Economics
The lie of anarchy
The lie of anarchy and the true value in Bitcoin Many have thought that Bitcoin was in some manner designed to
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