Pete Rizzo

2 weeks ago | blockworks.co | Pete Rizzo

Imagine being in an industry where a yellow piece of paper is one of your most iconic symbols. Well, that's Bitcoin, and today's legend is none other than Christian Langalis, better known as Bitcoin Sign Guy. Langalis is the young man in a suit who held up a sign that read "Buy ₿itcoin" while Janet Yellen, then-Chair of the Federal Reserve, stood her ground in front of Congress in 2017. Today's story is about much more than just his viral moment, however.

3 weeks 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.

3 weeks 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.

3 weeks 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.

1 month 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.