Prices and the market are intricately intertwined
“In a free market economic system, prices are knowledge, and the signals that communicate information. Prices are not simply a tool to allow capitalists to profit; they are the information system of economic production, communicating knowledge across the world and coordinating the complex processes of production.”
— Saifedean Ammous
Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric…
Bitcoin Minimalism is a lifestyle that helps people question what things add value to their lives. An article by Conner Brown and myself, with other Bitcoiners providing input.
Bitcoin reduces your time preference and enables you to look long-term at saving and investing. It’s not about consuming, it’s about saving and investing that makes our world a great place.
By consuming less, you allow others to access good and services more cheaply currently. …
A message from the Interchange co-founders
Today we have an exciting announcement from the Interchange team: we have been acquired by Kraken! We couldn’t be more thrilled to be joining one of the largest and most successful cryptocurrency exchanges in the world.
With Interchange, we set out to build best-in-class tools for institutional traders. Teaming up with Kraken enables Interchange to be the world’s first end-to-end crypto trading and reconciliation platform which is what we dreamed of doing.
This comes on the heels of two other acquisitions for Kraken in 2019. In early July, Kraken acquired Cryptofinance.ai, a…
Published Block: 576165
TL;DR — This article comprehensively addresses concerns around Bitcoin’s security model which is funded by the block subsidy and transaction fees. Key points:
In 1935, scientists wrote an article called “The EPR Paradox” which described the strange situation of quantum superpositions, in which systems can exist in multiple states corresponding to different outcomes simultaneously. In effect, the paper argued that there wasn’t only one but in fact multiple “true”…
I wrote this series, “Planting Bitcoin”, to paint the origin story of Bitcoin leading up to the 10 year anniversary (10/31/2018). I felt that this story hadn’t been told in a comprehensive and easy to read manner. I’d like to thank Jill Carlson for incepting this idea on the road trip back from Tahoe in early 2018.
Bitcoin’s origin is akin to planting a tree. It wasn’t just Satoshi’s selection of the species (code), but the season (timing), soil (distribution), and gardening (community) that were essential to its success. It had to grow to be strong, mighty, and huge. It…
In my last article, “Soil,” I covered the Cypherpunks or the “Soil” in which he planted the Bitcoin seed giving it the best chance for survival.
Satoshi’s design of Bitcoin’s genetic code made it the best species of money ever created, he waited for exactly the right moment to plant the seed, and had planted it in the most fertile soil. Now it was time to nurture Bitcoin’s development.
In my last article, “Season,” I covered the precise moment in which Satoshi planted Bitcoin, the 2008 Financial Crisis. In this article, I cover the Cypherpunks or the “Soil” in which he planted the Bitcoin seed giving it the best chance for survival.
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” — Satoshi Nakamoto
In my last article, “Species,” I covered why Satoshi’s design of Bitcoin’s genetic code made it the best species of money ever created.