Author Archives: Lee Banfield

Sunday 17th June

BITCOIN 1 Bitcoin = $6,553 Market Cap = $112 billion   The Bottom Pierre Rochard: I don’t think this is a bottom indicator but we’re getting there, nocoiners are gloating almost as much as we were in Nov/Dec. I’m waiting for an epic ragequit from a prominent bitcoiner to call the bottom. Tone Vays: I […]

Saturday 9th June

BITCOIN 1 Bitcoin = $7,650 Market Cap = $131 billion   Central Bank Monetary Policy IMF hinting at the possibility that bitcoin could take over central bank currencies as a unit of account: Monetary Policy in the Digital Age Slowly, but surely, Bitcoin creeps further and further into the psyche of those “in charge”. – Marty […]

Thursday 31st May

BITCOIN 1 Bitcoin = $7,549 Market Cap = $129 billion   The Prisoner’s Dilemma With every increase in Bitcoin’s global liquidity, the prisoner’s dilemma between governments becomes increasingly pressing. Which government will defect first and announce that they are HODLing? – Pierre Rochard   Argentina Crisis Armin van Bitcoin: The cover of the biggest newspaper […]

Darknet Markets and the Shadow Economy

I want to use economic theory as a means to abolish the use of coercion and agression amongst mankind. Just as slavery has been abolished most everywhere, I believe violence, coercion and all forms of force by one person over another can come to an end. The most widespread and systemic use of force is […]

Sunday 8th April

BITCOIN 1 Bitcoin = $7,101 Market Cap = $120 billion   Down 50%: Q1 Was Bitcoin’s Second Worst Quarter Ever A look back at historical Bitcoin Price Index data shows that the halving in value seen this year is the second-worst quarterly performance ever. The cryptocurrency suffered its all-time biggest quarterly drop in the third quarter of […]

Quarterly Roundup – Q1 2018

BITCOIN 1 Bitcoin = $6,767 Market Cap = $115 billion   Bitcoin Price March 2010 = $0.05 March 2011 = $0.80 March 2012 = $5 March 2013 = $42 March 2014 = $526 March 2015 = $288 March 2016 = $413 March 2017 = $1,140 March 2018 = $6,767   Twitter/Square CEO Jack Dorsey: Bitcoin […]

Sunday 25th March

BITCOIN 1 Bitcoin = $8,526 Market Cap = $144 billion   Twiitter/Square CEO Jack Dorsey: Bitcoin Will be the World’s Single Currency “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,” Dorsey said. It would happen “probably over ten years, but […]

Sunday 18th March

BITCOIN 1 Bitcoin = $7,486 Market Cap = $127 billion   Lightning Labs Launches Beta With Twitter CEO Backing California startup Lightning Labs has officially launched a beta version of its software (LND), making available what investors and project leads say is the first thoroughly tested version of the tech to date. Bitcoin-centric startups Blockstream and ACINQ  have released […]

Sunday March 11th

BITCOIN 1 Bitcoin = $9,264 Market Cap = $157 billion   Bitcoin in Business If your business doesn’t invest a portion of its cash flow into bitcoin you are likely to lose to the competitors that do. – Steve Barbour   Bitcoin Price March 2010 = $0.05 March 2011 = $0.80 March 2012 = $5 […]

Monday 5th March

BITCOIN 1 Bitcoin = $11,552 Market Cap = $195 billion   Shibuya Crossing: The Busiest Intersection in the World Japan’s porn conglomerate DMM is advertising their cryptocurrency exchange in neon-flooded Tokyo using a Bangladeshi-Russian-Japanese mixed model ROLA who looks like a naked android dripping in gold. Cyberpunk enough for you?! – Yuji Nakamura   Central Bank […]