Proof of Greater Fool

"A Peer-To-Peer Dimensionless Pseudo-currency Secured with Pure Proof-of-Greater-Fool" Most of us have been exposed to the dimensionless token in some way or another.  Many of us grew up with them being pushed on us in schools, as teachers taught us various shapes and sizes that these tokens being pushed locally could take.  "The dime is...

Fiat Feudalism - A Primer for Marxists

Karl Marx recently received acclaim as the most influential academic ever.  Of course these quantitative studies of academic influence are not really so worthwhile as claimed, being in some ways corruptible and generally not necessarily indicative of reputations on the ground.  However there is without question some truth to the strong influence Marx had on...

Public Coin

What is public coin? A public coin is any exchange commodity for which the total supply is public.  It is any money in which everybody knows how much there is.  Compare this to a "publicly traded company".  Such companies have a list of shares that is public, which makes the supply of shares public knowledge. ...

The fiat option

Imagine you have been offered a job, and you will be paid in shares.  An option is typically more complex than simply receiving the shares (it's an option to receive them), but for the sake of simplicity lets say you have been offered the shares straight up.  One hundred of them per month.  Lets say...