If I had a bitcoin for every time some pundit declared bitcoin is a bubble, I’d be a billionaire.
Explaining how to play baseball can be a bit tedious for the explainer and the explainee. Bitcoin and blockchain are like this also. It is complex, but, once you get past a few hurdles it all makes sense.
Just like in describing baseball much will also not be described. It isn’t essential to include a ‘how to’ of a curveball, so there are also many things I won’t include here, there are too many ‘how to’s’
There is also a philosophy within baseball, Yogi Berra spent a lifetime completing a small piece of that and Derek Jeter spent his career practicing that philosophy. we would get lost including a philosophy here, but, there is one.
I’ll keep cash and bury my gold
How can non-experts sort out what sizzle will fizzle and what sizzle will become dominant? The short answer is: we can’t. An experienced programmer who has actually worked on the bitcoin blockchain, Ethereum and Dash (to name three leading cryptocurrencies) would be well-placed to explain the trade-offs in each (and yes, there are always trade-offs), but precious few such qualified folks are available for unbiased commentary as tribalism has snared many developers into biases that are not always advertised upfront.
lot of data is now available to help us assess what demonetization has actually wrought. Here it is, in a word: Demonetization failed to do what it was supposed to do, and although the immediate disruption it caused was less severe than feared at first, the policy’s impact is turning out to be more protracted than initially expected.
The primary cryptocurrencies (bitcoin, Ethereum and Dash) have transparent rules for emitting currency.
Authored and published by Charles Hugh Smith
From the denarii to bitcoin and cryptocurrencies…
Monopoly is becoming digital and completely cashless. Paper money is replaced by a tiny ATM to keep track of every financial transaction.