Bitcoin’s 21 Million Cap Can Be Changed, Except for…
Can Bitcoin's hard cap of 21 million be changed? Yes, in theory. However, in practice, it is an extremely difficult, if not impossible, endeavor for anyone to undertake. Before looking at how the cap can be removed and why it is a difficult process, let’s look at the...
The Cantillon Effect vs. The Nakamoto Effect
Around 1730 the French Irish economist Richard Cantillon wrote 'An Essay on Economic Theory'. This text was published after his death and translated into English in 1932. The essay describes and analyses an economy that was based on feudalism and relied primarily on...
The HODL Concept Explained
On December 18, 2013, someone going by the username GameKyuubi on Bitcointalk, a popular online forum with early Bitcoin enthusiasts, published a post describing his way of growing value through the cryptocurrency. In particular, he explained why he had chosen to...
The Good, the Bad, and the Ugly Side of P2P Crypto Exchanges
The volume traded on peer-to-peer (P2P) exchanges is growing, especially in countries with restrictive laws or where regulators have advised financial institutions against facilitating crypto trading. According to a 2021 report by the blockchain research firm...
How Lightning Network Will Turn Bitcoin Into Money?
Bitcoin has continued to experience growth over time, but there is little doubt that it lacks the inherent capacity that can allow it to compete with centralized payment systems like Visa. While Bitcoin’s layer one infrastructure capacity processes about seven...
NFT Copyright on Blockchain, Explained
Blockchain and its applications present legal challenges that have never been experienced. Indeed, before 2009, it was inconceivable in the mainstream consciousness that a private citizen could even imagine launching a digital currency without applying and getting...
The Difference Between Cryptocurrencies and Digital Currencies
The terms digital currencies and cryptocurrencies are often used interchangeably. This creates the impression that they are synonyms (have the same meaning). However, they are neither synonyms nor antonyms (have the opposite meaning). The Internal Revenue Service...