The trees, and public coins, are something that all people need.
For millennia, people have struggled with a certain aspect of exchange commodities (a.k.a. money). Certainly, exchange commodities have been an important part of what makes civilization today. They enable trade and via price discovery help organize human behavior. However, the supply of these exchange commodities or monetary units has never been regulated, something which has...
Mea Culpa: This article contains unnecessarily high amounts of parody and sarcasm - the editor. You've probably heard that bitcoin and public coin (coins with publicly verifiable money supplies) are politically neutral, or even that they are favored by libertarians. Well it's time you learned the truth. By the time you finish with this post...
When many people first encountered bitcoin in the early days, the response was something akin to disbelief. The proof of work algorithm appears haphazard, and it's not obvious at all that it creates a stable system. Could something like this really work? It seemed somehow impossible (and there were academic papers that supposedly proved it...
Just go read something new today please: http://hilarykoobsassen.com/Surmounting%20use-revenue%20dependency.pdf http://hilarykoobsassen.com/
Not that much has changed apparently over the last year or so. However of all the shit on this blog, these analyses have been perhaps those which are the least a waste of your time, so here's another one. We will consider two commercial miners, which have improved in efficiency a bit: Bitmain Antminer T17...
Well we previously phrased this as "the problem bitcoin solves", so hopefully we have improved somewhat on our accuracy. You be the judge. One of the reasons people are a little slow to understand the fuss over bitcoin and blockchain is that they are unaware that they are living in a fiat empire and unaware...
Thesis: For the simple reason of security against counterfeiting and hidden debasement or issuance fraud, it is necessary to use a public architecture in any token or currency system. There is no reason not to use a public coin other than to allow corruption and secretive enrichment of a few at the expense of the...
Hello everyone! If you're heard of fiat money, you've probably also heard that fiat money is created as debt. New fiat money is issued (created) and somebody is now in debt, this means there will always be more debt and never enough to pay back the interest, the interest rates paid on new currency are...