Bitcoin Is The Successor To Violence
Bitcoin completely negates the need for violence by incentivizing trade and peaceful cooperation. Image source I would like to lay out a few of Bitcoin’s operational processes. I know… many of you are very intelligent and grasp Bitcoin well, but there’s a recent upheaval in the core philosophy of Bitcoin. So, if I may, let’s revisit how Bitcoin does what Bitcoin is good at.Firstly, there are the miners. The much-sought-after laborers of the Bitcoin network. Toiling away, independently seeking that magic hash that will yield the block reward with their many trillions of guesses per second.....
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By preserving the sound reciprocity of money, Bitcoin can enable our society to avoid the violence and scapegoating that has plagued it.
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City A. M., London's first free daily business newspaper, reports that a study by researchers at the University of Manchester and the University of Montreal concluded that Silk Road prevented violence associated with the illegal drug trade and represented a breakthrough in criminal innovation. The study is open access and can be downloaded from the Social Science Research Network. The researchers found that many (between 31% and 45%) drug-related transactions on Silk Road were not business-to-consumer (B2C) but business-to-business (B2B), in other words, transactions between drug dealers.....
CoinTelegraph: You’ve been self-employed as a cryptographic economist and computer scientist since 2012. Can you share some of the things you’ve been working on? Blake Anderson: When I began working with Bitcoin, I spent much of my time going over why it had value and where the incentive system would eventually lead. I remember specifically telling one of my venture capitalists connections early on that if BTC were to replace 10% of FOREX trade as the medium of exchange it would equate to a price of well over 1 million USD per BTC. I did everything I could to get people exposure to a....