"Banks are highly regulated public-private partnerships in an environment where new charters are excruciatingly hard to obtain, and as such remain de facto arms...
"Bitcoin’s supply schedule cannot change, because Bitcoin is the supply schedule. Any alteration produces something that is decidedly non-Bitcoin." - Nic Carter Nic does...
The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without...