Sunday, January 26, 2014

Bitstuff

Of bitstuff, to get bitstuffed, etc., herein a collection of links to follow.

David Perry on Explaining Bitcoin
Eli again on Bitnodes per capita

This last link is an index of economic liberalization, it seems to me. Note how UK crown dependencies are 'ahead' of the UK itself.

Addenda: here's a good one from Richard Brown on Bitcoin's "irreducible core" and a post from Ethereum founder Vitalik Buterin on his project
When the grand experiment that is bitcoin began, the anonymous wizard desired to test two parameters- a trustless, decentralized database enjoying security enforced by the austere relentlessness of cryptography and a robust transaction system capable of sending value across the world without intermediaries.
Brown's note on "digital scarcity" is the economic kernel, it seems to me. 

And, this report only confirms my distrust, so why not go trustless, as it were? Banks don't really have the money we think they do. See this post from Mish, for one.