First, let’s state the obvious: Bitcoin mining uses a lot of electricity, so it’s bad for the environment. Anyone who claims otherwise is either a salesperson or a fool. Arguing that mining is good for the environment because it encourages investment in renewables is like arguing that smoking saves lives…

Paul Krugman is the gift that keeps on giving. The popular and supposedly progressive columnist has a special talent for prophesizing things that are already demonstrably false. Back in 1998, he predicted that the internet would have no greater impact than fax machines, because “most people have nothing to say…

Like most things, the undulations of the crypto markets are cyclical and meme-based. But thanks to the blockchain’s elimination of many of the frictions of the traditional financial system, the cycles happen faster. Take the simple fact that crypto markets trade 24/7, while most traditional markets do not. In any…

A friend who is a savvy investor emailed recently to say that he thinks Bitcoin will be the best performing asset of 2021. He then clarified that this was only for a trade, and compared its fundamental value to “voting on the Voice.” Someone else emailed to say that another…

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