You would have been stupid to spend the bitcoins last year only if the value of having a motorcycle for a year was less than the accrued value of the bitcoins as they appreciated in value over that time. Because people…
Bitcoins are not simply prime numbers. They are account balances in a system that distributes the validation of account balances in such a way that is cryptographically secure, trustable, and decentralized. Provably…
Do any desirable economic conditions come out of a deflationary system? What I mean is, is there any economic outcome desired by any world view that is best served by continuous monetary deflation? If someone wanted the…
You would have been stupid to spend the bitcoins last year only if the value of having a motorcycle for a year was less than the accrued value of the bitcoins as they appreciated in value over that time. Because people…
Bitcoins are not simply prime numbers. They are account balances in a system that distributes the validation of account balances in such a way that is cryptographically secure, trustable, and decentralized. Provably…
Do any desirable economic conditions come out of a deflationary system? What I mean is, is there any economic outcome desired by any world view that is best served by continuous monetary deflation? If someone wanted the…