Bitcoin & Cryptocurrency Blog – The Coin Shack
Consumer Apathy Towards Bitcoin
Consumer Apathy is a Risk The previous posts have focused on powerful centralized entities such as governments and stakeholders in the ecosystem such as developers. There is another group that is paramount to the development and adoption of Bitcoin. At the end of the...
Funding for Bitcoin Developers
Bitcoin Developers are one of the most important stakeholders of the Protocol Another internal risk to the protocol lies with one of the most important yet often ignored stakeholders; the developers of Bitcoin. Bitcoin is an open source protocol that is managed by a...
A Bug in the Code
A Bug in the Bitcoin Code So far we have explored the risks to the mass adoption of Bitcoin from the perspective of what governments can do to stop it’s growth. There are also internal risks within the protocol. This blog post will discuss an always present...
Back to the Gold Standard
Currency Peg to Gold Continuing on this theme of the role governments will play in the future of Bitcoin, let’s discuss another tool at their disposal. If governments agree to peg a reserve fiat currency to the gold standard, it could affectively put a dent in...
Governments May React Negatively Towards Bitcoin
Countries Attempt Banning Bitcoin The biggest risk to Bitcoin is a coordinated negative stance by all the major governments of world. The first and most dangerous tool at their disposal is the ability to completely ban the use and ownership of Bitcoin. There have been...
Intro to the potential risks and downfalls of Bitcoin
Risks and Downfalls Bitcoin has the potential to change some of the biggest problems that plague modern society today. We truly believe that a lot of the problems we see today, from the civil unrest to the endless wars can be mitigated or solved if Bitcoin works the...
Why Bitcoin Halving is Important for the World Economy | The Coin Shack
Why the Bitcoin Halving is Important for the World Economy In the previous posts in this halving series, we’ve discussed some of the nuts and bolts of the halving feature along with the business cycle pertaining to the miners in the ecosystem. In this post, we will...
How Bitcoin Halving Affects Mining | The Coin Shack
How does Bitcoin Halving Affect Mining? One of the most important stakeholders in the Bitcoin ecosystem are the miners. They secure the network against attacks and produce the blocks that hold all Bitcoin transactions. Mining bitcoin started with Satoshi running the...
An Easy Introduction to Bitcoin Halving | The Coin Shack
A Simple Introduction to Bitcoin Halving Once every four years, there is a major event involving the Bitcoin protocol. The “halving” is a predetermined 50% reduction in the supply of newly created Bitcoin. It has been baked into the protocol from the beginning and is...
Why Bitcoin Can Fight Inflation and Help the Economy | The Coin Shack
Why Bitcoin Can Fight Inflation and Help the Economy The price of goods and services increase slowly over time. We are all used to this phenomenon and most of us don’t really question it. The fundamental concept of modern finance can be summed up with one basic...
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