. . .

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”.

Benin. Light vehicle sales down 36.3% Year to Date in August 2020, Toyota undiscussed leader
Thursday September 24, 2020

Benin vehicles market in 2020 reports a moderate drop as the pandemic influences sales. Indeed, 327 units were sold Year To Date until August, losing 36.3% compared to last year. Toyota maintains the discussed leadership while reporting the best top 10 hold, despite losing 17.6%. Economic Environment Benin’s free-market economy has grown consecutively for four […]

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Full article here.

Sweden best selling cars. The Top in the 2020
Tuesday September 22, 2020

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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.