Bitcoin Pizza Day Bitcoin Pizza Day is May 22, the day in 2010 a programmer paid 10,000 bitcoin for two pizzas. It’s told as the most expensive lunch in history, and the joke writes itself. But the story worth telling is a different one. It’s the day bitcoin first bought something real, and that’s how…
Why self-custody matters Self-custody is the difference between owning bitcoin and owning a promise that someone will give you bitcoin. It means holding your own keys, so no exchange, bank, or government sits between you and your money. This is what self-custody is, why control of the keys is the same thing as ownership, and…
What is the Bitcoin Standard? The Bitcoin Standard is a 2018 book by economist Saifedean Ammous. Its argument is easy to state and hard to shake. A money holds its value only as long as no one can easily make more of it, and by that test, the book argues, Bitcoin is the hardest money…
Bitcoin Myths · #6 of 20 Short Answer You don’t have to buy a whole Bitcoin. Bitcoin divides into 100 million units called satoshis. You can buy $5, $50, or $500 worth and receive the exact equivalent in sats. Most people who own Bitcoin have never bought a whole bitcoin. Where the confusion starts Bitcoin’s…
How Bitcoin solves the double spending problem Double spending is the problem that stopped every attempt at digital cash for thirty years. A digital coin is a file, and a file can be copied and sent to two people at once. Every earlier fix needed a bank in the middle to keep score. Here is…
Who created Bitcoin Who created Bitcoin is one of the few questions in modern technology with no verified answer. We know what the creator did, and we know it in remarkable detail, dated to the minute. We do not know who the creator is. Here is the documented record, the untouched fortune, and why the…
Why Bitcoin has value Money does not need a physical thing sitting behind it to have value. What matters is whether people find it useful, scarce, durable, and trustworthy enough to accept. Bitcoin value does not depend on something sitting behind it either. It depends on what the network provides and whether people keep valuing…
How Bitcoin secures your wealth Securing wealth comes down to defending against two threats. Someone seizes your money, or the people who print it quietly make it worth less. Bitcoin was built to close both doors. Here is how ownership works when no bank holds your money and no one can print more of it….
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