“Despite unprecedented fiscal and monetary intervention after the financial crisis, results have been disappointing. The American people do not need accounting tricks or more debt, but true innovation. Thankfully, Bitcoin provides a way forward.” – Conner Brown
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“It is axiomatic that printing money (or creating digital dollars) does nothing to generate economic activity; it only shifts the balance of powers as to who allocates the money and prices risk. It strips power from the people and centralizes it to the government.” – Parker Lewis
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“authority, not truth makes legitimacy… it is truth, not authority that makes legitimacy with Bitcoin.” – Erik Cason
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“The world’s national currencies will offer Bitcoin only a sputtering resistance — more in word than deed — and they’ll dwindle into irrelevance as their defenders fail to defend, their battlements go unmanned, and the central banks’ centers will not hold.” – Jesse Lawler
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“By design, Bitcoin exists beyond governments. […] The architecture of bitcoin is practically purpose-built to resist and immunize any attempts by governments to ban it.” – @parkeralewis
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Merchants are scammers, Keynesians are scammers, altcoins are scammers, Bitcoin “investments” are scammers, scammers are scammers, and even Bitcoin hoarders are scammers. Everyone’s a scammer.
… And one of the greatest natural subsidies for renewable energy we could’ve asked for.
Today we hit a piece by Daniel Wingen. A thorough breakdown of the essence of mining, the necessity of its energy expenditure, the incentives for efficiency and renewable sources, and the unbelievable cost that is being rescued from wasteful alternatives. Not only is Bitcoin’s energy consumption not a problem, it could be exactly what we need for a brighter future.
Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. An impenetrable fortress of validation.
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Continuing the wonderfully fascinating piece from yesterday’s episode, all about the dynamics & game theory at play in a hash war between Mars’ Muskcoin, and Earth’s Bitcoin; as well as the gold rush to colonize the galaxy and establish a new blockchain (or timechain), outside the pull of Earth’s center of hash.
Reading Part 2 of Dhruv Bansal’s “Bitcoin Astronomy”
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Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal’s wonderful piece, “Bitcoin Astronomy!” The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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