A Noble Metal Supplanted by Paper Fictions — This article originally appeared on Bankless Publishing. “Hidden in the glorious wildness like unmined gold” — John Muir Eyes Wide Open I vividly remember first learning about Fort Knox. I wasn’t more than a waist-high boy of five or six, but the memory has stuck with me. “A room filled with gold?!”, I…

An Elemental Journey on the Current of Financial Progress — This article originally appeared on Bankless Publishing. “A nickel ain’t worth a dime anymore.” — Yogi Berra What Is Money? Is money not simply an instrument that people agree to pay attention to? Whether it’s seashells in Papua New Guinea, Grecian coins made of precious metals, tobacco sticks in a prison yard, or…

An Interview With the Creator of Chippi, the Highly Collectible Bankless Location NFTs, and a Head Writer at The Rug — gm Perchy! I remember the first time I laid eyes on one of Perchy’s Bankless Locations. I immediately jumped into my MetaMask wallet to buy — it was the first time I had looked at art in the cryptoverse and thought, “I must have this. This is me.”

Can Bitcoin Survive Once There Are No More Block Rewards? — “Bitcoin reaching its upper supply limit is likely to affect Bitcoin miners, but how they are affected depends in part on how Bitcoin evolves as a cryptocurrency. If the Bitcoin blockchain in 2140 processes many transactions, then Bitcoin miners may still be able to generate profits from only transaction processing…

Understanding the Price Impact of a 50% Reduction in BTC Emissions Every Four Years — Approximately every four years the amount of bitcoin released to the world is cut in half — which is known as the halving. The time between halving events is approximate because of the slight variation in hash rates, which affect the time it takes to complete each new block on…

Hash Rates Are the Number of Guesses Per Second Competing to Add a Block to the Timechain — As of today, July 17, 2023, Bitcoin’s hash rate is 367.06 EH/s or 361,920,000 TH/s. The highest the Bitcoin hash rate has ever reached is 538.05 EH/s, or 538,050,000 TH/s. But what does that even mean and why does it matter? …

Regulatory Crypto Headwinds Can’t Stop a New Era of Economics — BlackRock Buys In BlackRock filed for a bitcoin ETF with the U.S. Securities and Exchange Commission (SEC) on June 15, 2023. BlackRock listed Coinbase as their custody partner, which is a major signal to SEC Chairman Gary Gensler that his recent targeting of Coinbase hasn’t done much to shake the confidence of the…

U.S. Regulators Are Using an 80-Year-Old Lawsuit to Keep Crypto’s Goliaths Firmly Within Their Sights — SEC Origins and Purpose Earlier this month, the U.S. Securities and Exchange Commission (SEC) took aim at Binance and Coinbase for allegedly operating cryptocurrency exchanges in violation of federal securities laws. Federal securities laws date back to the Securities Exchange Act of 1934, which saw the creation of the SEC and henceforth required registration…

Staying Away From Volatility Is the Key to Creating a Prosperous Future — L1s Reign Supreme A recent poll launched on Twitter asked participants whether they would rather hold ETH versus any other ERC-20 token over the next five years. Although not a large sample size, the results were 100% in favor of holding ETH. To me, this was an indicator of market sentiment around the…