Op Ed

We often have guest writers contribute to Bitcoin Magazine with their thoughts and opinions.

The views expressed are the authors own and do not necessarily reflect those of Bitcoin Magazine or BTC Inc.

Op-ed - Op Ed: Why Bitcoin’s “Toxic” Maximalism Makes Sense
Op Ed: Why Bitcoin’s “Toxic” Maximalism Makes Sense

Over the years, Bitcoin has gained a reputation for having a “toxic” community of users around it. But there is a logical reason that some Bitcoin users get extremely angry at certain members of the greater crypto asset community.

China - Op Ed: CCID’s Crypto Rankings Are Pointless (and They’re Not Official)
Op Ed: CCID’s Crypto Rankings Are Pointless (and They’re Not Official)

In its latest crypto ratings, the CCID proved that, yet again, its rankings aren’t worth paying attention to and are far from objective — at least, that’s one opinion.

Op-ed - Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes
Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

Are your cryptocurrency trades taxable? And how should you calculate your gains and losses and report them to the IRS?

Op-ed - Op Ed: With Bitcoin
Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

In a SXSW panel discussion, IBM’s Christopher Ferris asked bitcoiner Jimmy Song if he was arguing for anarchy over a regulated financial system . In this op ed, Kyle Torpey posits, “Yes! That’s the whole point!”

Op-ed - Op Ed: Hanging Money Launderers Out to Dry: The Role of KYC/AML in Blockchain
Op Ed: Hanging Money Launderers Out to Dry: The Role of KYC/AML in Blockchain

In this op ed, CoolBitX CEO Michael Ou argues that “anonymity contributes to cryptocurrency’s notorious volatility and makes it that much less likely that digital currencies will become stable stores of value.”

Investing - Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move
Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds.

Investing - Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move
Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row.

Blockchain - Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto
Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

In the pursuit of mass adoption, decentralization shouldn’t be our goal, but instead a means to achieve the many different, and equally important, goals that exist for cryptocurrency users.

Privacy & security - Op Ed: Why It’s Unsafe to Store Private Crypto Keys in the Cloud
Op Ed: Why It’s Unsafe to Store Private Crypto Keys in the Cloud

Unless cybersecurity becomes part of the fabric of blockchain and crypto with stakeholders taking it more seriously, it will take much longer for this amazing technology and currency to get the mass adoption that it deserves.

Op-ed - Op Ed: How Bitcoin’s Protocol of Peace Can End the Nuclear Age
Op Ed: How Bitcoin’s Protocol of Peace Can End the Nuclear Age

Bitcoin offers an alternative to a universal security system backed by men with guns. It creates a new model of security based on cryptographic proof that can resist unlimited applications of violence, making a bulletproof network.

Investing - Op Ed: Should You File a Foreign Bank Account Report for Bitcoin Holdings?
Op Ed: Should You File a Foreign Bank Account Report for Bitcoin Holdings?

An American who owns a financial interest (like bitcoin) worth $10,000 or more, or has signing authority over a foreign financial account, doesn’t necessarily have to actually pay taxes on them. But they must let the IRS know about them.

Op-ed - Op Ed: Bitcoin Mining Attacks Are Overblown
Op Ed: Bitcoin Mining Attacks Are Overblown

The question here is whether bitcoin mining is a single point of failure. Could a government or other authority control Bitcoin through controlling a single entity in mining? What would it actually take to “take over”?

Op-ed - Ten Years Later
Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

Rather than focusing simply on what the genesis block is, today is a day to reflect on what the genesis block represents.

Adoption & community - Op Ed: Bitcoin Is a Declaration of Our Monetary Independence
Op Ed: Bitcoin Is a Declaration of Our Monetary Independence

“If we don’t finish freeing ourselves with the open, permissionless, decentralized blockchain, they are going to imprison us with the closed, permissioned, centralized blockchain,” says Nick Spanos.

Op-ed - Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto
Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For the crypto industry, recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

Investing - Bitcoin Price Analysis: New Highs Are Nigh
Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Op-ed - Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets
Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Adoption & community - Op Ed: It’s Time to Reject Mediocrity
Op Ed: It’s Time to Reject Mediocrity, #ExitFiat and Embrace Bitcoin

“At the end of the day, it doesn’t matter who you are or where your politics sit. You will end up using crypto and being part of this network. Bitcoin and crypto act as a funnel and, in the end, everyone will fall through.”

Op-ed - Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals
Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

Tax accountants and firms that specialize in cryptocurrency will emerge to capture and service this market. The first movers will be the ones who stand to capture the oversized profits.

Op-ed - Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?
Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

Last month’s attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail” of stablecoins.

Op-ed - Happy Birthday
Happy Birthday, Bitcoin! A Letter From Ross Ulbricht

“Bitcoin is turning ten, and like many of us, I feel like a proud parent, having watched it grow into its potential over the years. I guess I’m the estranged father in prison though, who can’t be there to help raise his kid.”

Op-ed - Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive
Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

There are many misconceptions around Bitcoin’s energy use and why it’s required to safely and securely transact cryptocurrencies. Let’s look at the larger picture.

Op-ed - Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini
Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Dr. Jan-Willem Burgers offers an extensive, Bitcoin-specific refutation of Nuriel Roubini’s recent testimony before the U.S. Senate committee on Banking, Housing, and Urban Affairs.

Op-ed - Op Ed: Why Satoshi Nakamoto Deserves a Nobel Prize
Op Ed: Why Satoshi Nakamoto Deserves a Nobel Prize

This would be no stunt: Satoshi Nakamoto deserves a Nobel Prize.