Today we grab a section out of one of the many incredible works by Murray N. Rothbard to discuss the idea of marginal utility and why money must be a good, and actually is not a unit of measure. As value can only be measured as relational to another good, money follows the same law of diminishing marginal utility.
Read MoreThe full audio version of “The Case for Electronic Cash” by Jerry Brito. Abstract Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that…
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The full audio version of “The Case for Electronic Cash” by Jerry Brito.
Abstract
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
Read MoreLightning is complicated, difficult to use, sometimes doesn’t work properly, requires a lot of learning and experimentation, and is still a risky place to hold Bitcoin funds. Doesn’t this make it a protocol destined to obscurity and disuse? Doesn’t it mean that better, simpler options will simply replace it, and Bitcoin is to fail from…
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Lightning is complicated, difficult to use, sometimes doesn’t work properly, requires a lot of learning and experimentation, and is still a risky place to hold Bitcoin funds. Doesn’t this make it a protocol destined to obscurity and disuse? Doesn’t it mean that better, simpler options will simply replace it, and Bitcoin is to fail from its extensive limitations? Find out all the ways I find Lightning *doesn’t* do its job well, & what I think it means for the future in today’s Guy’s Take episode!
Read MoreEven with #Bitcoin, are we destined for a future with intermediated payments? Will that give us a different color of the same system we’re stuck with today, or will Bitcoin still prove to be a revolution in financial trust? Lets dig deeper into the objections to Bitcoin Banks in Part 2 of @nic__carter’s “How to…
Read More“I believe that institutional scaling presents an under-appreciated scaling vector, and it is quite possible to employ it without significantly compromising Bitcoin’s assurances.” Don’t miss today’s article, another fantastic read by Nic Carter (@nic__carter), on the Finneyan view of scaling Bitcoin for its highest value proposition; creating a settlement network with the potential of correcting…
Read MoreToday we go through a recent blog post by Jameson Lopp and the Casa team that goes into the clever, meticulous design used to ensure the security and recoverability of the mobile key for their Keymaster app. Don’t forget to check out the Casa blog to see the other exciting announcements and ongoing developments from…
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Today we go through a recent blog post by Jameson Lopp and the Casa team that goes into the clever, meticulous design used to ensure the security and recoverability of the mobile key for their Keymaster app.
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Building on the principles discussed in our exploration of the consequences of a society without cash, we apply it to a broader principle of how the power to exit acts as a check on abuse and centralization. And who better to cover this topic with, than Nick Szabo? Today we read and discuss Szabo’s blog post from 2007 titled, Exit and Freedom.
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