Does Bitcoin maximalism fail the test against the economics of Ludwig Von Mises & Charles Menger, both giants of the Austrian school? Have we sacrificed sound money by limiting block space?
For a change of pace, today's read & discussion is on @SallyMayweather's article arguing the inevitable failure of BTC.
http://saltheagorist.blogspot.com/2019/08/the-economics-of-btc-maximalism.html
Don't forget to check out the amazing works of Menger & Mises to learn more:
https://mises.org/library/origins-money-0
https://mises.org/library/principles-economics
https://mises.org/library/theory-money-and-credit
Let me know what you think, and join us in the Cryptoconomy Telegram to discuss with the rest of the crew! Become a supporter on Patreon to get access and also support turning all of the best articles in Bitcoin into audio!
www.patreon.com/thecryptoconomy
“Just like a stock market was a financial platform for creating the scalable corporation, blockchains can be governance platforms for enabling the scalable commons.” ...
"One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course,...
"One of the amazing things about the internet economy is how different the list of top internet properties today looks from the list ten...