Explained in 5 Minutes: Bitcoin

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The layman’s guide to Bitcoin and the Blockchain The one thing that makes economics hard to understand is that there is no such thing as money. Money is just an item for trade — valuable paper, or a valuable transaction. Nothing actually has a fixed or defined concrete value. Value is a...

Bitcoin Governance

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Why do we care? Bitcoin’s governance matters because Bitcoin is the first successful, most liquid, and most widely known crypto-currency. In the words of Michael Goldstein, “Sound money is a foundational pillar of civilization, and Bitcoin restores this powerful tool for social coordination.” If Bitcoin’s governance model is flawed, it...

The Five Rules of Blockchain

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The first rule of blockchain is: You do not talk about the blockchain The first rule actually is: “Don’t talk about “the” blockchain, unless you mean the bitcoin blockchain,” but I shortened it for the Fight Club reference. “The blockchain”, as a term, is being used in the same meaningless...