David Canellis

1 week ago | blockworks.co | David Canellis

Liberland has fallen. It's a tale almost as old as Bitcoin itself. One day, you're buying just a little bit of bitcoin. Stacking sats on Saturdays. Suddenly, you mistakenly catch a glimpse of a video about stablecoin yield in your feed. The algorithm's fault. Then, a screenshot of generational memecoin gains. A string of governance airdrop tweets follow fast; farmers rich, KOLs richer. You? Fully FOMO'd. Congratulations! You've been radicalized by the Web3 cabal.

1 week ago | blockworks.co | David Canellis

The technological singularity, when men will merge with machines to shed all "limitations of our biological bodies and brain," may only be 20 years away, says Ray Kurzweil. Something to look forward to! Meanwhile, Bitcoin has already brought about something similar. Fourteen years ago today, the price of bitcoin traded at under dollar parity for the last time ever - an event that we'll call "the Coinvergence," because "financial" and "economic" singularities were already taken.

2 weeks ago | blockworks.co | David Canellis

Bitcoin's first Ponzi scheme was nothing special - but it was early. After the 1906 inception of the international reply coupon, it took 14 years for Charles Ponzi to come along with his legendary scheme, which he peddled across Boston society to the tune of $20 million at the time ($319 million in today's money). Meanwhile, it only took Trendon Shavers, aka Pirateat40, less than three years to pull off something similar on the Bitcoin blockchain: Bitcoin Savings & Trust.

2 weeks ago | blockworks.co | David Canellis

When it comes to whether bitcoin is (or was ever) a bubble, the late John McAfee said it best. "Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not [care] enough to try. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else."That was in early December 2017, when bitcoin traded at under $17,000.

3 weeks ago | blockworks.co | David Canellis

In this week's roundup, David Canellis looks at a 13-year-old job post that transformed crypto, a Kenyan startup combining crypto mining with hydroelectric power, and Gamestop's bitcoin buying spree. Opportunity knocksThe year is 2012. Skrillex's "Bangarang" is playing somewhere in the background, and you're debating whether to see The Hunger Games or 21 Jump Street at the cinema. You decide to scroll Hacker News instead.