Guy

Accepting Scarcity, A Bitcoin Meditation

“ignorance or delusion is one of the three causes of our suffering (the other two are attach­ment and aversion). So when we are deluded about reality, we perpet­uate suffering. When we are aware of reality as it is, we avoid suffering.” – Reed Wommack

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Read_430 – Accepting Scarcity, A Bitcoin Meditation [Reed Wommack]

“ignorance or delusion is one of the three causes of our suffering (the other two are attach­ment and aversion). So when we are deluded about reality, we perpet­uate suffering. When we are aware of reality as it is, we avoid suffering.” – Reed Wommack We read a piece today from the Swan Bitcoin blog that explores…

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Discovering Bitcoin Part 5 – Digital Scarcity

Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it’s “hardness.” By what means can we get it back? Can we make a scarce money in the digital world, that has no authority, no ruler? Can we restore the freedom of decentralized money? Find out about the brilliant use of difficult puzzles, to achieve digital hardness, in part #5 of Giacomo’s excellent series, “Digital Scarcity.”

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Read_429 – Discovering Bitcoin #5 – Digital Scarcity [Giacomo Zucco]

Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it’s “hardness.” By what means can we get it back? Can we make a scarce money in the digital world, that has no authority, no ruler? Can we restore the freedom of decentralized…

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Guy’s Take – The Dominoes are Falling

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value.” – Michael Saylor

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Guy’s Take – The Dominoes are Falling [#30]

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value.” – Michael Saylor These are the words of the CEO of MicroStrategy, an enterprise analytics firm…

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Discovering Bitcoin Part 4 – A Wrong Turn & A New Plan

“While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of.” – Giacomo Zucco

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Read_428 – Discovering Bitcoin #4 – A Wrong Turn & A New Plan [Giacomo Zucco]

“While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of.” – Giacomo Zucco Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of…

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Read_428 – Discovering Bitcoin #4 – A Wrong Turn & A New Plan [Giacomo Zucco]

“While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of.” – Giacomo Zucco

Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of years of monetary history and evolution all the way to The Lightning Network. Today’s part is “A Wrong Turn,” breaking down the process of innovating money to solve the “scaleness” problem, that ended up putting at huge risk of control and corruption, the “hardness” and “darkness” of our money. Into the age of full virtualization, what could possibly solve this? Do we need a New Plan?

Check out the previous parts if you haven’t!
Part 1 – About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422—Discovering-Bitcoin—From-Cavemen-to-Lightning–Part-1-Giacomo-Zucco-ehdkrb
Part 2 – About People: https://anchor.fm/thecryptoconomy/episodes/Read_424—Discovering-Bitcoin-2—About-People-Giacomo-Zucco-ehgquv
PArt 3 – Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426—Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre

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The Lightning Paradox

“The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it.” – Alex B.

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