value that is, it would be worth owning from a financial perspective, even if you could never sell. Heres a great description of the whole scene by Chain CEO Adam Ludwin. It needs to expand with the supply of goods and services in the world, otherwise we end up with deflation and hoarding. You might also like: welcome new readers Take a look around. If you think you are hardcore enough to handle Maximum Mustache, feel free to start at the first article and read your way up to the present using the links at the bottom of each article. Also, a currency should not be artificially sparse. Some of my conversations with him inspired the research in this article.
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As the legend goes, an anonymous developer published this whitepaper in 2008 under the fake name Satoshi Nakamoto. These are preposterous numbers. Do you practice illegal tax evasion as your primary wealth strategy? But at least 98 of MMM readers do not live in countries where this is an issue. Its only valuable when you cash it out to a real currency again, like the US dollar, and use it to buy something useful like a nice house or a business. Shut up, just send me 100 via PayPal and Ill send you a bag of my fingernail clippings. There are no financial instruments that will protect you from a world where we no longer trust each other. Blockchain is just a computer protocol, which allows two people (or machines) to do transactions even if they dont trust each other or the network between them.