"Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable." - Yassine Elmandjra
Finishing out the great investment thesis on Bitcoin by Yassine from ARKinvest. Now the we have broken down the 4 critical economic assurances for prosperity and how the trust-based model has failed to deliver them... how does Bitcoin compare as a financial institution? Does it truly provide these assurances in a unique way, and how strong are they?
Today's read is the second half of Bitcoin: A Novel Economic Institution:
Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/
Get a head start on Part 2 by going to the ARKinvest site below:
https://ark-invest.com/white-papers/
Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht
The segwit protocol upgrade was the biggest and most controversial software change in Bitcoin's history. Listne to Aaron Van Wirdum's article at BitcoinMagazine.com to...
"If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?" Today we conclude with Part...
"The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of...