Unless you have been living under an EtherRock, you probably heard about the explosion in popularity of NFTs (I know, that’s a corny joke, but I couldn’t resist). According to DappRadar, NFT sales volumes surpassed $2.5 billion in the first half of 2021. One of the original NFT collections, CryptoPunks recently hit $1 billion in trading volume over its lifespan. Earlier this year, digital artist Beeple sold a piece of art for $69.3m making it the most expensive NFT ever purchased. Then two weeks ago, the owners of the original doge meme NFT, which had been previously purchased for $4…


Ethereum is a programmable smart contract platform, built on its own blockchain, that uses Ether as its currency to power the network.

A smart contract is a self-executing, digital contract that has the terms of the agreement between the buyer and seller written into the code. The code and the agreements contained therein exist across Ethereum’s distributed network and execute autonomously once the conditions are met. As such, Ethereum allows for the digital facilitation, verification, and enforcement of a contract without the need for third parties.

Which leads us to an important distinction: Ethereum is solving a very different problem…


A common misconception about bitcoin the asset and the Bitcoin blockchain is that it is competing at the payment layer with the likes of Visa or Mastercard. I do not believe this to be accurate. As Murad Mahnudov and Nic Carter have discussed in the past, Visa and Mastercard are more akin to layer 2 or layer 3 payment solutions built on top of a base settlement layer. Today, Bitcoin is a much better settlement layer than it is a medium of exchange. …


It’s easy to overcomplicate things. When it comes to crypto, it’s almost impossible not to overcomplicate things. The technology is new and rapidly evolving, the industry moves at lightning pace, and there are a whole host of financial, economic, regulatory, political, and ideological rabbit holes to dive into. And when you add in the FUD (fear, uncertainty and doubt) that gets reported in the news and is often times covered at a very superficial level, it becomes really easy to miss the forest for the trees.

That’s why I find it helpful to focus on the most basic, fundamental principles…


The crypto landscape continues to evolve at incredible speed. Bitcoin is seeing rising demand and adoption from consumers, corporations, asset managers and governments. The biggest challenge facing Ethereum right now is that there is so much demand that the fees on the network are rising to new highs. Eighteen months ago, DeFi was not even a term in the lexicon and now we have fully decentralized exchanges that are processing over $1 billion of transaction volume per day. Non-fungible tokens (NFTs) are being sold for millions of dollars and completely disrupting the digital media landscape. …


On May 11, 2020, Bitcoin experienced it’s third halving event and at the time, the price was sitting at around $8,600. We know that Halving events occur every four years and cut the daily supply issuance of new bitcoin in half. This supply shock puts natural upward pressure on price and a new bull market is kicked off. This story played out in 2013, 2017, and is currently in the middle of playing out now. By April of this year, Bitcoin had reached $63k, more than 7x growth from the start of the cycle.

However, since then, the price of…


One of the most common questions I get about cryptoassets has to do with regulation. Understandably, there are concerns about how this industry may be regulated in the future. However, most of the concerns I hear are more speculative rather than based on historical context and understanding of present-day facts. I’ve spent a lot of time reading and trying to understand the regulatory landscape and while I’m far from a legal or policy expert, I thought it might be helpful to present a brief overview about crypto regulation in the US.

The truth is, historically, the biggest challenge with crypto…


Although I am not a climate expert by any stretch of the imagination, the impact Bitcoin has on the environment is a topic I have spent a lot of time trying to better understand. This paper is a collection of the best information, facts and arguments I have gathered on the topic from numerous articles, reports and conversations.

It is true that Bitcoin does consume a large amount of electricity to power the network. This makes for great headlines such as “Bitcoin uses more electricity than Argentina” or “Bitcoin will increase global warming.” However, superficial headlines like these do not…


My previous two posts set the stage for why I believe Bitcoin will emerge as the next world reserve asset in the coming decades. My first post outlined the current challenges the dollar is facing as the world reserve asset and why it’s only a matter of time until it will be replaced. My second post walked through the rationale as to why every other option is not a viable replacement. This post I want to focus on what makes Bitcoin the most logical choice to replace the dollar as the next world reserve currency.

There are four criteria that…


In my previous post I covered how the dollar is following a similar trajectory to previous reserve currencies and why it’s likely to be replaced as the world reserve asset in the future. Should this happen, the question then becomes, what will replace it? As I’m sure you can guess, my answer to that question is Bitcoin. But before we dive into why Bitcoin is the most logical replacement; I first want to examine other possible contenders.

Why it won’t revert back to gold

In previous shifts, the reserve asset has always reverted back to the best form of sound…

Brett Munster

entrepreneur turned fledgling investor. baseball player turned aspiring golfer. wine, food and venture enthusiast.

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