Tag: incentives

Jun 10 2022

Bitcoin’s Energy Use is a Feature Not a Bug

Bitcoin incentivizes energy innovations whereas proof-of-stake results in exacerbated inequality since the more money you have, the more money you get.Mickey Koss is a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.In a...

May 18 2022

Pizza Day, A Day Of Regret And Fantasy

As we enter the Bitcoin holiday weekend, it’s a good time to reflect on the incentives that lead us to celebrate Pizza Day.Pizza Day is a day of regret.We all know the story. Laszlo Hanyecz buys two Papa John's pizzas and some lucky guy got 10,000 BTC on this day 12 years ago. The story is like that of Peter Minuit...

Dec 21 2021

How Bitcoin’s Sound Incentives Drive A Sound World

Dec 21 2021 Published at Bitcoin Magazine under tags  culture ideas incentives sound money

Why is bitcoin the superlative choice of money for aligning the incentives of the world to the greatest benefit?Clearing one’s mind and gazing into the machinery of the economic world, one is left with little besides absolute awe.Humanity’s inventions and their subsequent compounding throughout the years have manufactured a world of great abundance - one which would be close to unrecognizable...

Dec 01 2021

The Invisible Incentives Of Bitcoin

When examining why people acquire bitcoin, we find different incentives, more based on preservation of the network than “getting rich.”What incentives does Bitcoin offer? Money accumulation, or is there any greater purpose and incentive for miners securing the network? Mining is a most important process of the Bitcoin network, yet relatively few actually understand it.I recently had the pleasure of...

Sep 24 2021

Bitcoin Will Truly Drain The Swamp

The often-quoted phrase could actually mean something if the incentives behind politics change.“Same Same, But Different Same”While Trump recently popularized the “drain the swamp” phrase, his execution and point-of-view were flawed. Politicians in the United States have been viewed in a negative lens for at least the last few decades. The problem is that our people have become so desensitized to...

Aug 20 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 6, Part 2: Unsound Money)

What does living under an unsound money regime looks like? Just look around. You open the book to learn about Bitcoin, and you end up understanding how the whole world works. Such is the magic of “The Bitcoin Standard” by Saifedean Ammous. In our last Book Club meeting, we learned about...

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