Bitcoin, explained from the data up
Essays on the metrics, mechanics and monetary history behind Bitcoin — what hashrate actually measures, why the halving shapes the cycle, what changed when money left the gold standard — alongside monthly reports read straight from our own live data. No hype, no advice, just the numbers arranged into a short read.
Are We There Yet? What MVRV Z-Score Actually Measures
MVRV Z-Score explained: how realized cap reveals what holders paid, what the bands mean, and why every cycle's peak reading has been lower than the last.
EssayMinus 48%: What Bitcoin's Bear Markets Actually Look Like
Bitcoin's four bear markets fell 94%, 86%, 84% and 78% from peak — each shallower than the last. Where the current drawdown sits, and what it does not mean.
EssayBad Money Drives Out Good: Why Nobody Spends Bitcoin
Gresham's Law explains why the harder money stops circulating. What happened to US silver coins in 1965, and why low Bitcoin velocity is not a flaw.
EssayThe Cost of Lying: What Bitcoin's Hashrate Actually Measures
Bitcoin hashrate explained: what a hash is, how difficulty self-corrects every 2,016 blocks, what it really measures — and why it does not predict price.
EssayThe Year the Anchor Broke: 1971 and the Chart Everyone Keeps Posting
On August 15, 1971 Nixon closed the gold window and money floated free. What that changed, what the famous charts get right — and where they overreach.
EssayThe Four-Year Clock: How the Halving Drives Bitcoin’s Market Cycle
How Bitcoin’s ~4-year halving cuts new supply in half and has historically shaped its boom-and-bust cycle — and why that pattern may be weakening.
EssayBitcoin vs Gold: The 5,000-Year-Old Money Meets Its Digital Rival
Bitcoin vs gold compared: scarcity, portability, verifiability and market size — how the two hardest monies stack up, and where each one still wins.
EssayThe Engine of Value: Why Scarcity Defines Money — and How Bitcoin Solved It
Money needs scarcity to store your work over time. Here is why gold and fiat fall short, and how Bitcoin achieved absolute digital scarcity in 2008.
EssayThe Economist Who Saw the Future: Milton Friedman and the Genesis of Bitcoin
In 1999 Milton Friedman predicted a reliable internet e-cash — anonymous, peer-to-peer, like handing over a $20 bill. Nine years later, Bitcoin delivered it.