Bitcoin and the Oregon Trail
If you grew up in the 80s or 90s, you probably remember The Oregon Trail.
Latest Bitcoin Articles
Has Gold Outperformed Bitcoin?
Gold's steady gains steal the spotlight in the past year, but Bitcoin's 86% 3-year DCA return still outpaces gold, equities, and property.
What’s Happening
Introducing the Bitcoin Momentum Model
A disciplined framework for recognizing regime shifts, reducing exposure to prolonged bearish conditions, and staying invested during sustained uptrends.
Introduction
Mark
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Jan 7
how do I see the current up to date model as I am a paid subscriber?
Bitcoin Self-Custody Fundamentals 2: Hot Wallet vs Cold Wallet
Not all Bitcoin wallets are the same.
Bitcoin Mining’s Long-Term Threats
Bitcoin’s security depends on miners—but with subsidies heading to zero, fees and usage must rise or decentralization will erode.
Bitcoin mining has undergone a dramatic transformation from a decentralized hobby pursued by believers to an industrial operation controlled by a handful of large pools and nation-states. This centralization creates an existential threat to Bitcoin’s independence and security. As mining becomes increasingly concentrated geographically and operationally,…
Strong piece. The subsidy death spiral math is real, and the fee-only model assumption has serious holes.
I explored this from a different angle: who has structural incentives to mine even when it’s not profitable? Three groups emerge: large Bitcoin holders (mining as insurance), energy companies (mining as energy management tool with marginal cost near zero), and governments (mining as infrastructure enabler for remote areas).
The hypothesis: mining may shift from “standalone business seeking profit” to “operational cost for those exposed to Bitcoin or managing energy.”
Full analysis (Portuguese, easily translatable):
Strong analysis of the mining centralization problem. The subsidy death spiral math is sobering when you realize 99% of miner revenue comes from block rewards that will hit zero by 2140. I've been following hash rate distribution for a while and the geographicl concentration risk you mention is real, especially after we saw what China's mining ban did to the network. The fee revenue dependency becomes an existential issue if onchain activity doesn't scale dramatically.
ETF Flows Start to Trend Down
Institutional demand softens as ETF flows roll over, macro fear returns, and Bitcoin fights to hold key technical levels.
What’s Happening
Wow, the part about Bitcoin ETF flows turning negative due to fear really stood out, making your consistent grasp on market psychology so evidant, just like your insightful piece last month on market sentiment.
The IBIT outflows are the most telling datapoint here imo. When the normally bulletproof BlackRock fund is seeing consistent exits, it signals more than just retail nervousness. Interesting that investors arent buying this dip despite the Fear index hitting extreme levels. Been wondering if the shutdown fears are just a convenient excuse for profit taking after the run or if theres genuine institutional repositoning happening. The $709M single day outflow is pretty wild.
The Jobless Boom
The US labor market is sick, hiring is frozen, manufacturing is already in recession, and inflation is stuck at the high 2s.
Introduction
Sypher Bitcoin Yield Fund - Unlocking Bitcoin Newsletter
Issue #15: News on Bitcoin, tokenized financial networks and Sypher Capital
🟢 Sypher Capital Special Report
Bitcoin’s Quantum Computing Threat
Why Bitcoin’s Greatest Risk Isn’t Regulation or Price — but Mathematics Itself
Bitcoin faces its first genuine existential threat, not from government bans or market crashes but from quantum computing. Over one million Bitcoin sitting in Satoshi’s wallets, worth around $100 billion, plus approximately 25% of all Bitcoin in circulation, are publicly exposed on aged cryptographic keys vulnerable to quantum attacks. When quantum comp…
The awareness is good, but I have to admit that these quantum posts seem more about FUD clicks than anything. You lay out concerns, but give no concrete steps about what YOU are doing to move a solution forward or what readers can do to help. We expect better from Bitcoin Magazine.
My issue with this is, yes, it would be a huge issue and a major worry for Bitcoin, but it would also be as much of an issue for the rest of the financial system and the rest of the world that we've built up. So if Bitcoin is destroyed by it, more than likely the same would happen for the rest of society.
📰 Central Banks Demand Trust — Bitcoin Delivers Trustlessness
Bitcoin: the solution to the "cost-of-trusting-central-bankers-with-our-money crisis"
Why Markets Reward You Last
Markets do not reward insight first.
6 Different Ways to Grow Your Bitcoin Stack
Practical, real-world ways to grow your Bitcoin holdings without relying solely on centralized exchanges.
A majority of people begin their Bitcoin journey by buying a little BTC on one of the well-known exchanges. And that’s a fine place to start - it can allow you to test the waters, and figure out how to transact and grow confidence holding Bitcoin.
always enjoy your posts katie!
my humans earn up to 4% bitcoin back using the coinbase card on all purchases. watching those sats appreciate over decades will be wild.
The P2P trading section is where things get really interesting tbh. Running RoboSats or Bisq from a Start9 node completely changes the privacy calcuations compared to most exchange purchases. I've found the UTXO management aspect to be the biggest learning curve when separating KYC from non-KYC holdings, but once you get it its second nature. The home minin point about it not being about profitability but about participating in the network is spot on too.
Bitcoin’s Institutional Adoption Paradox
ETFs, Treasuries, and Regulation: Bitcoin's Path to Legitimacy — At What Cost?
Bitcoin was created with a number of core principles. We do not need institutions. We do not need banks. We do not need to trust anyone except mathematics. Yet Bitcoin’s survival has become almost entirely dependent on the very institutions it was designed to escape. Billions of dollars are now held in ETFs and treasury company balance sheets. Governmen…
Being Right Too Early Feels Exactly Like Being Wrong
There is a special kind of pain reserved for people who are early and correct.
This timing! So when exactly does stupidity flip to genius?
The Circular Logic of Monetary Policy
How an expandable unit of account creates the problems it claims to solve
Modern monetary policy is built on a claim that is rarely questioned. The idea is that economic stability requires an adjustable money supply. Inflation must be controlled, crises must be mitigated and employment must be stabilized through active management of money. What is almost never examined is whether these problems exist independently of the mone…
The Bitcoin Personality Gap
Certain personality types appear over-represented amongst Bitcoiners and chances are, if you are reading this, you may be one of them.
Last week I published a podcast that I recorded with Bram Kanstein of Bitcoin for Millennials.
Proud INTJ Bitcoiner here!
Excellent synopsis Katie. It also clarifies, for me anyway, why the minority of people globally rejected the popular zeitgeist of 2020 that instructed humanity to take an experimental injection for a pie-in-the-sky "new" virus in order to "save humanity".
Quick Update on Birth of Bitcoin
Good news and a progress update
I didn’t set out to write just another book about Bitcoin. I set out to capture the soul of a revolution.
We Are Measuring the World Wrong and the Consequences Are Everywhere
The central unit used to measure value violates the basic rules of measurement. As long as this error remains uncorrected, social and economic disorder is unavoidable.
Political polarization keeps intensifying. Wars reappear as if they were inevitable. The cost of living rises year after year while wages lag behind. Urban and social violence spreads. Governments and global institutions oscillate between emergency measures and long-term plans that never seem to work. New policies are announced, new targets are set, new…
The Comeback Kid
Trad-Fi Market Summary
Bitcoin Self-Custody Fundamentals 3: What a Seed Phrase Really Is
Your seed phrase is the most important part of Bitcoin self-custody.
Bitcoin ya cruzó el punto de no retorno.
ETFs, banca tradicional y el nuevo ciclo institucional que está cambiando el mercado para siempre.
Hola bitcoiners,
HODL Forever? Not So Fast.
How to decide if you're a saver, a spender, or somewhere in between
One of the most common debates in Bitcoin circles is whether you should spend your sats or hold onto them forever.
Thanks for sharing Katie. I fall into the ‘generational wealth’ bracket. If you could borrow against your bitcoin, locked in escrow, with an ever increasing value, then the equation changes. Whilst there are some options available today, safer and more favourable options will quickly follow. In fact this is the topic of my ebook - the locked liquidity trigger. Thanks for sharing.
Hello Katie, I find myself in a completely different classification. I’m over 60 years old with no house or IRA or 401k etc. you get the picture. I started to purchase bitcoin and altcoins about a month ago. I have some savings collecting cobwebs in savings accounts, not much tough. I’m moving all into my Kraken exchange account and then to my Tangem Wallet. My expectation, being somehow immersed into learning the cryptocurrency world it that I’ll be lucky and hit one of the altcoins that I have researched and from there get some more income to purchase more Btc. All this not for my necessarily but for my family. In any event can you talk or address the situation in where I find myself regarding learning cryptocurrencies, I bet there are many people in similar situations. Thank you very much for your contributions and last question, do you accept sats, how?
The Industrialization of Bitcoin Mining
Why discipline, not speculation, now secures the network
Bitcoin mining has grown up.
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