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Dave Stein

Dave is a former FX trader who has been trading crypto since 2015. He is long BTC.

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Dave Stein's Work 8 Articles
News   -   May 30, 2023 Twitter Account Faces Libel Accusations From Craig Wright as Defamation Cases Persist
Twitter Account Faces Libel Accusations From Craig Wright as Defamation Cases Persist

We tend to think of free expression as an inalienable right, and are often surprised when certain jurisdictions do not treat it as such. English courts are notoriously generous towards libel claims, which is why suing people in the U.K. for things they said on the internet is practically

by Dave Stein
News   -   Apr 25, 2022 Russian Sanctions Continue to Wreak Havoc On Bitcoin Miners
Russian Sanctions Continue to Wreak Havoc On Bitcoin Miners

The U.S. Treasury continues its campaign to accelerate hyperbitcoinization. Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against BitRiver AG and ten of its Russia-based subsidiaries. The sanctions are not intended to stop Russia from mining cryptocurrency, but to address Russia’s ability

by Dave Stein
News   -   Apr 14, 2022 The Maximalist Case for Why Bitcoin Should Switch to Proof-of-Stake
The Maximalist Case for Why Bitcoin Should Switch to Proof-of-Stake

Bitcoiners spend a lot of time thinking about how a malicious actor could attack the network. We tend to assume that the adversary is attacking for monetary incentives, but what if the attacker is not economically rational? What if the attacker is not motivated by financial gain, but narcissistic tendencies

by Dave Stein
News   -   Mar 24, 2022 The Risk To Lightning That No One Is Talking About
The Risk To Lightning That No One Is Talking About

I’m old enough to remember when the Lightning Network was supposed to solve Bitcoin’s transaction limitations. Instead of being slow and traceable, Lightning payments would be quick and private. Nocoiners would finally be forced to eat their FUD. It’s been five years since its initial launch, but

by Dave Stein
News   -   Oct 19, 2021 Bitcoin Price Nears All-Time High as Trading Begins on ProShares Bitcoin ETF
Bitcoin Price Nears All-Time High as Trading Begins on ProShares Bitcoin ETF

After eight years of punted deadlines, the first Bitcoin ETF began trading on the New York Stock Exchange today. It was one of the most anticipated events of the year, with longtime enthusiasts pre-christening the approval date "Diaper Monday" -- the start of a bull run so intense

by Dave Stein
News   -   Oct 16, 2021 Tether and Bitfinex Pay Another Fine, and Stablecoins Might Be a Commodity
Tether and Bitfinex Pay Another Fine, and Stablecoins Might Be a Commodity

Eight months after paying an $18.5 million fine to the state of New York for misleading statements about its reserves, Tether has agreed to pay another $41 million to settle charges from the U.S. Commodity Futures Trading Commission (CFTC) for the same thing. Additionally, Bitfinex accepted a $1.

by Dave Stein
News   -   Sep 01, 2021 Digital Currency Group's Media Outlet Wants Details of Tether Reserves
Digital Currency Group's Media Outlet Wants Details of Tether Reserves

CoinDesk, the media outlet owned by Digital Currency Group, recently filed a Freedom of Information Law (FOIL) request with the State of New York, asking for documents regarding the composition of Tether's reserves. On Tuesday, an attorney for Tether and Bitfinex petitioned to block that release, claiming that

by Dave Stein
Opinion   -   Aug 25, 2020 The IMF Might Be Considering a Shitcoin
The IMF Might Be Considering a Shitcoin

The International Monetary Fund is a predatory lending institution that issues dollar-denominated debts to developing countries. Recent clientele include Argentina, Ecuador, and Greece, whose economies were leveraged to the brink of collapse. What if the IMF could do that, but with a blockchain? In a recent video, the IMF provides

by Dave Stein
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