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the economics of avoiding real resource consumption in cryptocurrency mining

Iain Stewart 17 December 2012 0Comments

Readers of this blog might be interested in my proposed alternative to the “proof of work” mining system that currently underpins Bitcoin. I call it “proof of burn”. Its motive…

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What am I doing here?

Peter Šurda 16 December 2012 5Comments

Let me tell you something about me. I want to explain why I started this blog and what I intend to do with it. My primary goal is not to…

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Response to Philip Pilkington on Deflation

Peter Šurda 15 December 2012 5Comments

Philip Pilkington made a post criticising the idea that price deflation is if not beneficial, then at least non-neutral from economic point of view: http://www.nakedcapitalism.com/2012/09/philip-pilkington-the-19th-century-long-depression-how-it-fostered-oligopolistic-capitalism-and-serves-as-a-model-for-austerity.html This post was also reposted…

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Response to Hülsmann & Hoppe from PFS 2012 Q&A session day two

Peter Šurda 13 December 2012 10Comments

Professors Hülsmann and Hoppe answer a question from the audience about Bitcoin around 32 minutes into the video here: http://propertyandfreedom.org/2012/12/day-2-question-answer-session-pfs-2012/ This is a quick response to them. Hülsmann argues: “It’s…

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Uncategorised

Feedback for “Better Money” by Lawrence H. White or, I like the book but think like an engineer

Uncategorised

The great Bitcoin blocksize debate as an ideological battle

Uncategorised

I’m still around

Uncategorised

My comments on the BitLicense

Economics of Bitcoin

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