Crypto collapse: Terra judge repudiates Ripple finding, Razzlekhan cops a plea, Binance’s FDUSD stablecoin, CoinDesk sold, smart contracts still stupid

“Morgan masqueraded as a rapper.” | Continue reading


@davidgerard.co.uk | 9 months ago

Crypto collapse: TrueUSD in trouble, Prime Trust and Banq go down, Europe hates Binance, BlockFi, Terra-Luna, Twitter is just resting

“Submarines are like Bitcoin. The billionaires in them prove that billionaires aren’t very smart.” | Continue reading


@davidgerard.co.uk | 10 months ago

Celsius Network bankruptcy hearing, Thursday 20 October 2022

Anyone could listen in — so Amy did, and took copious notes. | Continue reading


@davidgerard.co.uk | 1 year ago

US Treasury on the Threat of Crypto

They say damp records the past. If that’s so, I’ve got the biggest library yet. | Continue reading


@davidgerard.co.uk | 1 year ago

Crypto collapse: Coinbase’s billion-dollar bloodbath, Hodlnaut goes down

And a few words on crypto bankruptcies. | Continue reading


@davidgerard.co.uk | 1 year ago

US sanctions Tornado Cash – and crypto shrieks in horror

The fundamental fallacy of cryptocurrency: that you can code your way around the rules of society. | Continue reading


@davidgerard.co.uk | 1 year ago

Crypto Collapse: Celsius, Voyager, 3AC CryptoDickButt

“I used to be an investor like you, until I took three arrows to the knee.” | Continue reading


@davidgerard.co.uk | 1 year ago

Canadian Pension Funds Are Losing Big at the Crypto Casino

Pension plans and funds are supposed to put the money that will take you through retirement into capable and diligent hands. | Continue reading


@davidgerard.co.uk | 1 year ago

CoinFLEX Gets Roger Verified

I’m Roger Ver, long-time bitcoin cash advocate and investor. Today I’m at the CoinFLEX world headquarters in an undisclosed location … | Continue reading


@davidgerard.co.uk | 1 year ago

Crypto collapse latest: the contagion spreads

Weekend at Bernie Madoff’s. | Continue reading


@davidgerard.co.uk | 1 year ago

Bitcoin drops below $20k, Ether cracks $1k – what this means

A huge Rube Goldberg machine slapstick custard pie clown car, where each custard pie triggers three more custard pies. | Continue reading


@davidgerard.co.uk | 1 year ago

Small crypto funds are next to fall. Case study: Finblox

Dear Valued Investor: yeah we’re keeping your money bro, lol sucks to be you | Continue reading


@davidgerard.co.uk | 1 year ago

The early history of NFTs, part 4 – Game sprites on the blockchain: CryptoPunks

Amy and I write up CryptoPunks, which launched six weeks after CurioCards — or tried to. | Continue reading


@davidgerard.co.uk | 1 year ago

Celsius goes Fahrenheit 451, and number goes down

We can confirm that we are in fact having a whale of a time staying poor. Few. | Continue reading


@davidgerard.co.uk | 1 year ago

Initial Game Offerings: a failed Initial Grifting Opportunity

IGOs have only the minor problem that play-to-earn never took off beyond Axie Infinity. | Continue reading


@davidgerard.co.uk | 1 year ago

It's still 2014 in crypto payments, and buying a burrito is now a taxable event

“The legacy payment systems are complicated and costly,” says Flexa CEO Tyler Spalding. | Continue reading


@davidgerard.co.uk | 1 year ago

Former OpenSea executive Nate Chastain arrested for insider trading of NFTs

Rule 13: If you’re going to insider trade, don’t do it on a permanent public ledger of all transactions. | Continue reading


@davidgerard.co.uk | 1 year ago

Tortoise Media: Making Sense of Web3 with Luke Gbedemah

The levels are all over the place, so get ready to adjust the volume on the fly. But our content was excellent, and it’s worth the effort. It runs a bit over an hour. | Continue reading


@davidgerard.co.uk | 1 year ago

The Prehistory of NFTs

This is a draft of part one of the history chapter for our planned NFT book. Corrections and nitpicking are most welcomed! | Continue reading


@davidgerard.co.uk | 1 year ago

Attack of the 50 Foot Blockchain-BitcoinIsNotAPonziScheme,it just works like one

“A fish bowl with no food in it that fish keep jumping into because they heard it’s an all-you-can-eat buffet. And for the meanest fish, it is.” Why most Bitcoin on-paper “wealth” can never be real… | Continue reading


@davidgerard.co.uk | 1 year ago

The Central African Republic adopted Bitcoin last week – full text of the law

The one question is: why? | Continue reading


@davidgerard.co.uk | 2 years ago

NFT news: Bored Apes hacked on Instagram; Sina Estavi’s $277 Dorsey tweet

All my apes, influenced. | Continue reading


@davidgerard.co.uk | 2 years ago

Web3: A VC-funded gig economy of securities violations

If you look at a “Web3” offering and just think of it as a pump-and-dump onto retail investors, everything will make much more sense. | Continue reading


@davidgerard.co.uk | 2 years ago

The National Post Invisible Hand Society NFT Collection: The Facepalm Manifesto

Making money’s one thing — but some people get a bit weird about it. | Continue reading


@davidgerard.co.uk | 2 years ago

If you want a scalable Ethereum blockchain, then P=NP

Ethereum makes more sense if you first assume it never mattered if the fancy promises ever worked out. | Continue reading


@davidgerard.co.uk | 2 years ago

Blockchain bridges: how the smart contract piñata works, why bridges get hacked

Oversight needs to be put into place for these supposedly billion-dollar financial institutions — before they get within a mile of the real financial system where people live. | Continue reading


@davidgerard.co.uk | 2 years ago

Don’t take me down to Bitcoin City: El Salvador Volcano Bonds delayed

Zelaya blames the war in Ukraine. Did all those buyers disappear? Surely they weren’t all freshly-sanctioned entities. | Continue reading


@davidgerard.co.uk | 2 years ago

No crypto in 401(k) retirement plans

“EBSA expects to conduct an investigative program aimed at plans that offer participant investments in cryptocurrencies and related products.” | Continue reading


@davidgerard.co.uk | 2 years ago

El Salvador Bitcoin: No Naked Day Trading; Chivo Pets; AstroCasino

“Oh! Sweet mother of baby Jesus!” — a quote from one Salvadoran on seeing that Twitter video of the NFT casino. | Continue reading


@davidgerard.co.uk | 2 years ago

Could Morgan and Lichtenstein have done the 2016 Bitfinex hack?

The hack reeks of social engineering for insider information, not sophisticated computer science brilliance. | Continue reading


@davidgerard.co.uk | 2 years ago

Bored Ape Yacht Club and neo-Nazis: So much reaching for just four bananas

On the essay claiming that the people behind the Bored Ape Yacht Club NFT offering are Nazis. Guest post by Georg Kraml. | Continue reading


@davidgerard.co.uk | 2 years ago

Facebook’s Libra is still dead – Diem to be sold off for spare parts

Maybe Libra was just very stupid. Because it was a blockchain project started by bitcoiners. Maybe it was always just dumb as hell. | Continue reading


@davidgerard.co.uk | 2 years ago

Jennifer Robertson: Bitcoin Widow – Quadriga? I know nothing! Nothing!

“So the truth is, I didn’t know all that much about Gerry or his business.” Well, so much for the one reason we’re reading this. | Continue reading


@davidgerard.co.uk | 2 years ago

Wikipedia NFT

“Sound stupid? Great, you’re all caught up.” | Continue reading


@davidgerard.co.uk | 2 years ago

Creative Commons is shilling NFTs

Creative Commons is also accepting sponsorships from crypto companies. | Continue reading


@davidgerard.co.uk | 2 years ago

Regulatory clarity, extreme edition: anti-money-laundering and crypto

There’s a lot to dislike about the AML regime — but it’s the business environment we have. So let’s see what they’ve made of crypto lately! | Continue reading


@davidgerard.co.uk | 2 years ago

El Salvador: A $1B Bitcoin bond, to set up ... Bitcoin City!

The Bitcoin City plan is a recycled version of a previous plan to lease 10% of El Salvador to China. | Continue reading


@davidgerard.co.uk | 2 years ago

ConstitutionDAO – a $20M stupid Ethereum trick

Either this is an elaborately preplanned rugpull — or it’s actually the dumb stunt it appears to be. | Continue reading


@davidgerard.co.uk | 2 years ago

Stablecoins: Tether, Libra, the President’s Working Group, the IMF

Phrases like “macro critical levels” are what central bankers say when they’re sounding the air-raid sirens. | Continue reading


@davidgerard.co.uk | 2 years ago

Libra Shrugged, Chapter 15: Central bank digital currencies

An excerpt a year after the book’s publication — because I keep referring people to this chapter. Buy the book for more! | Continue reading


@davidgerard.co.uk | 2 years ago

El Salvador Bitcoin, October update: Chivo fraud and dysfunction

I expect Bukele to keep promoting Bitcoin as a point of personal pride. But as a practical day-to-day currency, it’s not doing so well right now. | Continue reading


@davidgerard.co.uk | 2 years ago

Facebook’s Novi hooks up in Guatemala with Paxos, not Diem

David Marcus said in September that Novi would only abandon Diem as a “last resort.” Well, that didn’t take long. | Continue reading


@davidgerard.co.uk | 2 years ago

Tether’s Bad Month: CFTC, Bloomberg, Reggie Fowler

Large crypto traders stick by Tether because there’s nowhere else for them to go — Tether is the only game in town. | Continue reading


@davidgerard.co.uk | 2 years ago

El Salvador: Bitcoin volcano mining starts And Chivo still doesn’t work

You can’t even use Bitcoin to buy prepackaged FUD! | Continue reading


@davidgerard.co.uk | 2 years ago

Bitcoin miners can't sell their bitcoins

’Twas on the good ship ’Toshi, by Craig you should have seen us, it was a little squashy and the end result was “penis.” | Continue reading


@davidgerard.co.uk | 2 years ago

El Salvador: Bitcoin Day! How it went

Chivo is not making friends, and Bitcoin is not popular. | Continue reading


@davidgerard.co.uk | 2 years ago

Xiaomi Redmi Note 10 Pro: flagship features at half the price

My new phone has nothing to do with blockchains, but it’s part of the writer business, so why not. | Continue reading


@davidgerard.co.uk | 2 years ago

El Salvador: Chivo Network back end leaked; 200 ATMs; Bitcoin Trust Fund law

Yesterday: a leaked diagram of the back end for the Chivo network. Today: the law to set up the Bitcoin trust fund. | Continue reading


@davidgerard.co.uk | 2 years ago