Value | Digital Money Times

Fixing The Incentives: The Fiat Treadmill Keeps Us From Storing Value

February 12, 2023 By Mark Lyford Leave a Comment

By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.

Bitcoin changes our mental model and we can see it in a lot of people that get into Bitcoin. Many Bitcoiners start saving and not living paycheck to paycheck. Many start taking their lives more seriously and quit drinking alcohol and playing video games. Still others start investigating their diet and quit eating sugar, carbs, seed oils and other things they’ve been eating their whole lives. Some even get married and start having children. There are even some who start taking religion seriously. Read more...

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Fiat Ruins Work But Bitcoin Rewards Those Who Add Value

February 6, 2023 By Mark Lyford Leave a Comment

How have Big Tech companies laid off so many with no consequences to their operations? Because fiat incentivizes meaningless rent seeking.

This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.

We need work and work needs us.

Labor is what takes a harsh, brutist and difficult world and turns it into a livable, enjoyable and even meaningful place. Work is how we contribute to our civilization, our communities and, of course, our families. Work in a normal, functioning market provides value. Read more...

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Mainstream Bitcoin Exchanges Have Obscured The Value Of Private, P2P Alternatives

January 20, 2023 By Mark Lyford Leave a Comment

Mainstream bitcoin exchanges which collect troves of user data have warped users’ expectations for privacy-preserving, peer-to-peer versions.

This is an opinion editorial by Okada, mechanical engineer and contributor to peer-to-peer bitcoin exchange RoboSats.

Buying your first bitcoin has dramatically changed since the early days of trading on forums or Internet Relay Chat (IRC). Large exchanges sprung up and nowadays, they’ve perfected the art of attracting newbies through demystifying the buying experience with seamless and, quite frankly, mindless user interfaces. Read more...

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Bitcoin Can Be Super Collateral If Lenders Understand Its Value

January 10, 2023 By Mark Lyford Leave a Comment

The frequent implosion of crypto lending platforms is rooted in their mismanagement and failure to respect bitcoin’s true value.

This is an opinion editorial by Max Keidun, the CEO of peer-to-peer bitcoin exchange Hodl Hodl.

The bitcoin lending space has suffered from several major issues in recent months and years, from the fallout of the Terra/Luna crash, impacting Celsius and BlockFi, and now FTX as well, to liquidity crunches given the sustained price drawdown, varying accusations of market manipulation and more. Read more...

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Ethereum DeFi Suffered 76% Decline In Total Value Locked This Year

December 31, 2022 By Mark Lyford Leave a Comment

Data shows the bear market has also hit Ethereum decentralized finance (DeFi) hard, as the total value locked in the sector has declined by 76%.

Total Value Locked In Ethereum DeFi Now Only Around $ 23.1 Billion

Decentralized Finance (or DeFi as it’s most commonly known) includes all types of financial services that are done on the blockchain. Like other entities on the blockchain, DeFi is public and doesn’t involve any centralized party to get things done (as transactions are peer-to-peer). Read more...

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FTX-Binance Drama: FTT Loses $2.5 Billion In Market Value – Going For Nil?

November 9, 2022 By Mark Lyford Leave a Comment

The FTX-Binance drama unfolds and deals a heavy blow on Sam Bankman-Fried’s crypto, the FTT.

FTT, the token created to act as native cryptocurrency of crypto exchange FTX, suffered a massive blow after news broke that Binance is buying the company.

In just a span of 24 hours, the digital asset lost almost 71% of its value and its market capitalization went down from $ 2.9 billion on Monday to just around $ 600 million at press time.

According to tracking from Coingecko, the altcoin is changing hands at $ 4.47. Over the last seven days, FTT declined by 82.3% in the face of the ongoing FTX-Binance tussle. Read more...

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Ethereum Fork Mastermind Says ETHW Will Have The Same Value As ETH

September 24, 2022 By Mark Lyford Leave a Comment

The Ethereum hard fork token (ETHW) has been popular after playing off the popularity of the Ethereum Merge. The fork was carried out in a bid to keep Ethereum in its original proof of work mechanism, and the ETHW token resulted from it. Chandler Guo is now known as the self-appointed organizer of the hard fork and he has shared his thoughts on where he expects the forked token to be in the next decade.

On Par With Ethereum Read more...

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Understanding Our Current Monetary System And Bitcoin’s Value Proposition

September 3, 2022 By Mark Lyford Leave a Comment

In order to understand Bitcoin’s potential role in the future, we must understand the monetary system of the present.

This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics.

Author’s note: This is the first part of a three-part publication.

Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation.

Part 2 focuses on the current fiat system, how money is created, what the money supply is and begins to comment on bitcoin as money. Read more...

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Saddle Finance Redefines Trading of Pegged Value Assets with Ease And Security

August 15, 2022 By Mark Lyford Leave a Comment

Are you ready to Saddle up?

A decentralized finance platform architectured to facilitate efficient trade between pegged crypto assets is now one of the most prominent names on the Ethereum blockchain.

Saddle Finance, an automated market maker (AMM), is developing solutions to eliminate roadblocks related to the spread between stablecoins and tokenized crypto assets.

In the crosshairs of Saddle’s team of engineers and software developers is a path that distinguishes the company from its competitors and offers users distinctive and unparalleled value. Read more...

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Bitcoin Will Beat Gold As Store Of Value, MicroStrategy CEO Says

August 15, 2022 By Mark Lyford Leave a Comment

Bitcoin always has big names behind its back, and – why not?

According to MicroStrategy founder Michael Saylor, the emergence of Bitcoin as an investment could herald the end of gold as an asset class in the long run.

Saylor, the outgoing CEO of MicroStrategy and a crypto bull, made this claim in December of last year.

Fast forward eight months: During an interview with Stansberry Research on Saturday, Saylor indicated that the precious metal would most certainly undergo “demonization” as a result of the rise of cryptocurrencies, particularly Bitcoin. Read more...

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Tornado Cash Token Loses 24% Of Value After Developer Arrest

August 14, 2022 By Mark Lyford Leave a Comment

TORN, the token of Tornado Cash, plummeted by nearly a quarter in the last 24 hours after Dutch authorities arrested a suspected developer for the crypto transaction mixing protocol in Amsterdam on Friday.

After the US Treasury added the mixing protocol on its sanctions list, Tornado Cash noticed a significant decrease in deposits and a rise in withdrawals.

According to sources, barely $ 6 million has been deposited into the system since the implementation of the sanctions. The numbers reflect a 79% decrease compared to the same timeframe the week prior.

Tornado Cash (TORN) Sheds 97% Since Feb. ATH Read more...

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Netflix Loses $17 Billion in Value; That’s $135K Per Lost Subscriber

July 19, 2019 By Mark Lyford Leave a Comment

Netflix reported its first decline in U.S. subscribers in more than eight years yesterday, losing 126,000 subscribers while analysts were expecting an increase of 350,000. The stock tanked by more than 10 percent today. Big Subscriber Loss = Big Valuation Loss The miss freaked out Netflix investors, lopping $ 17 billion off Netflix’s still-insane valuation of […]

The post Netflix Loses $ 17 Billion in Value; That’s $ 135K Per Lost Subscriber appeared first on CCN Markets

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Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics

July 15, 2019 By Mark Lyford Leave a Comment

The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light of president Trump’s recent comments about bitcoin, saying it was created from “thin air,” and a congressional warning to Facebook regarding their Libra project. After all, to raise the debt ceiling and keep paying bills with borrowed USD is creating value out of thin air as well. Intrinsic value is nowhere to be found here. Not surprising when it comes to fiat perhaps, but diamonds and gold don’t make the cut, either. Read more...

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Your Old Baseball Cards Are a Better Store of Value Than Bitcoin

June 29, 2019 By Mark Lyford Leave a Comment

One of the primary arguments in favor of bitcoin is that it is a “store of value.” It makes sense on the surface, but when one digs into the meat of this claim, it comes up with less beef than a Beyond Meat burger. Evaluating Bitcoin as an Investment Commodity The category of “investment commodity” […]

The post Your Old Baseball Cards Are a Better Store of Value Than Bitcoin appeared first on CCN Markets

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Report Insists ‘Bitcoin Was Not Purpose-Built to First Be a Store of Value’

June 7, 2019 By Mark Lyford Leave a Comment

There’s been furious debate over the last few years on whether or not Satoshi created Bitcoin to be a peer-to-peer cash system or a purpose-built store of value. Lately, a few BTC proponents claim that Satoshi deliberately built Bitcoin to be a store of value (SoV). Despite the SoV narrative, the cofounder of OB1, Samuel Patt, wrote an in-depth research report uncovering nearly “everything Satoshi ever wrote,” which makes him firmly believe Satoshi’s invention was really “built for payments.”

Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading Read more...

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Op Ed: Debunking Bitcoin Myths, The ‘Intrinsic Value’ Fallacy

May 30, 2019 By Mark Lyford Leave a Comment

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin.

One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. This point was an area of heavy debate among libertarians and Austrian economists who had become interested in bitcoin as a potential digital alternative to gold in the early stages of the crypto asset’s development.

Much of the debate revolved around Austrian school economist Ludwig Von Mises’ regression theorem, which claims non-monetary use cases as a prerequisite for any good to become a money. Read more...

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Putting an End to the Bitcoin Store of Value Fallacy

May 6, 2019 By Mark Lyford Leave a Comment

Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it’s held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences.

Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash Read more...

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[Guest Post] AI at a Crossroads – Unlocking the value of data, without unlocking the data itself

April 13, 2019 By Mark Lyford Leave a Comment

by Trent McConaghy, Founder of Ocean Protocol A select few companies in Silicon Valley and China having amassed vast amounts of wealth, by leveraging AI to mine citizens’ data; this is the state of play in AI. But is this the future we want? The future I see is rather one where AI helps address some…

The post [Guest Post] AI at a Crossroads – Unlocking the value of data, without unlocking the data itself appeared first on CoinReport.

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CEO Behind EOS Predicts Bitcoin (BTC) Will Replace Gold as the Leading Store of Value

March 19, 2019 By Mark Lyford Leave a Comment

Brendan Blumer, the CEO and co-founder of Block.One, the company behind EOS (EOS), believes that Bitcoin (BTC) is set to replace gold as the standard store of value over the next two decades, according to a recent tweet. Over the next two decades, #Bitcoin will replace #gold as the leading commodity to store value — […]
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Warren Buffett Says Bitcoin (BTC) Has ‘No Unique Value’

February 25, 2019 By Mark Lyford Leave a Comment

Billionaire investor and philanthropist Warren Buffett again shared some choice words about Bitcoin (BTC) and digital currencies on Monday. During an interview with CNBC’s Becky Quick, Buffett doubled down on his anti-crypto position, saying “Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little […]
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