Bitcoin News
By Steven Anderson
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A look back in to the Bitcoin ideals on maximalism by Robert Breedlove: Bitcoin maximalism—an ideology ostensibly premised on freedom, truth, and self-sovereignty—was having an…
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In a free market, people naturally and rationally choose to store their wealth in the monetary technology which is hardest to inflate (by mining, printing, counterfeiting, etc.)
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Throughout history, money has evolved many times – it has taken the form of seashells, salt, cattle, stones, precious metals and most recently government paper.
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Monetary technologies are always in competition with one another and undergo market-driven natural selection which gives rise to new forms of money and leads old forms to…
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Monetary evolution, a market-driven technology selection process, is somewhat similar to the evolutionary process we see in telecommunications technologies.
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No matter what technology is used to accomplish it, the purpose of telecommunications remains the same: to communicate information across space and time.
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As newer monetary technologies are invented that provide higher hardness, divisibility, portability, durability or recognizability – they become the dominant method of…
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Hardness is the difficulty to produce an incremental unit of the monetary instrument (ie. the energy expenditure necessary to mine an ounce of gold or produce a US dollar, for…
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Each time an additional monetary unit is created, the other monetary units become less scarce and lose purchasing power, an effect commonly called inflation (the inverse of the…
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