. . .

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”.

Thế rồi Iửâ với rơm gần nhau cháy ngùn ngụt
Tuesday September 08, 2020

Đi hủy dịc‌h vụ đɨện thoại hàng chục lần không được, thanh niên cưới luôn em tư vấn viên xinh đẹp. Ăn Chơi. Tuổi Trẻ Cộng Đồng. Nguồn: baoanh : 09/09/20 10:32am. bình luận Bài đăng được bạn của thanh niên chia sẻ trên fanpage của Facebook nhận được rất nhiều bình luận và chia […]

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Full article here.

Liên hệ: 0896.118.060 gặp Khánh
Monday September 07, 2020

BánHồ Chí MinhPhú NhuậnBán đất tại đường Nguyễn Trọng Tuyển Cần bán gấp 2 lô đất 75m2 mặt tiền Nguyễn Trọng Tuyển cách Phan Đình Phùng 200m, có sổ hồng riêng. Đường Nguyễn Trọng Tuyển, Phường 15, Phú Nhuận, Hồ Chí Minh 2.8 tỷ. 75 m². Chuyển nhượng 2 lô đất thổ cư 75m2 nằm […]

The post Liên hệ: 0896.118.060 gặp Khánh 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.