The Unbiased Coin's reason of existence

Staying unbiased in an ecosystem full of extremes

If you're reading this, you're probably wondering what the hell I'm doing with crypto.

Most of you know me for my educational posts from the intersection of math and machine learning, but that's only one slice of who I am. I have a lot of interests — for example, I love gardening. Especially growing chili peppers. However, that's not what this new newsletter is about.

I became interested in crypto around 2020, during a time when we were rushing toward the collapse of crypto markets at the speed of light. It wasn’t about easy money for me (it never is), but the technology: Bitcoin shook the world to its core by building the first secure decentralized digital currency.

However, decentralization and deregulation are double-edged swords, and Bitcoin brought a digital Wild West.

I won’t lie — crypto has a bad reputation. Scammers, thieves, and celebrities willing to do anything for money block the signal. There are a hundred scams for every valuable crypto project, and cutting through all that noise was hard for me, too.

I began understanding its essence when I was invited to an NFT project.

What a bunch of bullshit, I thought.

As always, I was incredibly skeptical. Yet, curiosity drove me, and I quickly jumped down the rabbit hole.

I remember the exact moment when blockchain technology finally made sense to me. Not long after venturing into the rabbit hole, I came across the paper that introduced Bitcoin. By the time I finished that short, mere eight-page document, I understood that blockchain is a brilliant construction with limitless potential.

Bitcoin is the first secure, global currency that is controlled by its users — not the banks, not the government, but you and me, holding Bitcoin assets.

Living in a Central European country with authoritarian tendencies (an "illiberal democracy", as our "Supreme Leader" puts it), I immediately recognized the significance of this.

Think about the People’s Republic of China, where being on the wrong side of the social credit system means that you can't even buy a bus ticket with "your money."

Think about Africa, where hundreds of millions are excluded from the global economy because banks don’t find it profitable to serve them.

Think about Venezuela, where the hyper-inflating money lost 90% of its value every couple of months. (Granted, this also happens in crypto.)

Think about the United States, where 80% of wealth is concentrated in the hands of the wealthiest 20%, and a handful of Wall Street bros crash the entire global economy to shit every few years. (Granted, this also happens in crypto.)

I’m convinced that blockchain technology holds incredible potential.

I also convinced that the current digital Wild West will evolve into a digital Silicon Valley.

I started this publication to amplify the signal, not the noise. I want to talk about technology and markets, not give investment advice or promise “fantastic opportunities” to get rich quickly.

The balance of skepticism and an open mind is essential. As the name of this publication suggests, I strive to eliminate the bias.

If you aim for that balance too, welcome — I’m glad to have you here!