The trees, and public coins, are something that all people need.
Over the years in this forum we've looked at things people get wrong about bitcoin. The trouble is one that is present in any field, that of the quick formation of memes and soundbites which are immediately grabbed onto by our feeble minds and repeated regardless of their applicability or accuracy. In this case we...
I've always been a big fan of Rick Falkvinge's work. His attendance at the Prague bitcoin conference in 2011 is part of what made me attend. And everybody who has thought about the issue knows he is dead right about so-called intellectual property law and how it is a lead weight tied to the leg...
Five years ago in May of 2013 Charlie Munger quipped when asked about bitcoin that "I think it's rat poison". You might be surprised to hear me say it but we should listen carefully to Charlie Munger et al., and that indeed there are a few ways that bitcoin is rat poison. So it's been...
It hardly seems noteworthy I know, you are disappointed already that I might have even noticed that this story had risen in media outlets. The story is that Jeff Bezos of Amazon has 150 billion dollars worth of stock. In the linked article Annie Lowry does a good job of giving respects, pointing out that...
What is the problem that cryptocurrencies solve? ..asks the noted economist and New York Times columnist Paul Krugman [link]. We have addressed this question before in this forum. The question today is how somebody could be a serious scholar of economics, or even open ones eyes in any populated area of the planet, and...
This post is part of the "stuff we thought was dead obvious" series. The series includes "How racists are dumb", and "How rapists are despicable morons" and "Shooting yourself can be dangerous" along with the classics "water is wet" and "the Earth is an oblate spheroid". Five or ten years ago I would not have...
Lets take a moment to remember that the great advantage to a public coin is that the monetary policy is public. This means we don't have to take somebody's word for how much currency is being issued and at what rate, but we can verify it ourselves. The idea is that this can help eliminate...
Hello everyone! Today's post is mostly about the psychology that might lead one to such a broken conclusion. The concept that every object has a use value and an exchange value was described and expanded upon by various philosophers like Aristotle, later Adam Smith and Karl Marx, and so many others who seem to have...
"The greatness of a nation and its moral progress can be judged by the way its [trees] are treated." -- Mahatma Gandhi
Something worth saying is worth repeating. A quick read through the bitcoin obituaries shows that this is a difficulty in proceeding. For example we have a piece by Kai Stinchcombe here in which he claims: There is no single person in existence who had a problem they wanted to solve, discovered that an available blockchain solution...