TLDR
Bitcoin’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