The Bitcoin Power Shift

Written by olairet | Published 2019/09/14
Tech Story Tags: bitcoin | latest-tech-stories | power-shift | bureaucracy-to-the-masses | energy-to-value-conversion | scarce-and-immutable-unit | network-effects | game-theory-dynamics

TLDRBitcoin’s Proof of Work turns energy into a generic entry fee to preserve miner anonymity and block-winner unpredictability. As monetary monopoly dies off so does inflation -the hidden tax, it imposes on individual income. The last time civilization met such a change, State and Church split. Triple-Entry Bookkeeping will revolutionize the world, through Bitcoin.Only an Immutable, Non-Systemic, Individually Controlled currency can efficiently replace Monetary Central Planning.via the TL;DR App

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Written by olairet | Head Tsy & Country Teams @ Citi, Merrill, etc. Launched B/D, Hedge Funds. Masters @ Tepper & Kellogg
Published by HackerNoon on 2019/09/14