Bitcoin 101 Series

Bitcoin 101: Security Budget

When discussing the Block Subsidy, we learned that the block subsidy serves two primary functions: Implementation of Bitcoin’s monetary policy, as the…

Apr 28 •

Bitcoin 101: Fair Distribution

When learning about the block subsidy, we posed the following question: Let’s say you create a new, global, digital currency. How do you fairly…

Apr 21 •

Bitcoin 101: The Block Subsidy

In 21 Million we discussed how the block subsidy is how bitcoin implements one prong of its monetary policy – its predetermined release schedule (number…

Apr 14 •

Bitcoin 101: 21 Million

In What Is Bitcoin, we asked how we can be sure there will only ever be 21 million bitcoin? Bitcoin’s monetary policy can be broken down into three core…

Apr 9 •

Bitcoin 101: What Is Bitcoin?

Bitcoin is many things. First off, bitcoin is a peer-to-peer electronic cash system. This is the definition its inventor(s), Satoshi Nakamoto, assigned…

Mar 31 •

Bitcoin 101: Why Fiat Won

In Why Gold Won? we talked about how commodity money ledgers are governed by nature. Credit money ledgers, like fiat, on the other hand, are governed by…

Mar 24 •

Bitcoin 101: Why Gold Won

Why Did Gold Win? In What Is Money? we talked about how some monies are commodity monies, like gold or bitcoin; some monies are credit money, like fiat…

Mar 17 •

Bitcoin 101: What Is Money?

This is the first installment in a Bitcoin 101 Series of short articles that will aim to educate readers about Bitcoin from the ground up. The goal is…

Mar 10 •

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