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 Are "Layer 2 Solutions?" - Crypto Whiteboard 101

16 Dec 2020 2 minute read 15 comments The Part Time Economist

Sending value through cryptocurrency has many advantages. It is quite secure, permissionless, decentralized, etc. Despite these many advantages, sending cryptocurrency transactions can also be somewhat costly and time-consuming depending on the speci...

Bulls vs Bears - Crypto Whiteboard 101

30 Oct 2020 2 minute read 7 comments The Part Time Economist

As a new cryptocurrency investor, you are likely to hear the terms bull market and bear market. In this article, I'd like to provide a general overview of what bull markets and bear markets are, the differences between them, some typical trading stra...

What is a "Sat" ? - Crypto Whiteboard 101

27 Oct 2020 1 minute read 13 comments The Part Time Economist

What Is A Satoshi? "Stacking Sats" is a common phrase in the crypto community that refers to purchasing Bitcoin as a long term investment, but what is a "Sat"? A "Satoshi", or simply "Sat" is a unit of account that is equivalent to 1 / 100,000,000 Bi...

What is Bitcoin Dominance - Crypto Whiteboard 101

17 Oct 2020 2 minute read 1 comment The Part Time Economist

Bitcoin dominance is a frequently quoted statistic in the crypto world. In fact, CoinGeko lists BTC Dominance right beside ETH gas prices on its website banner which underscores the importance of the metric, but what is BTC dominance, and why does it...

What Is a "Whitepaper" - Crypto Whiteboard 101

13 Oct 2020 2 minute read 6 comments The Part Time Economist

Cryptocurrency has been described as the "Wild West" which means that although there are a lot of good projects out there, there are also a lot of duds out there. So, how is one to know what projects to support? Although it is not a definitive answer...

What Does Permission-less Mean - Crypto Whiteboard 101

4 Oct 2020 1 minute read 13 comments The Part Time Economist

When introducing cryptocurrency to people, my first instinct is to launch right into the spiel that "cryptocurrencies are a decentralized, peer to peer, permission-less, medium of digital exchange." Although I can usually catch myself before I scare...

CEXs, DEXs, and "On-Ramps" - Crypto Whiteboard 101

25 Sep 2020 2 minute read 6 comments The Part Time Economist

In and of itself, an exchange is nothing more than a mechanism through which different parties can trade one cryptocurrency for another. Although the concept itself is simple, acronyms such as CEX and DEX and terms like “on-ramp” might be confusing f...

What Are Governance Tokens - Crypto Whiteboard 101

23 Sep 2020 3 minute read 3 comments The Part Time Economist

The recent airdrop of the UNI token shows the growing popularity of DeFi governance tokens. In the past, it seemed like DeFi was an "advanced" level crypto topic, but the sudden expansion of DeFi protocols and governance tokens means that even novice...

Non-Fungible Tokens Explained - Crypto Whiteboard 101

15 Sep 2020 4 minute read 6 comments The Part Time Economist

I remember when I first started learning about cryptocurrency I was quite confused by the concept of a “non-fungible” token. Although the wording sounds fancy, the actual concept behind a non-fungible token is actually quite simple and straightforwar...

What is an "Airdrop" ? - Crypto Whiteboard 101

11 Sep 2020 3 minute read 6 comments The Part Time Economist

A cryptocurrency “airdrop” is a promotional tool in which crypto teams give users crypto in exchange for completing certain tasks. One of the most important lessons that my grandpa taught me is there is no such thing as a truly free lunch. Although u...