Predicted 20 years ago in The Sovereign Individual: nation states will compete for citizens (revenue) via taxes. https://t.co/ngoBDrJTYf
@MashuriBC @CharlieShrem @Excellion True for CONOP, though remains to be seen for tx cost. Successful LN could raise tx cost.
@CharlieShrem @Excellion @MashuriBC Rock, meet hard place: what’s the use of low CONOP if transaction cost overtakes CONOP?
“Blockchains don’t guarantee truth; they just preserve truth and lies from later alteration, allowing one to later securely analyze them…”
.@NickSzabo4 on scaling distributed consensus systems. https://t.co/8B4gk4oCwX https://t.co/WmnV2Zb7Py
In which @NickSzabo4 explains how public permissionless blockchains enable humans to overcome Dunbar’s number. https://t.co/3zdEjWNCGZ
The Great People’s Bank Wall of China can only hold back the mongrel horde of bitcoiners below $1,000 for so long. pic.twitter.com/Jj5WfnTRY5
@BenTriptek I’m not an expert on the SEC but it seems to me that they care about a million factors other than the actual exchange rate.
Silver lining regarding Chinese Bitcoin exchanges disabling withdrawals: makes it easier for miners to process the transaction backlog. 😬