gold Standard – What Happened in 1971 (Part 1)
The gold standard is a monetary system where a country’s currency or paper money has a value directly linked to gold. Investopedia, What is the Gold Standard? Throughout a major part of human history, gold was the only globally recognized unit of account. And it still has that status, as every system/country/empire agrees on its …
The Byzantine Generals Problem – Simple Explanation
The Byzantine generals problem is a distributed computing problem introduced in 1982, in a paper of the same name. In this post, I’ll give a simplified summary of a formulation of the problem. Then, I’ll explain how the Bitcoin blockchain and its use of Proof of Work solves it in practice. The Byzantine Generals Problem: …
Protect Your Seed Phrase (10 Tips to Secure your Crypto)
Having control over your seed phrase is equivalent to having control over your crypto. I already covered the importance of self-custody before, so if you’re reading this post, make sure to know the basics. With that being said, let’s dive into how you can protect your seed phrase and increase the security of your crypto assets. …
The SEC Approved the Spot Bitcoin ETF
We’re witnessing history being made, ladies and gentlemen! The spot Bitcoin ETF is now approved in the US. Here’s the SEC’s statement. The main reason for this update are my 2024 predictions where the Bitcoin ETF approval was the first one. Four more to go! These are the ETFs’ providers and tickers: iShares (BlackRock) – …
Self-Custody Explained – “Not Your Keys, Not Your Coins”
Self-custody gives people total control over their digital assets without having to trust anyone. Ownership without trust is something that has never been possible in human history until now. And yet, many ignore it – even investors with hundreds of thousands in the cryptocurrency market. In this post, I’ll cover why and how a person should take …
Bitcoin Price Prediction (X Thread)
Enjoy the screenshots from my Bitcoin price prediction thread on X: If you want to follow me on X: @petkovskix
The Inevitability of Bitcoin
Once it clicks, the inevitability of Bitcoin becomes so obvious that there’s no going back. This is especially common with people that have a more-than-basic understanding of the economic framework we all live in. It is well enough that people of the nation do not understand our banking and monetary system, for if they did, …
5 Crypto Predictions for 2024
I always liked making predictions over a course of a year. And I especially like to be rewarded for being right when doing so. Here’s how I see 2024 playing out in the context of the cryptocurrency market: 1. Bitcoin ETF Approval in the US My prediction is that a spot Bitcoin ETF will be …
How the Money Printer Makes You Poor
You might have seen the “Money Printer” meme – it’s been all around the internet since the last economic crisis. In case you’re not sure to what extent the money printer impacts your life, you urgently need a lesson on quantitative easing. Quantitative Easing Simply put, quantitative easing is a monetary policy implemented by the …