“Hudson’s thesis was that America had forced other countries to pay for its wars regardless of whether they wanted to or not. Like a tribute system, but enforced without military occupation. “This was,” he writes,

“The passage of time is one thing that we can never get back. Once it has been spent, there’s no refund. Time is the ultimate currency, forever passing without the ability to return to a

“I wish people engineered things to be self-replicating, self adjusting, self-governing, and ever-lasting. But nobody has engineered anything to do even one of these, and then along comes Bitcoin and does them all” – Tomer

“We’re revolutionaries. There’s no reason to be coy about it. Our goal is to replace fiat with bitcoin. “Disruption” is almost a quaint term for a change of the magnitude we’re bringing about. We’re taking

“Freedom, transparency, honesty, meritocracy, fairness, voluntaryism and hard work are great things one should strive toward, whether it is in developing money or living life and setting a good example for others.”
– Hass

“It is understandably difficult for most of us to imagine a monetary world aside from the one in which we’ve lived for generations. After all, the U.S. dollar has served as the world’s leading reserve

“The fight that the cypherpunks mounted was one of the main reasons that the U.S. government lost the Crypto Wars. The authorities tried to stop the code and failed.
This realization would loom large

“The precise magnitude and schedule for the westward move is currently unknown, but all signals seem to be indicating the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial

“Wake up people, this is not a drill. Contagion risks are increasing due to potential global stagflation… The intrinsic value of BTC has increased from the beginning of this year when I originally calculated the

“Using Bitcoin can level the playing field for the world’s poor as we work toward economic justice.”
– Bradley Rettler

Author Bradley Rettler returns in today’s read with a concise piece on the nature

“Not only is the world experiencing greater dispersion of outcomes, it is also changing at an increasingly faster pace. Raw data is pouring torrentially down upon us, overwhelming our neural capacity more each day. We

“The individual investor is professionalizing at the end of one of the biggest, most Homeric blow-out parties of all time. Forgive the cliched baseball metaphor, but this is like a player being called up from

“The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by

“As Gall’s Law suggests, we believe the general principle favoring Bitcoin’s layered architecture is not one of software engineering so much as engineering entirely in general, yet as elegantly applied to software.” – Only the

“Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly observing that there does seem to be a lot of “financial”

“The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to calibrate incentives than it has to do with computation. Computation is

“Sandwiched between Guatemala and Honduras, El Salvador — the smallest and most densely populated country in Central America, with an average GDP per capita of around $3,500 — is a most unlikely ground zero for

“Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates