“If there is ever competition for the energy that the Bitcoin miners are buying, the miners turn off their machines, perhaps to turn them back

“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so), which

“Technologies of anonymous communication, anonymous currency, and reputation systems have been invented. They cannot be un-invented. These are all the ingredients needed to build a

“deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect products

“Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some people

“Money condenses energy. Bitcoin is the first and only tool we have for converting electric energy to monetary energy. Now what does this do to

“Their goals were to separate money from governments and corporations, check the growth of the global surveillance state, and preserve human rights in an increasingly

“In my lifetime I have seen many technologies emerge. The Internet. Pocket super computers. Digital music. And the old guard fought it, tried to capture

“only 13% of our planet’s population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other

“How does anyone censor something abstract and intangible; something that can consist of an arrangement of numbers and letters, and can be transported via any

“one of the main reasons for Bitcoin’s success is something that resonates with us as humans on a much deeper level: the primal elements of