Bitcoin for the open-minded skeptic - Paradigm

with debt and subject to central-bank interventions, overstretched asset prices, and market interconnections whose fault lines were revealed six years ago but never fixed, many analysts assume another is inevitable. There’s also a payments-technology precedent: M-Pesa in Kenya, which you will recall got its big break during that country’s 2007 poli

Programmable securities, money streaming, and a global buyer of energy of last resort are tremendously exciting. Their growing promise is evidence that Bitcoin is, “not just a digital rock,” to cite an expression frequently utilized by Elizabeth Stark.

While Bitcoin's scaling will likely require the use of third‐party intermediaries, this will be different from gold settlement in several very important respects. First, the dealings of the third parties will ultimately all be settled on a publicly accessible ledger, allowing for more transparency and auditing. Bitcoin offers the modern individual