Why Would Warren Buffet Sell Bank Stocks?

Warren Buffett

This article was originally published by Austin Litman on Proofofwork.ca Warren Buffet has been dumping his bank positions because banks go bankrupt. One example other than the famous one in 2008 is the “Savings and Loan Crisis” that took place mid-80s to the 90s. It’s when over 30% of all Saving and Loan Associations in […]

Why ‘Inflation Is Transitory’ Can’t Be True

Powell Destroys Credibility

This article was originally published by Austin Litman on Proofofwork.ca What happened to “inflation is transitory”? Why were we told that inflation wasn’t going to last? Because they were able to get away with it and wanted to keep the population calm. The average Joe doesn’t know how inflation works, so the Fed can say […]

What Ancient Stone Money Can Teach Us About Bitcoin

Yap Stone Bitcon

This article was originally published by Austin Litman on Proofofwork.ca Hundreds of years ago, in paradise, one of the most unique forms of money was invented by the Yap tribe on an island east of Indonesia. It was a single stone. These stones were 12ft tall and weighed thousands of pounds. A single stone could […]

Why The ‘Jacquerie Rebellion’ Scares French Bankers To Death

The Jacquerie Rebellion

This article was originally published by Austin Litman on Proofofwork.ca During the 1300s, England and France did not get along. There were hundreds of years of war, and some called it “The Hundred Years War.” The elites were getting arrogant and did not view peasants as people anymore. Peasants were being forced to defend against […]

RSK ‘Rootstock’ – A Brief Review And Overview

RSK rootstock

By Christian Hyland Can a new financial ecosystem be built on top of Bitcoin? Entrepreneurs around the world are building products & protocols on top of Bitcoin’s strong foundation to bring to life a new financial system. The Bitcoin market cap hovers around $323B, however, much of this value is being held and not actively […]

Bitcoin’s Wild Side – Honeybadger Doesn’t Care

The Honeybadger Bitcoin

From a very young age, I was fascinated by wild animals. While other kids my age watched cartoons and sports, I always loved shows about wildlife. These days, I spend most of my time studying Bitcoin, but I still draw from early learnings about nature. This helped me make some links between Bitcoin and my […]

Inside: Binance Launches Speculative Attack Against FTX, And Wins

CZ Binance vs SBF FTX chess

This article was originally published on The Bitcoin Layer. The global dash-to-cash has found its way into the crypto ecosystem Yet another victim of the global liquidity contraction is upon us, only this time it’s not a central bank, it’s a shadow bank. The second largest crypto exchange in the world—FTX—is facing liquidity issues as the native […]

FTX’ed: The Tangled Ties Of Celsius Network and Sam Bankman-Fried

SBF FTX Celsius

This article was originally published by Dirty Bubble Media on Substack Sam Bankman-Fried has gotten a lot of press lately. A former trader turned crypto mogul, he owns both one of the largest crypto exchanges, FTX, as well as one of the largest crypto trading firms, Alameda Research. FTX spent millions in the past several […]

Hudson River Hydroelectric Plant Gets Second Life As Bitcoin Mine

Hydropower plan mines bitcoin

A retired ancient hydroelectric power plant built in 1897 in Mechanicsville, New York, was set for dismantling when it occurred to Jim Besha Sr., CEO of Albany Engineering Corp which owns the plant, to turn it into a vintage bitcoin mining rig. With conduits dusted, moving parts polished and oiled, and worn out parts replaced, […]