The Part Time Economist

The Part Time Economist

Hi everyone. This is just a place for me to post some of my thoughts and analysis. I hope that someone finds them useful.

What Is Liquidity - Crypto Whiteboard 101

24 May 2021 4 minute read 7 comments The Part Time Economist

I recently received a request to make a post explaining the concept of liquidity and how it affects cryptocurrency trading. In this post, I'll explain what liquidity is, and why it matters for cryptocurrency traders.  What is Liquidity I think the b...

Newbie's Guide To Crypto - Basics of Getting Started

13 May 2021 6 minute read 4 comments The Part Time Economist

Just a few years ago, being a cryptocurrency investor was like being part of a secret club. It was something that was mysterious, and not a lot of people seemed to be interested in it or understand it. Now, cryptocurrency is in the mainstream, and it...

Guide To WAX Blockchain - CPU, NET, RAM

1 May 2021 4 minute read 18 comments The Part Time Economist

This morning, I logged in to my Alien Worlds account and was excited to mine some Trilium when I got an error message saying that I had "run out of CPU" and couldn't claim my TLM. Unlike chains such as Bitcoin Cash or Ethereum, which use a single nat...

Create Your Own NFT on the WAX Blockchain

21 Mar 2021 5 minute read 9 comments The Part Time Economist

Just a few days ago, a CryptoPunk sold for over $7 Million breaking the previous record of $2 Million. According to the New York Times, we are currently in a Non-Fungible Token Mania with some NFTs being sold for $69 Million. NFT prices have gone par...

InterPlanetary File Storage - Decentralized, Distributed, Censorship-Resistant

16 Mar 2021 6 minute read 8 comments The Part Time Economist

IPFS is a "peer-to-peer hypermedia protocol designed to make the web faster, safer, and more open." Although IPFS isn't strictly blockchain-based, it does embody many of the core principles of blockchain including decentralization, distributed nodes,...

CoinGeko - A Crypto Newbie's Best Friend

11 Mar 2021 3 minute read 16 comments The Part Time Economist

If you are new to cryptocurrency, it can be hard to know where to start. Whom can you trust, and what websites can you turn to for trusted and valuable information? CoinGecko is a cryptocurrency website that offers many resources that can help whethe...

Easily Add New Tokens To MetaMask With CoinGecko

8 Feb 2021 1 minute read 16 comments The Part Time Economist

In the past, adding a custom token to MetaMask was a somewhat difficult process that involved manually adding a token by finding the token address and manually entering it into MetaMask. Although the process worked, it could be a bit difficult to fol...

How and Why to "Wrap" A Cryptocurrency

2 Feb 2021 3 minute read 12 comments The Part Time Economist

If you are new to cryptocurrency, you might be confused when you hear someone mention “wrapping” a crypto. In this post, I will explain what it means to “wrap” a cryptocurrency, why someone would wrap a crypto, and how it works. What is "Wrapping" ...

What is a 51% Attack?

28 Jan 2021 4 minute read 12 comments The Part Time Economist

What Is a 51% Attack One of the most well known blockchain attacks is the 51% attack. In a 51% attack, a malicious actor is able to control more than 50% of the hashing power and temporarily control the network for their benefit. Due to the way that...

Visualize Blockchains with a Bus Stop Analogy -

24 Jan 2021 1 minute read 28 comments The Part Time Economist

Understanding block times, mempool size, median fees, and pending transactions is key to understanding not only how blockchains work but for comparing and contrasting different chains. Unfortunately, this can be rather technical and sometimes a graph...