Unpacking Bitcoin’s Social Contract
December 2, 2018
The bitcoin protocol automates the contract agreed upon on the social layer, while the social layer determines the rules of bitcoin, based on the consensus of its users.
The bitcoin protocol automates the contract agreed upon on the social layer, while the social layer determines the rules of bitcoin, based on the consensus of its users.
I tested the first plug-and-play node for Bitcoin and the Lightning Network. Is it as easy to set up and use as promised?
Discussions about Bitcoin often start from the presumption that fiat money is terrible and against the will of the people. We think a discussion about money and Bitcoin should start by acknowledging both — the good, and the bad — of the fiat system.
A series of recent issues with the exchange leads me to believe that they have a hard time acting ethically once it gets in their way of making more money.
Here’s a theory for you: Tether is exiting — and that’s a good thing.
In this piece, we demonstrate how several recent reports about Bitcoin’s exposure to Tether have been grossly exaggerated. We then assess how exposed to both solvency and liquidity risks is Tether. We finally conclude that Bitcoin should be robust to Tether-related shocks.
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