Miners secure Bitcoin and produce new blocks, but they don't control the protocol. Here's exactly what miners can and can't do — and what the 2017 Blocksize War proved about where power actually sits.
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Crypto Research
Is Crypto a Ponzi Scheme?
The Ponzi claim is made by serious people, not just skeptics. Whether it's accurate depends entirely on which crypto you mean — some projects were literal Ponzis, the major protocols are not.
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Crypto Research
Can Bitcoin Be Copied?
Bitcoin's code has been forked hundreds of times. Bitcoin Cash launched with the same transaction history and still trades at 0.5% of BTC's price. Here's what copying the code does — and doesn't — transfer.
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Crypto Research
Is Ethereum a Security?
No U.S. court has classified Ethereum as a security. The SEC's approval of spot ETH ETFs in 2024 implies commodity treatment — but the Howey Test question remains legally unresolved.
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Crypto Research
Are Stablecoins Actually Stable?
Not all stablecoins are equally stable. Here's how fiat-backed, crypto-collateralized, and algorithmic stablecoins actually maintain their pegs — and when they don't.
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Crypto Research
Is Bitcoin Bad for the Environment?
Bitcoin uses 100–150 TWh annually. Whether that's 'bad for the environment' depends on what energy sources power that consumption, what the counterfactual use of that energy is, and what it's being compared against.
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Crypto Research
Can the Government Ban Crypto?
Most crypto bans are access restrictions, not protocol shutdowns. China banned exchanges and mining — Bitcoin kept running. Here's where government authority actually reaches, and where it doesn't.
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Crypto Research
Is DeFi Safe?
DeFi safety isn't one question — it's four. Smart contract risk, oracle manipulation, governance attacks, and user error each operate differently. Here's how the risk categories actually work.
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Crypto Research
Are NFTs Just JPEGs?
NFTs don't store the image on-chain — they store a pointer to it. What you own is a blockchain record. Whether that record is worth anything depends entirely on what it's connected to.
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Crypto Research
Do You Need a Whole Bitcoin to Invest?
Bitcoin is divisible to eight decimal places — the smallest unit is a satoshi, equal to 0.00000001 BTC. The 'whole bitcoin' entry requirement is a display convention, not a protocol rule. Here's how the divisibility mechanism actually works.
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Crypto Research
Is Crypto Just a Speculative Bubble?
The bubble question bundles two separate claims: whether speculative excess has occurred in crypto (yes, demonstrably) and whether the entire asset class has no underlying basis (not obviously). Here is how to separate them.
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Crypto Research
Does Proof of Stake Make the Rich Richer?
Proof of stake yields are proportional but flat-rate — the same percentage for every validator. The real concentration risk isn't in returns, it's in governance and MEV.
