
Read_515 – Utopian Dystopias [Alek Svetski]
“Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the
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“Bitcoin is the alpha-omega of private property and voluntary exchange. It lowers the cost of defence whilst increasing the cost of attack. As such it is the central tool in helping us get beyond the

“The whole idea of Bitcoin is to remove intermediaries from the equation. Trusted third parties are security holes, and unless we want to repeat past mistakes, it is our collective responsibility to eliminate these security

“…And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say,

“When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives

“The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks

“Bitcoin is not taking gas from your car or electricity from your house, it is making power production more efficient, utilizing otherwise “stranded” energy sources and helping to fund the development of renewable energy technologies.”

“Bitcoin is a unique digital asset for an increasingly digital world that requires digging deeper than the surface level to understand its core properties and trade-offs.” – Ria Bhutoria
Fidelity writes another great piece this

“To state it plainly: Bitcoin is a momentous monetary innovation enabling a new mode of non-nation-state human organization, a “purified” form of capitalism free of nation-state interference and deserving of its own neologism. Let us

“We can already observe some faint light at the end of the tunnel. Savings have been reintroduced into the hands of society. You can save money and the State is unable to influence your funds

“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of

“As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world.” –

“We are not going to wait for the future – we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen.”<br

“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify the order of things. A centralized party was required to keep

“As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce

“The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense.” – Allen Farrington

“The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and text, video and audio. It doesn’t have a list of approved

“If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire

“So far, it seems that when governments try to ban or restrict Bitcoin, it ends up merely accelerating the adoption of the currency inside their countries. Governments that have failed miserably with their Wars on
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