Bitcoin Articles
Many amazing articles have been written about Bitcoin. I am aware that trying to link to all of them is futile, but I want to make an effort and at least highlight some of them. I highly recommend the literature listed at the Nakamoto Institute, the selection of articles read by Guy Swann, and the writings collected by Adam Taché.
One of the best articles to read if you are new to Bitcoin is La Tesis Alcista de Bitcoin, which outlines why there are very good reasons to be optimistic about Bitcoinâs future.
- La Tesis Alcista de Bitcoin de Vijay Boyapati
Article Series #
- BitTorrent Lessons for Crypto by Simon Morris
- Gradually, Then Suddenly by Parker Lewis
- Bitcoin Astronomy by Dhruv Bansal
- Bitcoin is Venice by Allen Farrington
- Why Bitcoin by Tomer Strolight
The Difficulty of Understanding Bitcoin #
Bitcoin isnât exactly easy to understand. Some of the reasons for this phenomenon are explored in the following articles:
- Nobody Understands Bitcoin (And Thatâs OK) by Jameson Lopp
- Why Itâs Hard to âGetâ Bitcoin by Dhruv Bansal
- Why Blockchain is Hard by Jimmy Song
I explore the multi-disciplinary nature of Bitcoin in 21 Lessons.
Bitcoinâs Uniqueness #
Why Bitcoin, and not something else? Because Bitcoin matters, Bitcoin is unique, Bitcoin is fair, and Bitcoin is way better than you think.
- Bitcoin is Worse is Better by Gwern
- There is no Bitcoin 2.0 by Pete Dushenski
- Why Bitcoin is Different by Jimmy Song
- On Schelling points, network effects and Lindy by Willem Van Den Bergh
- Bitcoinâs distribution was fair by Dan Held
- Why Bitcoin Matters by Aleksandar Svetski
- Bitcoin Has No Intrinsic Value â and Thatâs Great by Conner Brown
- Itâs the settlement assurances, stupid by Nic Carter
- Bitcoin, Not Blockchain by Parker Lewis
- Bitcoin Is Not Backed By Nothing by Parker Lewis
- The Number Zero and Bitcoin by Robert Breedlove
- Only The Strong Survive by Allen Farrington and Big Al
- Against Cryptocurrency - The Ethical Argument for Bitcoin Maximalism by Pete Rizzo
- Bitcoin First - Why Investors Need to Consider Bitcoin Separately From Other Digital Assets by Chris Kuiper and Jack Neureuter
Money #
If you arenât ready yet to read books on money, these articles are a great entry point to start learning about the purpose and history of money.
- Shelling Out - The Origins of Money by Nick Szabo
- The Yield from Money Held Reconsidered by Hans-Hermann Hoppe
- Money, blockchains, and social scalability by Nick Szabo
- La Tesis Alcista de Bitcoin by Vijay Boyapati
- Gradually, Then Suddenly by Parker Lewis
- Bitcoin Obsoletes All Other Money by Parker Lewis
- Bitcoin is Common Sense by Parker Lewis
- Masters and Slaves of Money by Robert Breedlove
I wrote about money and the history and downfall of money in Lesson 11 and Lesson 12.
Proof-of-work #
In my opinion, proof-of-work is one of the most misunderstood parts of the Bitcoin puzzle. It solves multiple problems, making it one of the most integral parts of the system. The following articles explore proof-of-work in more detail:
- Nothing is Cheaper than Proof of Work by Paul Sztorc
- Bitcoin Doesnât Waste Electricity by Beautyon
- Blockchain Proof-of-Work Is a Decentralized Clock by Gregory Trubetskoy
- The Anatomy of Proof-of-Work by Hugo Nguyen
- Work is Timeless, Stake is Not by Hugo Nguyen
- Bitcoin Does Not Waste Energy by Parker Lewis
- Bitcoin Astronomy by Dhruv Bansal
- The Last Word on Bitcoinâs Energy Consumption by Nic Carter
- Proof of Work, a Pictorial Essay by Adam Gibson
- Uncovering The Hidden Costs Of The Petrodollar by Alex Gladstein
I wrote about how I changed my view on proof of work in Bitcoinâs Energy Consumption: A shift in perspective and in Lesson 17.
Bitcoinâs Identity #
What is Bitcoin? This question is surprisingly difficult to answer. It is a network (Bitcoin), money (bitcoin), software (various implementations), an idea (the white paper), an immutable record of ownership (Bitcoinâs ledger, aka the âblock chainâ), a movement, a monetary revolution, and more.
- Bitcoin is. And that is enough. by Beautyon
- Thatâs not Bitcoin, thatâs BCash by StopAndDecrypt
- Thatâs not Bitcoin, this is Bitcoin by StopAndDecrypt
- The Many Faces of Bitcoin by Murad Mahmudov and Adam Taché
- Bitcoin - Past and Future by Murad Mahmudov and Adam Taché
- Bitcoin's Gravity - How idea-value feedback loops are pulling people in by Gigi
- Bitcoinâs Existential Crisis by Nic Carter
- Bitcoin Canât Be Copied by Parker Lewis
- Bitcoin Is Not Too Volatile by Parker Lewis
- Bitcoin Is Not Too Slow by Parker Lewis
- Bitcoin Is Not a Pyramid Scheme by Parker Lewis
- Bitcoin at 12 by Nic Carter
- The Bitcoin Black Hole Effect by William Clemente III
I explore Bitcoinâs identity in Lesson 4 and Bitcoinâs Gravity.
A Social Revolution #
Bitcoin is not only a technological, financial, and monetary phenomenon, it is also a global revolution. Bitcoin captures the hearts and minds of people all over the world, changing society in the process. Today, tens of thousands of âcloset bitcoinersâ exist worldwide, and Bitcoin has developed a zealous cult following.
- Catallaxy - the origins of Bitcoin, innovation and spontaneous order by Francis Pouliot
- Cryptosovereignty by Erik Cason
- The Theological Conquest of Money by Erik Cason
- A most peaceful revolution by Nic Carter
- The Oath of Machines, Liturgy of Code, and Promise of Bitcoin by Erik Cason
- Bitcoin Is a Rally Cry by Parker Lewis
- The Political Theology of Bitcoin by Erik Cason
- Stone Ridge 2020 Shareholder Letter by Ross L. Stevens
- Bitcoin Is Venice by Allen Farrington
- Seetee 2021 Shareholder Letter by Kjell Inge RĂžkke
- Check Your Financial Privilege by Alex Gladstein
- The Legendary Treasure of Satoshi Nakamoto by Tomer Strolight
I explore some of the societal impacts in Lesson 1 and wrote about some of these impacts in The Rise of the Sovereign Individual.
Who Controls Bitcoin? #
One of the first responses of people learning about Bitcoin is âYeah yeah I get it⊠but who controls it?â The question of control is not an easy one to answer, because you have to understand the whole system on a pretty deep level to answer it. The following articles might help.
- Why America Canât Regulate Bitcoin by Beautyon
- Bitcoin Miners Beware - Invalid Blocks Need Not Apply by StopAndDecrypt
- Bitcoin Governance by Pierre Rochard
- Unpacking Bitcoinâs Social Contract by Hasu
- Bitcoin Cannot Be Banned by Parker Lewis
- Can Governments Stop Bitcoin? by Alex Gladstein
I explore the question of control (and censorability) in Lesson 6 and in The Magic Dust of Cryptography.
Bitcoin as a Living Organism #
Ralph Merkle famously called Bitcoin âthe first example of a new form of life.â. Others developed this idea further, which is - in my opinion - one of the most useful analogies to understand Bitcoin.
- Bitcoin is a Decentralized Organism by Brandon Quittem
- Bitcoin is a Social Creature by Brandon Quittem
- Bitcoin - Two Parts Math, One Part Biology by Hugo Nguyen
- Proof of Life - Why Bitcoin is a Living Organism by Gigi
I explore the idea of Bitcoin as a living organism in Proof of Life and Bitcoinâs Habitats.
Hyperbitcoinization #
The concept of Hyperbitcoinization describes the inflection point at which Bitcoin becomes the default value system of the world. Like a hyperinflation event, it is postulated that this process will happen gradually, than suddenly.
- Hyperbitcoinization by Daniel Krawisz
- Speculative Attack by Pierre Rochard
- Hyperbitcoinization - Winner Takes All by ObiWan Kenobit
- You Are Not Prepared by Knut Svanholm
Cypherpunks #
Bitcoin is cypherpunk technology. Made by a cypherpunk, based on cypherpunk ideas. I consider exposure to the ideas and ideals of cypherpunk culture essential.
- The Crypto Anarchist Manifesto by Timothy C. May
- A Cypherpunkâs Manifesto by Eric Hughes
- The Cyphernomicon by Timothy C. May
Privacy #
Without digital cash, a cashless society is a surveillance society. While privacy in Bitcoin is not a given, there are various ways to transact privately. The following resources discuss these possibilities, why the right to transact privately is essential, and why it has to be protected.
- Digital Cash & Privacy by Hal Finney
- The Case for Privacy by David D. Friedman
- Protect Your Privacy by Bitcoin.org
- How Lightning Layers Privacy on Top of Bitcoin by Aaron van Wirdum
- Dandelions, and a Bright Future for Bitcoin Privacy by Guy Swann
- The Case for Electronic Cash by Jerry Brito
- We Must Protect our Ability to Transact Privately Online by Jerry Brito
- Bitcoin Wikiâs Privacy Aritcle by Chris Belcher
- Why Bitcoin Matters for Freedom by Alex Gladstein
- How Private is Bitcoin? by Eric Wall
- Bitcoin and Privacy by Edward Snowden
- Bitcoin And The Hidden Costs Of Hyper-Adoption by L0la L33tz
Misc #
The following are what I consider excellent articles that didnât fit into one of my arbitrarily chosen categories above.
- The Use of Knowledge in Society by Friedrich Hayek
- The God Protocols by Nick Szabo
- Trusted Third Parties Are Security Holes by Nick Szabo
- Stage n - Bitcoin exists by Mircea Popescu
- Everyoneâs a Scammer by Michael Goldstein
- The Bitcoin Halving and Monetary Competition by Saifedean Ammous
- Guess My Bitcoin Private Key by Michael Kerbleski
- An Open Letter to Banks about Bitcoin and Cryptocurrencies by Peter McCormack
- Enders Game by Parker Lewis
- Bitcoin Fixes This by Parker Lewis
- Bitcoin Is Not For Criminals by Parker Lewis
- Our Most Brilliant Idea by Robert Breedlove
- Bitcoiners are Not Toxic - They Have Integrity by Tomer Strolight
- Through the Looking Glass - The FTX and Alameda Saga by Ross Stevens & Greg Cipolaro
- Toward a Node World Order by Michael Goldstein