Monthly Bitcoin reports, straight from the data
Every month we read our own live on-chain and cycle data and write up what it means for holders — valuation, scarcity, institutions and network health. No hype, no advice, just the numbers arranged into a short read.
Essay
The 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.