Pete Rizzo

United States

Editor-at-Large, Kraken at Freelance

Editor at Bitcoin Magazine

Contributor at Forbes

https://t.co/yDz9D2wfJw

Articles

What Bitcoin's Satoshi and Patrick Bateman have in common

1 day ago | blockworks.co | Pete Rizzo

This is a segment from the Supply Shock newsletter. To read full editions, . The final known Satoshi email was sent to Mike Hearn, one of the earliest Bitcoin contributors and former Google engineer, in April 2011. By that point, Bitcoin had been running for 840 days, or less than two and a half years. Satoshi previously said they had been working on Bitcoin's design since 2007 - so at most they were active in Bitcoin development for about four years.
A year after the Bitcoin halving, how much does 1 BTC cost to mine?

2 days ago | blockworks.co | Pete Rizzo

We all know halvings double the cost of production, a fact the media tends to dress up as an existential threat to Bitcoin every four years. Miners seeking profit must also contend with fluctuating difficulty and energy costs. But if the price goes up, at least they'd get more money for every coin they mine. At $88,500, bitcoin is ahead by 36% since the halving.
How Strike is rewiring global money

6 days ago | blockworks.co | Pete Rizzo

Rizzo, the Bitcoin Historian here, back this week with the story of one of the younger Bitcoin legends - I'm talking about the one, the only Jack Mallers. If you've seen Jack in any of the dozens of interviews he's given from his large, empty closet, you know he's an eloquent defender of Bitcoin. You may not know his long road to becoming a successful entrepreneur. Before his work on Strike, he had a few Bitcoin startup ideas that didn't quite work.
Coinbase has come a long way from 'PayPal for Bitcoin'

1 week ago | blockworks.co | Pete Rizzo

Coinbase brought bitcoin to Wall Street long before BlackRock and Fidelity. Four years ago today, Coinbase went public at a $86 billion valuation - a figure that briefly jumped to $100 billion to rival Facebook's debut in 2012. And for all of the business savvy shown by CEO Brian Armstrong and his executive team, Coinbase's story is one of harnessing Bitcoin's natural inertia.
The inventor of blockchain would like a better Bitcoin

2 weeks ago | blockworks.co | Pete Rizzo

A physicist and researcher cited three times in Satoshi Nakamoto's seminal white paper for his work on digital timestamping is speaking out on the subject of Bitcoin. Scott Stornetta, better known as W. Scott Stornetta, sat down with Blockworks for an episode of the Supply Shock podcast this week, where he discussed his work inventing blockchain record-keeping with Stuart Haber.
The corporate bitcoin dominoes are falling

2 weeks ago | blockworks.co | Pete Rizzo

All eyes are on the tariff-addled traditional markets today - most notably, people are watching to see whether bitcoin will show ( as it did on Friday) signs that it might perform as a hedge against global uncertainty. Regardless, analysts continue to maintain prior price projections for bitcoin, with Standard Chartered, VanEck and Galaxy all noting that the fundamentals of the industry remain strong, with corporate and government adoption continuing apace.
Satoshi Nakamoto turns "50"

2 weeks ago | blockworks.co | Pete Rizzo

Overanalyzing every crumb in Satoshi Nakamoto's long-cold trail isn't exactly useful these days. Not to mention that Satoshi left for a reason and deserves his privacy. But there's hardly a better excuse to lean into the Nakamoto mystery than a cryptic fake birth date.
Bitcoin is up 11,000,000% since this 2011 podcast episode

3 weeks ago | blockworks.co | Pete Rizzo

Can BitCoin be "trusted"? Will anyone accept bitcoins as payment? Could bitcoin eventually replace national currencies and "break the monopoly power of the Federal Reserve"? These were questions fielded by then-lead developer Gavin Andresen, 14 years ago this week. Andresen was speaking on the first podcast episode dedicated to "BitCoin." (The price was a cool $0.73.)This hour-long EconTalk chat was recorded in March 2011, back in the very early months of GPU mining.
Which celebs are bitcoin buy signals?

3 weeks ago | blockworks.co | Pete Rizzo

This week marks the anniversary of two serendipitous Bitcoin posts from celebrities on opposite ends of the cultural spectrum: Neil deGrasse Tyson and Paris Hilton. Apex influencer Hilton came first, on April Fool's Day in 2021. In a brief CNBC interview, Hilton was asked whether she was a bitcoin investor, considering her interest in NFTs."Yes! I'm very, very excited about that as well. It's definitely the future," she replied.
126 million BTC? How Bitcoin's absolute scarcity was saved

3 weeks ago | blockworks.co | Pete Rizzo

Few things are built to stand the test of time. Bitcoin is. Engineers design bridges to last only around 100 years. Modern-day dams might be built that only make it to half that. Perhaps regular maintenance could stretch those numbers by a few decades. They would still crumble much sooner than Bitcoin was ever intended to. Today is the 11th anniversary of a testament to exactly that: BIP-42, the clutch proposal that averted a potential supply crisis 240 years from now.