Using BETI To Profit From The Coming Bubble

TLDR: Sell above exponential trend line. Buy below trend line. The time to sell off is after Bitcoins rise above $18000. Following crash buy in slowly below $10000. NOTE! This is just a strategy that gives an educated guess. The strategy could be wrong. Don’t hold me responsible for the results of your trading. Bitcoin price... Read more

Bitcoin & Bootstraping Business in Bali – Part 2

This is the second part of my post about bootstrapping and living in Bali. The first talks about the Bitcoin scene in Bali. Bali, Indonesia is fast becoming a popular hub for location independent freelancers, entrepreneurs and a great place to knuckle down and work in a pleasant and fun environment. From October till December 2015... Read more

Bitcoin & Bootstraping Business in Bali – Part 1

Bali, Indonesia is fast becoming a popular hub for location independent freelancers, entrepreneurs and a great place to knuckle down and work in a pleasant and fun environment. From October till December 2015 I was working on my new Bitcoin related business (btcstores.co) there. I thought to write this post about the Bitcoin scene in Bali,... Read more

Greg Maxwells Roadmap for Bitcoin Scaling

Greg Maxwell made an important submission to the dev-mailing list that I wanted to repost (http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html). It is his summary of Bitcoin protocol development and his proposal for the future direction. It has received a good response, even from the XT/Big Block crowd. The only point of contention seems to be regarding Segregated Witnesses. Greg proposes... Read more

Why Peter R’s Fee Market Wont Work

At the first Scaling Bitcoin conference Peter R presented his ideas on why a fee market would exist without a block size limit. You can see his presentation here: https://www.youtube.com/watch?v=ad0Pjj_ms2k. He is wrong and I will explain why. Peter says that a non-zero supply curve exists because increasing block size increases cost to miners due to... Read more

Why This Blog?

At this point BIP 101 was released around 4 months ago and the second ‘Scaling Bitcoin Conference’ is 2 weeks away. There is an active debate about the direction of Bitcoin and I have many new thoughts about the economic and political issues, that I want to contribute to the debate. I want maximum exposure for... Read more