“The same is not true of the current monetary system. In the current structure, dollars can either be earned by delivering value to others within

“By manipulating price levels, the Fed isn’t just preventing smaller intermittent fires from naturally running their course while creating larger fires down the road. Instead,

Bringing back an old post for Hal’s Day. 6 years ago today we lost Hal Finney. This post was one of his last on the

“In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and

“We need to be able to disassociate from our identities to protect ourselves. We need the freedom to selectively reveal ourselves. We need the possibility

“ignorance or delusion is one of the three causes of our suffering (the other two are attach­ment and aversion). So when we are deluded about

Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it’s “hardness.” By

“While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big,

“The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of

“The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the