I swear it went down with the boat
The diagnosis in Bitcoin discourse is largely right. The prescription — "Bitcoin fixes this" — gets claimed with more confidence than the evidence supports, and this is an engineer's case for holding the two at different confidence levels.
From cypherpunk experiment to institutional asset: what happens when a rebellious technology becomes respectable?
A decade of U.S. wage data shows that while the average American’s income has barely grown after inflation, it has collapsed in Bitcoin terms — from 145 BTC in 2014 to barely 1.5 BTC in 2023. This piece explores what that means for the value of human labor in a world of infinite fiat and finite Bitcoin.
