Owning bitcoin is the best teacher Responses from the recent Global Crypto Literacy survey show that people who own cryptocurrency are twice as likely to answer crypto-related questions correctly when compared to people asked about crypto but who don’t own any. On the surface, this data point makes sense. People who own crypto know more …
Bitcoin’s transaction fees According to responses from the recent Global Crypto Literacy Survey, only 1 in 10 of the survey’s participants have clarity about how bitcoin transaction fees work. Here are a few high level points about bitcoin transaction fees: Use of the bitcoin network does come with a cost, known as a transaction fee …
About bitcoin’s upward price trend Only 4 in 10 respondents of the Crypto Literacy Survey correctly answered the question about what drives bitcoin price. The most straightforward way to think about why bitcoin’s price keeps climbing higher and higher is because of the basics of supply and demand. Bitcoin’s supply In a separate post, we …
Bitcoin’s fixed supply The results of the recent Crypto Literacy Survey show that 9 out of 10 respondents don’t understand the basics about bitcoin supply and demand. But one of bitcoin’s greatest attributes — and one of the things that will drive the bitcoin price higher — is the currency’s value is its fixed supply. …
9 out of 10 lack a basic understanding of bitcoin’s fixed supply Read More »
Welcoming crypto literacy The global adoption of cryptocurrency systems represents a massive shift in the way we do things. At the macro-level, cryptocurrencies and decentralized technologies will change the way we organize, communicate, and structure ourselves. At a micro-level, cryptocurrency technologies will enable equitable access and personal freedom in ways that legacy systems can’t (or …
