BitcoinMag

Why Proof of Reserves Is Important to Bitcoin

Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. It launched at a time when trust in the world’s financial institutions was at an all-time low and struck a chord. Bitcoin’s success has led to profits, which has, in turn, led to complacency. Today, people […]

BitcoinMag

Bitcoin and the Primacy of the Digital World

As a fervent bitcoin enthusiast, I frequently come across the following objection: In contrast to physical, analog things, bitcoin and similar crypto assets are completely virtual and digital. As such, they are neither tangible nor graspable and would thus lack any real basis of value. Because of their digital nature, many people still object to […]

BitcoinMag

Podcast: Bitcoin Clarity With Kiara Bickers

In this episode of the Bitcoin Magazine Podcast, Dave Hollerith talks with Kiara Bickers, author of Bitcoin Clarity: A Guide to Understanding Bitcoin. Bitcoin Clarity is different from other Bitcoin guides because it leverages a “systems thinking” approach to explain how and why each part of Bitcoin’s system has evolved into what it is today. […]

BitcoinMag

Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers

On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of […]