Josef Tetek

Mainstream pundits like to paint Bitcoin as this hyper volatile, speculative thing that only a degenerate gambler would touch. Investing in the stock market, on the other hand, is usually promoted as a responsible, conservative thing to do with your money. But isn’t it actually the other way around? "Writing a description of Bitcoin for general audiences is bloody hard. There's nothing to relate it to." -Satoshi Nakamoto The path to understanding Bitcoin is both enlightening and frustrating -

Hyperbitcoinization is a voluntary transition from an inferior currency to a superior one…    …Hyperbitcoinization should be accompanied by a rapid improvement in productivity and wealth…    …Hyperbitcoinization will probably be a confusing time for everyone, like a second adolescence. However, once it is over, no one will be able to imagine how we got by with the earlier system.  - Daniel Krawisz, Hyperbitcoinization Hyperbitcoinization is an old term in Bitcoin circles - it was first coi

Several years ago when I discovered Bitcoin and the growing world of cryptocurrencies, my instinct was to dive in with full force. I wanted to learn everything about how Bitcoin works and why we need it, about the cryptography behind privacy coins like Monero, Grin and zCash, about smart contract platforms and DeFi…  I burned out. It was just too much information and it was impossible to keep up with everything. And I was increasingly suspicious that most of it was just noise that would ultimat

Nayib Bukele sure ain’t your average politician. The president of El Salvador, when confronted with an accusation of becoming a dictator, changed his Twitter bio to “Dictador de El Salvador” (Dictator of El Salvador), and later spiced it up to “El Dictador más cool del mundo mundial” (The coolest dictator in the world). In doing so, he turned a serious accusation into a meme. Bukele is able to leverage the disintermediating qualities of modern media to the fullest: his intention to make Bitcoin

The classic IT panacea of “turning it off and on again,” popularized by the 2006 show The IT Crowd, was recently tried on Solana, a supposedly decentralized smart contract platform. To be fair, Solana validators didn’t turn the network off per se, it halted on its own. The halting happened due to a flood of transactions, made possible by Solana not having any practical block size limit and no real fee market as a result. On September 14th, Solana was hit with hundreds of thousands of transactio