The network effects that tie society together through its community, language, and money are both incredibly powerful, and very difficult to measure. We continue with Robert Breedlove's broad piece covering all of the core ideas that make Bitcoin the powerful innovation it is, and detailing exactly what it is changing, with a deep historical context.
• Money is a social network
• "Hardness" is #1
• The 7 characteristics of a monetary good
• The nature of prosperity
• How economies grow
So many fascinating concepts and related stories to share on this one. In the next section we will start back with "The Economic Nervous System" and how the natural emergence of prices creates the incentives to organize and direct our actions. So much more to come, don't forget to subscribe!
Don't forget that you can find this incredible work and much more at parallaxdigital.io/blog
"As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of...
"The former Speaker predicts "The dollar will suffer a major confidence shock” and as a result asks, “What can be done?” His immediate answer...
Does Digital code present the possibility of augmenting, or even replacing, the functions of traditional private law? Nick Szabo explores the concept in his...