A message from the future… from 2013. Just one of those memes that made its place in Bitcoin’s cultural history, we read the infamous Reddit post that laid out the bleak, Bitcoin-only future that lies ahead of us. Can we stop it, before its too late? Link to the OP: https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ Donate below if you…
Read MoreDoes money need some alternative utility? Is there an example of virtual money that could be hundreds of years old? Today we read about one of the most interesting analogies to the nature and value of Bitcoin in the piece, “The Island of Stone Money” by Milton Friedman. Made available by the Hoover institute and…
Read More“Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody’s side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party…
Read MoreAll the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it. The big question, can it do any of what it says, and what other projects does it…
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All the buzz is about FacebookCoin, I mean FacePalmCoin, I mean Libra today with the release of the testnet and Libra.org giving much sought after details on the new protocol and what they seek to accomplish with it. The big question, can it do any of what it says, and what other projects does it compete with really? We read numerous twitter posts, including a great thread by Caitlin Long, tweets from Andreas, details sourced by Jameson Lopp, and more in today’s Guy’s Take episode.
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“Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: i.e., irredeemable paper money.”
Continuing from yesterday’s episode with Part 2 of our journey through Hoppe’s amazing piece on the nature and origins of the fiat money system. Could such a system ever work in a competitive market, or are there extremely specific conditions and legal restrictions which make the contradiction of irredeemable paper money, temporarily sustainable? Listen to find out.
“How is Fiat Money Possible.” Don’t forget to check out the vast collection of knowledge at Mises.org for this work and many more like it.
Today we reach the conclusion of Hoppe’s incredible piece on the nature of fractional reserve banking and the contradictions of fiat money. With the final section, “From Deposit & Loan Banking to Fractional Reserve: The Devolution of Credit.” Plus a really fun discussion as a follow-up to the entire, 3 part work. “How is Fiat Money Possible.” There is no place like Mises.org. Don’t forget to check out the vast collection of knowledge and information made available for free over at the Mises Institute!
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“‘Break stuff’ in that context means ‘Kill People.’ The software simply must work every time, no compromise, no guesswork, no exceptions. There are no ‘do overs’ or roll-backs.”
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In a crazy conversation from last night’s meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I’ve discovered so far. Don’t miss this Guy’s Take episode all about the #Bcash 51% attack!
Read MoreThis one should not be skipped! There is a fascinating precedent set by case law and the long battles over PGP and US “munitions” laws, that gives us a rather clear conclusion on how Bitcoin should be treated by the US government. The short version? Bitcoin is speech, plain and simple, and should be…
Read MoreAt the recent Raleigh Bitcoin meetup we had an awesome discussion all about privacy and bitcoin, and the intertwined destinies of both. Hanging out with some drinks and talking all about Bitcoin, what could be better? Thanks to all the crew who helped out and participated! Be sure to check out: https://cryptoconomy.life/ The BitANN.io project…
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