Guy

Hayek’s ‘Use of Knowledge in Society’

The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants. It is specifically because we only receive the most important piece of information, its new value in relation to other things (the price), that we can so quickly align ourselves with the new state of the world…

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Bitcoin’s Security is Fine

Is Bitcoin’s security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees?

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The Magic Dust of Cryptography

Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants.

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Guystake_016 – Drama, Drama, Toxic Drama

Curious about all the #BitcoinTwitter buzz recently?  I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.   Too long; Didn’t Listen – • Don’t be a jerk. • We aren’t responsible for other people’s feelings. • If you have to choose…

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Drama, Drama, Toxic Drama

Curious about all the #BitcoinTwitter buzz recently?  I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.  

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CryptoQuikRead_253 – The Magic Dust of Cryptography [dergigi]

Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants. Don’t miss another read from @Dergigi on the absolute magic of cryptography and how it will utterly change everything we think we know about the world.  We are entering a new era of…

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GuysTake_015 – The Bcash 51% Attack

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%…

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CryptoQuikRead_252 – Bitcoin’s Security is Fine [Dan Held]

Is Bitcoin’s security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is #Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees?  Exploring the security of Bitcoin in the next economic era, with Dan Held‘s amazing piece, “Bitcoin’s Security…

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CryptoQuikRead_251 – Use of Knowledge in Society [Part 2 – F. A. Hayek]

The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants.  It is specifically because we only receive the most…

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Use of Knowledge in Society – Part 2

The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants.  It is specifically because we only receive the most important piece of information, its new value in relation to other things (the price), that we can so quickly align ourselves with the new state of the world.  Don’t miss the conclusion of Hayek‘s work, “The Use of Knowledge in Society.”

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