It’s estimated Bitcoin consumes ~110 TWh (Terawatt Hours) per year. To put that in perspective, it’s about 0.55% of global electricity production, or roughly the same amount as small countries like Malaysia or Sweden. This was paraphrased from Nic Carter’s How Much Energy Does Bitcoin Actually Consume. If you recall from Bitcoin’s Intrinsic Value, Bitcoin’s […]
Bitcoin’s “Intrinsic Value” Here are the things that give Bitcoin value: Engineered scarcity Its use as a store of value (or work) Network Value Permissionless payments in humanitarian efforts Energy Investment (or security) Engineered Scarcity Bitcoin is the first asset in our universe, of which we are aware, that has absolute scarcity. Supply is not […]
As I’m sure you are all aware by now, I’m interested in Bitcoin. I have known about cryptocurrencies for the better part of a decade. Like most Financial Advisors, I was, and still am, extremely critical. We’ve seen initial coin offering (ICO) fraud, rug pulls, useless technologies, blatant jokes, and bona fide bubbles. It’s a […]
Bitcoin is digital, decentralized, finite, fair, safe, improving, elegant, unstoppable, and volatile. Bitcoin is digital: Bitcoin is a single, growing ledger of transactions that are hosted by computers all around the world.” It is referred to as a blockchain, and it can be thought of as internet money or a network of computers verifying the […]
It’s a glorious day! On this day in history, April 30th, 1897, British physicist J.J. Thomson announced his discovery that atoms were made up of smaller components. This finding revolutionized the way scientists thought about the atom and had major ramifications for the field of physics. Though Thompson referred to them as “corpuscles,” what he […]
As of February 13th, 2021 (Representing 60% of my long exposure) Here are my top 20 stock positions along with the mini-thesis of why I own them: Facebook (FB) – Facebook is a near indispensable online public utility. It’s the backbone of our online presence, even if we don’t login as often as we used […]
Happy Friday, On this day in history, February 5th, 1637, the infamous tulip bulb bubble reached its peak. The Dutch tulip bulb bubble of 1637 is often considered the first ever speculative financial market bubble and is still referenced to this day as one of the best historical examples of irrational investor behavior. The bubble […]
In 2020 Shaperfunds generated a total return of 36.6% versus 17.88% for the Standard and Poor’s 500 Index with dividends included. I made some colossal mistakes in 2020 and I’m not kicking myself. It was a difficult year personally and it was challenging providing financial advice when there was so much confusion and dissonance. 2020 […]
On this day in history, December 18th 1865, Slavery abolished in America with adoption of 13th amendment. Following its ratification by the requisite three-quarters of the states earlier in the month, the 13th Amendment is formally adopted into the U.S. Constitution, ensuring that “neither slavery nor involuntary servitude… shall exist within the United States, or […]
On this day in history, Millions stolen from JFK Airport in infamous ‘Lufthansa heist’ – On December 11, 1978 half a dozen masked robbers raided the Lufthansa Airlines cargo building at JFK Airport in New York, making off with more than $5 million in cash ($21 million in today’s dollars or 1,166 Bitcoin) and almost $1 […]
