Economics
Bitcoin is a commodity
Ledger space in a sound, immutable ledger is a commodity. It has value. The trouble is that many think they [...]
Instant transactions
The “FUD” around Bitcoin is deep, but we shall start to clear it up. The truth is, most things in [...]
Valuing systems — the margin of substitute goods.
In order to value a cryptocurrency, we need to start with what it really is and what a substitute good [...]
Bitcoin Is for Business
The goal of Bitcoin is to be cash, but there is only one way to achieve this. Bitcoin must be [...]
Taking care of Business.
Going forward we will start to open up and allow business use of the Bitcoin blockchain. Bitcoin scales, and we [...]
Set in Stone
Bitcoin was designed from the start to be a form of stable money, that is: it has a set amount, [...]
Proof of State, or, the new Fed
The thing that few see is that we already have proof-of-stake (PoS). The US Federal Reserve is a prime example [...]
Problems and key questions around Bitcoin
The first problem to be addressed concerns the nature of lawful money. In the United States, the Stamp Payments Act [...]
nSequence and P2P exchange
In the beginning, Bitcoin allowed two parties to engage in a peer-to-peer trade and exchange that was P2P and then [...]
Bitcoin and the Long term
Government “stimulation” basically slows change. This takes funds from more productive sectors, and redirects it into less productive ones. It [...]
Payment intermediaries
What does Bitcoin do? To understand Bitcoin, it is necessary to understand what Bitcoin is designed to do, to be. Bitcoin [...]
The measure of Justice
Justice is simply the absence of injustice, injustice being the tangible force. Many seek to define justice on its own, [...]