Bitcoin On a Tear; Ellery’s Updates

June 25, 2019 — Latest Bitcoin Updates

In May and June 2019, Bitcoin’s dollar value rebounded handsomely. In just 3 months, it rose from $3850 to $11,800/BTC. «— and above $13,500 just after publication

Pundits point to Facebook’s release of a whitepaper and framework for Libra, a proprietary coin. They speculate that the Libra announcement legitimizes crypto. It’s possible, but Libra is a very different animal. It’s neither decentralized nor permissionless. In fact, it is not a blockchain coin or even a cryptocurrency).

But, it is folly to attribute this recovery to particular events. Few fundamentals can be identified. This time, there is no ETF or government action that points to fresh investor interest. It could even be increased organic adoption. There are just too many moving parts to gauge short term movement.

The Bitcoin and crypto posts linked below are shorter than articles here at Wild Duck, because they are answers to reader questions. But, this also means that they are simple, clear and digestible…

Bitcoin Pundicy: Recent Wrap-Up

Students: The list at bottom is your homework handout. Choose three. Refute
Ellery’s position (total length about equal to the original article). Cite references.

AWildDuck is my primary soap box. Here, I have the luxury of pontificating on whatever screams for a pithy opinion with sarcastic spin. But, regular readers know that I was recently named most viewed Bitcoin writer at Quora…

Quora is not a typical Blog. Both questions and the numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. The reader voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A. Although a pundit, I resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Answers may contain metaphors, but they explain across a broad audience and with the fewest words.

Check out an answer to a question that you know the least about. (For example, do you know what the coming ‘halving event’ is about?). I would be interested in your opinion.


Ellery Davies is co-chair of Cryptocurrency Standards Association. He hosted
The Bitcoin Event and moderates the largest LinkedIN cryptocurrency group.

Who is Ellery? A Wild Duck

In the before time, man was differentiated primarily by physical prowess. In the middle time, we were differentiated by wealth or poverty. But in the age of information and intellect, individuals are defined by their ability to communicate effectively and by their opinions…

I write with verve and panache. I am also one very opinionated, idiosyncratic SOB.

To my colleagues, I am in need of Valium. To my superiors, I am a wild duck that needs to be controlled and channeled. To my subordinates, I am in need of patience. To my ex-wife, I am sometimes a jerk. And to my offspring, a hero, but–at the same time–very, very weird.

When you reach the half-century mark, you are entitled to opinions and habits. But those fortunate enough to leave a positive legacy in their wake have learned to revisit and reassess opinions. They should never become so entrenched that they become inflexible in light of new ideas and alternate assumptions.

Ellery is my Nom de Plume. I’m not ashamed of my Clark Kent reality, but here, in A Wild Duck, I more freely express opinions.

I have led high-tech startups, run support organizations, designed missiles, and taught fencing (not the fence that surrounds your yard…but rather the sport in which you don head gear and poke oponents in the heart with a foil).

I love Star Trek, Euclid and classical music, but also relish in Doo Wop and Calypso. I kvell over the combination of Stilton cheese with a dry Cab. It is one of my 5 Raison d’être (a fundamental purpose for existence). My taste in woman is utterly unconventional, yet I love my family unconditionally.

I am Ellery Davies. The Blog starts here…
For a quick vitae, see Ellery’s interests. —
Or f
or Dogbert’s thoughts on the meaning of “Fungible”, click here.