Blog

CyberBusiness

This: “Then there’s ‘cyberbusiness’. We’re promised instant catalog shopping—just point and click for great deals. We’ll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obsolete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if […]

November 18, 2021

Blog

Backing Bitcoin

What is bitcoin backed by? The currency is backed by a public ledger, called the blockchain, which specifies which bitcoins are in which account and identifies everyone’s holdings. The blockchain is in turn backed by decentralized replication, consensus, advanced cryptography and a network with the most computing power of any network in history. Each coin […]

November 18, 2021

Blog

Dominoes

“The final domino to fall, of course, is the power which governments wield over their flock via their ability to print, regulate, and control the nation’s money. When a state currency is challenged, the state itself is challenged, and market forces move swiftly around sickly, depreciating inhibitors. The press conferences of someone like Bernanke would […]

November 18, 2021
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