Bye Bye Bitcoin Bubble

It’s all about the mackerel. In the American prison system, prisoners use packages of mackerel as a medium of exchange because 1) the supply is inherently limited because prisoners can only buy 14 “macks” per week, and 2) no one wants to eat it. In other words, prisoners collectively decided to use a useless item … Continue reading Bye Bye Bitcoin Bubble

Why The Fall of Silk Road and Bitcoin Is Inevitable

As the saga of Silk Road plays out, a lot of attention has been focused on the mistakes that Dread Pirate Roberts made that helped the Feds catch up with him.  The Verge has a good longform piece on this topic: http://bit.ly/1aQExxL It appears that the current Dread Pirate Roberts (for we all know that … Continue reading Why The Fall of Silk Road and Bitcoin Is Inevitable