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The best complicated explanation of Bitcoin’s value prop that I’ve read to date

Bitcoins are valuable because they are the irreplaceable, scarce incentive token that serve as the glue to a distributed, novel, triple-entry accounting scheme that disintermediates money + accounting + third party verification by combining them into a single, software-based product. Demand exists to use this software because it offers absolute assurance in accounting for value transfer / storage, which is a proposition that no other accounting system on the planet is capable of offering. Bitcoin’s accounting scheme is also unique in that it possesses the properties that enable intense utility-based assurances for users such as censorship resistance and asset seizure resistance. These very features make bitcoins a popular value storage vehicle for “aggressive uses and users”, who also have the benefit of easier access to it as a result of its digital + open build. The combination of accounting + utility based assurances + digital / open build makes bitcoins an ideal tool for protection against the current monetary regime, and ultimately a quality candidate for a market-selected “sound money”.

Jordan March. Toyota dominates a market up 10.4%
Sunday May 19, 2019

Jordanian Auto Sales in March surged 10.4% with 2.850 units sold. Toyota held the throne, doubling its sales, and widening the gap from Hyundai. Kia kept crumbling (-65.4%) while outstanding performances were registered by Isuzu, Honda and Suzuki.The post Jordan March. Toyota dominates a market up 10.4% appeared first on https://focus2move.com.

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Full article here.

Notes from Neil Gaiman’s Masterclass on fiction writing: “The best short stories are the last chapter of a novel I didn’t write”
Tuesday April 23, 2019

If you haven’t read @neilhimself, start with The Graveyard Book (Newbery, Carnegie winner). An incredible story and a singular storyteller. Here are my edited notes from his Masterclass: For story ideas, you can take fairy tales but flip the perspective: eg, from her Stepmother’s perspective, Snow White could be a villain, a vampire princess, with […]

The post Notes from Neil Gaiman’s Masterclass on fiction writing: “The best short stories are the last chapter of a novel I didn’t write” appeared first on Celadon Saigon.

PS I’m halfway through Saifedean’s The Bitcoin Standard. While the book could – like most analytical non-fiction – be compressed into 20 punchy pages, it’s a great addition to the debate and literature.

Hi! I write about habits and spirituality and random whatevers. Click here to see the daily habits that I track. Find me on Twitter @kgao.