bji

3 ms·

1. 1.▲
   by bji 15y ago

   You would have been stupid to spend the bitcoins last year only if the value of having a motorcycle for a year was less than the accrued value of the bitcoins as they appreciated in value over that time. Because people cannot predict the v
2. 2.▲
   by bji 15y ago

   Bitcoins are not simply prime numbers. They are account balances in a system that distributes the validation of account balances in such a way that is cryptographically secure, trustable, and decentralized. Provably correct, tamper-proof
3. 3.▲
   by bji 15y ago

   Do any desirable economic conditions come out of a deflationary system? What I mean is, is there any economic outcome desired by any world view that is best served by continuous monetary deflation? If someone wanted the social trend to be