/biz/ - Business & Finance

[Anonymous No.55461851]

The secret to Bitcoin’s success is certainly not its computational efficiency or its scalability in the consumption of resources. Specialized Bitcoin hardware is designed by highly paid experts to perform only one particular function – to repetitively solve a very specific and intentionally very expensive kind of computational puzzle. That puzzle is called a proof-of-work, because the sole output of the computation is just a proof that the computer did a costly computation. Bitcoin’s puzzle-solving hardware probably consumes in total over 500 megawatts of electricity. And that is not the only feature of Bitcoin that strikes an engineer or businessman who is focused on minimizing resource costs as highly quixotic. Rather than reduce its protocol messages to be as few as possible, each Bitcoin-running computer sprays the Internet with a redundantly large number of “inventory vector” packets to make very sure that all messages get accurately through to as many other Bitcoin computers as possible. As a result, the Bitcoin blockchain cannot process as many transactions per second as a traditional payment network such as PayPal or Visa. Bitcoin offends the sensibilities of resource-conscious and performance-measure-maximizing engineers and businessmen alike.

[Anonymous No.55461861]

>>55461851
Instead, the secret to Bitcoin’s success is that its prolific resource consumption and poor computational scalability is buying something even more valuable: social scalability. Social scalability is the ability of an institution –- a relationship or shared endeavor, in which multiple people repeatedly participate, and featuring customs, rules, or other features which constrain or motivate participants’ behaviors -- to overcome shortcomings in human minds and in the motivating or constraining aspects of said institution that limit who or how many can successfully participate. Social scalability is about the ways and extents to which participants can think about and respond to institutions and fellow participants as the variety and numbers of participants in those institutions or relationships grow. It's about human limitations, not about technological limitations or physical resource constraints. There are separate engineering disciplines, such as computer science, for assessing the physical limitations of a technology itself, including the resource capacities needed for a technology to handle a greater number of users or a greater rate of use. Those engineering scalability disciplines are not, except by way of contrast with social scalability, the subject of this essay.

[Anonymous No.55461866]

>>55461861
Even though social scalability is about the cognitive limitations and behavior tendencies of minds, not about the physical resource limitations of machines, it makes eminent sense, and indeed is often crucial, to think and talk about the social scalability of a technology that facilitates an institution. The social scalability of an institutional technology depends on how that technology constrains or motivates participation in that institution, including protection of participants and the institution itself from harmful participation or attack. One way to estimate the social scalability of an institutional technology is by the number of people who can beneficially participate in the institution. Another way to estimate social scalability is by the extra benefits and harms an institution bestows or imposes on participants, before, for cognitive or behavioral reasons, the expected costs and other harms of participating in an institution grow faster than its benefits. The cultural and jurisdictional diversity of people who can beneficially participate in an institution is also often important, especially in the global Internet context. The more an institution depends on local laws, customs, or language, the less socially scalable it is.

[Anonymous No.55461874]

>>55461866
Without institutional and technological innovations of the past, participation in shared human endeavors would usually be limited to at most about 150 people – the famous “Dunbar number”. In the Internet era, new innovations continue to scale our social capabilities. In this article I will discuss how blockchains, and in particular public blockchains that implement cryptocurrencies, increase social scalability, even at a dreadful reduction in computational efficiency and scalability.

[Anonymous No.55461879]

>>55461874
Innovations in social scalability involve institutional and technological improvements that move function from mind to paper or mind to machine, lowering cognitive costs while increasing the value of information flowing between minds, reducing vulnerability, and/or searching for and discovering new and mutually beneficial participants. Alfred North Whitehead said, "It is a profoundly erroneous truism, repeated by all copy-books and by eminent people when they are making speeches, that we should cultivate the habit of thinking what we are doing. The precise opposite is the case. Civilization advances by extending the number of important operations which we can perform without thinking about them." Friedrich Hayek added: “We make constant use of formulas, symbols, and rules whose meaning we do not understand and through the use of which we avail ourselves of the assistance of knowledge which individually we do not possess. We have developed these practices and institutions by building upon habits and institutions which have proved successful in their own sphere and which have in turn become the foundation of the civilization we have built up.”

[Anonymous No.55461883]

Thanks, ChatGPT

[Anonymous No.55461890]

>>55461879
A wide variety of innovations reduce our vulnerability to fellow participants, intermediaries, and outsiders, and thereby lower our need to spend our scarce cognitive capacities worrying about how an increasingly large number of increasingly diverse people might behave. Another class of improvements motivates the accurate collection and transmission of valuable information between an increasing number and variety of participants. Yet other advances enable a wider number or variety of mutually beneficial participants can discover each other. All these kinds of innovations have over the course of human prehistory and history improved social scalability, sometimes dramatically so, making our modern civilization with its vast global population feasible. Modern information technology (IT), especially by making use of the historically recent discoveries of computer science, can often discover many more mutually beneficial matches, can improve motivations for information quality, and can reduce the need for trust within certain kinds of institutional transactions, with respect to an increasingly large number and variety of people, thereby further increasing social scalability in some very important ways.

Information flows between minds – what I have called intersubjective protocols – include spoken and written words, custom (tradition), the contents of law (its rules, customs, and case precedents), a variety of other symbols (e.g. “star” ratings common in online reputation systems), and market prices, among many others.

>>55461883
Kill yourself

[Anonymous No.55461898]

>>55461890
Trust minimization is reducing the vulnerability of participants to each other’s and to outsiders’ and intermediaries’ potential for harmful behavior. Most institutions which have undergone a lengthy cultural evolution, such as law (which lowers vulnerability to violence, theft, and fraud), as well as technologies of security, reduce, on balance, and in more ways than the reverse, our vulnerabilities to, and thus our needs to trust, our fellow humans, compared with our vulnerabilities before these institutions and technologies evolved. In most cases an often trusted and sufficiently trustworthy institution (such as a market) depends on its participants trusting, usually implicitly, another sufficiently trustworthy institution (such as contract law). These trusted institutions in turn traditionally implement a variety of accounting, legal, security, or other controls that make them usually and sufficiently, at least for facilitating the functionality of their client institutions, trustworthy, by minimizing vulnerability to their own participants (such as accountants, lawyers, regulators, and investigators). An innovation can only partially take away some kinds of vulnerability, i.e. reduce the need for or risk of trust in other people. There is no such thing as a fully trustless institution or technology.

[Anonymous No.55461908]

>>55461898
The nonexistence of complete trustlessness is true even of our strongest security technology, encryption. Although some cryptographic protocols do guarantee certain specific data relationships with astronomically high probability against opponents with astronomically high computing power, they do not provide complete guarantees when accounting for all possible behaviors of all participants. Encryption can strongly protect an e-mail from direct eavesdropping by third parties, but the sender still trusts the recipient to not forward or otherwise divulge the contents of that email, directly or indirectly to any undesired third parties. As another example, in our strongest consensus protocols harmful behavior by certain fractions of participants or intermediaries well short of 100% can compromise the integrity of transactions or information flows between participants and thereby on balance harm the participants. The historically recent breakthroughs of computer science can reduce vulnerabilities, often dramatically so, but they are far from eliminating all kinds of vulnerabilities to the harmful behavior of any potential attacker.

Matchmaking is facilitating the mutual discovery of mutually beneficial participants. Matchmaking is probably the kind of social scalability at which the Internet has most excelled. Social networks like Usenet News, Facebook, and Twitter facilitate the mutual discovery of like-minded or otherwise mutually entertaining or mutually informing people (and even future spouses!). After they have allowed people more likely to be of mutual benefit to discover each other, social networks then facilitate relationships at various levels of personal investment, from casual to frequent to obsessive. Christopher Allen among others has done some interesting and detailed analyses about group size and time spent mutually interacting in online games and associated social networks.

[Anonymous No.55461917]

>>55461908
eBay, Uber, AirBnB, and online financial exchanges have brought social scalability via often great improvements in commercial matchmaking: searching for, finding, bringing together, and facilitating the negotiation of mutually beneficial commercial or retail deals. These or related services also facilitate performances such as payment and shipping, as well as verification that other obligations undertaken by strangers in these deals have been performed and communication about the quality of such performances (as with “star rating” systems, Yelp reviews, and the like).

Whereas the main social scalability benefit of the Internet has been matchmaking, the predominant direct social scalability benefit of blockchains is trust minimization. A blockchain can reduce vulnerability by locking in the integrity of some important performances (such as the creation and payment of money) and some important information flows, and in the future may reduce the vulnerability of the integrity of some important matchmaking functions. Trust in the secret and arbitrarily mutable activities of a private computation can be replaced by verifiable confidence in the behavior of a generally immutable public computation.

[Anonymous No.55461924]

Money and Markets
Money and markets directly benefit the participants in each particular trade by the market matching a buyer with a mutually beneficial seller and by a widely acceptable and standardized counter-performance (money). I use markets here in the sense Adam Smith used the term: not as a specific place or service where buyers and sellers are brought together (although it might sometimes involve these), but rather the broad set of typically pairwise exchanges whereby the supply chain that makes a product is coordinated.

Money and markets also incentivize creation of more accurate price signals that reduce negotiation costs and errors for participants in other similar exchanges. The potent combination of money and market thereby allowed a far higher number and variety of participants to coordinate their economic activities than previous exchange institutions, which more resembled bilateral monopolies than competitive markets.

Markets and money involve matchmaking (bringing together buyer and seller), trust reduction (trusting in the self-interest rather than in the altruism of acquaintances and strangers), scalable performance (via money, a widely acceptable and reusable medium for counter-performance), and quality information flow (market prices).

The greatest early thinker about money and markets was Adam Smith. At the dawn of the industrial revolution in Britain, Smith observed in The Wealth of Nations how making even the most humble of products depended, directly and indirectly, on the work of large numbers of a wide variety of people:

[Anonymous No.55461931]

>>55461924
Observe the accommodation of the most common artificer or day-laborer in a civilized and thriving country, and you will perceive that the number of people of whose industry a part, though but a small part, has been employed in procuring him this accommodation, exceeds all computation. The woolen coat, for example, which covers the day laborer, as coarse and rough as it may appear, is the produce of the joint labor of a great multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their different arts in order to complete even this homely production. How many merchants and carriers, besides, must have been employed in transporting the materials from some of those workmen to others who often live in a very distant part of the country! How much commerce and navigation in particular, how many shipbuilders, sailors, sail makers, rope makers, must have been employed in order to bring together the different drugs made use of by the dyer, which often come from the remotest corners of the world! What a variety of labor, too, is necessary in order to produce the tools of the meanest of those workmen! To say nothing of such complicated machines as the ship of the sailor, the mill of the fuller, or even the loom of the weaver, let us consider only what a variety of labor is requisite in order to form that very simple machine, the shears with which the shepherd clips the wool. The miner, the builder of the furnace for smelting the ore, the feller of the timber, the burner of the charcoal to be made use of in the smelting-house, the brick maker, the brick layer, the workmen who attend the furnace, the millwright, the forger, the smith, must all of them join their different arts in order to produce them.

[Anonymous No.55461950]

>>55461931
Were we to examine, in the same manner, all the different parts of his dress and household furniture, the coarse linen shirt which he wears nest his skin, the shoes which cover his feet, the bed which he lies on, and all the different parts which compose it, the kitchen grate at which be prepares his victuals, the coals which he makes use of for that purpose, dug from the bowels of the earth, and brought to him perhaps by a long sea and a long land carriage, all the other utensils of his kitchen, all the furniture of his table, the knives and forks, the earthen or pewter plates upon which he serves up and divides his victuals, the different hands employed in preparing his bread and his beer, the glass window which lets in the heat and the light, and keeps out the wind and the rain, with all the knowledge and art requisite for preparing that beautiful and happy invention, without which these northern parts of the world could scarce have afforded a very comfortable habitation, together with the tools of all the different workmen employed in producing those different conveniences; if we examine, I say, all these things, and consider what a variety of labor is employed about each of them, we shall be sensible that without the assistance and co-operation of many thousands, the very meanest person in a civilized country could not be provided, even according to what we may falsely imagine the easy and simple manner in which he is commonly accommodated.[end quote]

[Anonymous No.55461959]

>>55461950
And this was before the many successive waves of industrial revolution and globalization between 1776 and now that refined, elaborated, and extended the division of labor many times more. Rather than trusting in the unlikely altruism of so many strangers, markets and money create many pairings of mutual benefit and thus motivate this large network of mutually oblivious people to act in our interests:

"In civilized society man stands at all times in need of the cooperation and assistance of great multitudes, while his whole life is scarce sufficient to gain the friendship of a few persons…[In contrast to other animals, man has an almost constant occasion for the help of his brethren, and it is vain for him to expect it from their benevolence only. [Exchange is the] manner in which we obtain from another the far greater part of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard for their own interest. As it is the power of exchanging that gives occasion to the division of labor, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market”.

As the exchange network around a country and around the globe grows, involving a greater number and variety of producers, so grows the division of labor and thereby labor productivity.

Money facilitates social scalability by increasing the opportunities for this exchange. By lowering coincidence problems (coincidence-of-wants in exchange and coincidence-of-want-and-event in unilateral transfers), via a widely acceptable and reusable form of wealth storage and transfer, money greatly lowered transaction costs, making possible more exchanges of a greater variety of goods and services involving exchanges and other wealth transfer relationships with a much larger number and much wider variety of people.

[Anonymous No.55461969]

ChatGPT crypto shilling is definitely a top signal

[Anonymous No.55461981]

>>55461959
Scalable markets and prices require scalable money. Scalable money requires scalable security, so that a greater number and variety of people can use the currency without losing its integrity against forgery, inflation, and theft.

Satoshi’s breakthrough with money was to provide social scalability via trust minimization: reducing vulnerability to counterparties and third parties alike. By substituting computationally expensive but automated security for computationally cheap but institutionally expensive traditional security, Satoshi gained a nice increase in social scalability. A set of partially trusted intermediaries replaces a single and fully trusted intermediary.
When we can secure the most important functionality of a financial network by computer science rather than by the traditional accountants, regulators, investigators, police, and lawyers, we go from a system that is manual, local, and of inconsistent security to one that is automated, global, and much more secure. Cryptocurrencies, when implemented properly on public blockchains, can substitute an army of computers for a large number of traditional banking bureaucrats. “These block chain computers will allow us to put the most crucial parts of our online protocols on a far more reliable and secure footing, and make possible fiduciary interactions that we previously dared not do on a global network.”

The characteristics most distinctively valuable in blockchain technology in general, and Bitcoin in particular — for example
1. independence from existing institutions for its basic operations
2. ability to operate seamlessly across borders
come from the high levels of security and reliability a blockchain can maintain without human intervention. Without that high security it’s just a wasteful distributed database technology still tied to the local bureaucracies it would have to depend upon for its integrity.

>>55461969
if you think this is chatGPT youre a hopeless retard

[Anonymous No.55461988]

>>55461981
Computers and networks are cheap. Scaling computational resources requires cheap additional resources. Scaling human traditional institutions in a reliable and secure manner requires increasing amounts accountants, lawyers, regulators, and police, along with the increase in bureaucracy, risk, and stress that such institutions entail. Lawyers are costly. Regulation is to the moon. Computer science secures money far better than accountants, police, and lawyers.

In computer science there are fundamental security versus performance tradeoffs. Bitcoin's automated integrity comes at high costs in its performance and resource usage. Nobody has discovered any way to greatly increase the computational scalability of the Bitcoin blockchain, for example its transaction throughput, and demonstrated that this improvement does not compromise Bitcoin’s security.

It is probable that no such big but integrity-preserving performance improvement is possible for the Bitcoin blockchain; this may be one of these unavoidable tradeoffs. Compared to existing financial IT, Satoshi made radical tradeoffs in favor of security and against performance. The seemingly wasteful process of mining is the most obvious of these tradeoffs, but Bitcoin also makes others. Among them is that it requires high redundancy in its messaging. Mathematically provable integrity would require full broadcast between all nodes. Bitcoin can’t achieve that but to even get anywhere close to a good approximation of it requires a very high level of redundancy. So a 1 MB block consumes far more resources than a 1 MB web page, because it has to be transmitted, processed, and stored with high redundancy for Bitcoin to achieve its automated integrity.

[Anonymous No.55461993]

>>55461981
"i-i swearsies... im really writing this. ur rerardede!!!1"

*types at 9200 words per minute with strange robotic grammar and meandering subject consistency*

[Anonymous No.55462004]

>>55461988
These necessary tradeoffs, sacrificing performance in order to achieve the security necessary for independent, seamlessly global, and automated integrity, mean that the Bitcoin blockchain itself cannot possibly come anywhere near Visa transaction-per-second numbers and maintain the automated integrity that creates its distinctive advantages versus these traditional financial systems. Instead, a less trust-minimized peripheral payment network (possibly Lightning ) will be needed to bear a larger number of lower-value bitcoin-denominated transactions than Bitcoin blockchain is capable of, using the Bitcoin blockchain to periodically settle with one high-value transaction batches of peripheral network transactions.

Bitcoin supports a lower rate transactions than Visa or PayPal, but due to its stronger automated security these can be much more important transactions. Anybody with a decent Internet connection and a smart phone who can pay $0.20-$2 transaction fees – substantially lower than current remitance fees -- can access Bitcoin any where on the globe. Lower value transactions with lower fees will need to be implemented on peripheral bitcoin networks.

When it comes to small-b bitcoin, the currency, there is nothing impossible about paying retail with bitcoin the way you’d pay with a fiat currency — bitcoin-denominated credit and debt cards, for example, with all the chargeback and transactions-per-second capabilities of a credit or debit card. And there are also clever ways to do peripheral bitcoin retail payments in which small value payments happen off-chain and are only periodically bulk-settled on the Capital-B Bitcoin blockchain. That blockchain is going to evolve into a high-value settlement layer as bitcoin use grows, and we will see peripheral networks being used for small-b bitcoin retail transactions.

>>55461993
Its an extremely thought provoking blogpost by nick szabo from 2017. Go reply to actual GPT and coombait threads.

[Anonymous No.55462014]

>>55462004
Money requires social scalability in its design, via security. For example it should be very hard for any participant or intermediary to forge money (to dilute the supply curve leading to undue or unexpected inflation). Gold can have value anywhere in the world and is immune from hyperinflation because its value doesn’t depend on a central authority. Bitcoin excels at both these factors and runs online, enabling somebody in Albania to use Bitcoin to pay somebody in Zimbabwe with minimal trust in or and no payment of quasi-monopoly profits to intermediaries, and with minimum vulnerability to third parties.

There are all sorts of definitions of “blockchain” out there, almost all of them just implicitly broad hand-waving amid the mountains of marketing hype. I suggest a clear definition that can be communicated to lay people. It is a blockchain if it has blocks and it has chains. The “chains” should be Merkle trees or other cryptographic structures with a similar integrity functionality of post-unforgeable integrity. Also the transactions and any other data whose integrity is protected by a blockchain should be replicated in a way objectively tolerant to worst-case malicious problems and actors to as high a degree as possible (typically the system can behave as previously specified up to a fraction of 1/3 to 1/2 of the servers maliciously trying to subvert it to behave differently).

[Anonymous No.55462017]

>>55462004
sOcIaL sCaLaBiLiTy is so thought provoking
we live in a society

[Anonymous No.55462023]

>>55462014
Because of this fraction, and because of the (hopefully very rare) need to update software in a manner that renders prior blocks invalid – an even riskier situation called a hard fork -- blockchains also need a human governance layer that is vulnerable to fork politics. The most successful blockchain, Bitcoin, has maintained its immutable integrity via decentralized decision-making among experts in the technology combined with a strong dogma of immutability, under which only the most important and rare bug fixes and design improvements, that cannot be made any other way, justify a hard fork. Under this philosophy of governance accounting or legal decisions (such as altering an account balance or undoing a transaction) never justify a hard fork, but should be accomplished by traditional governance outside of (or on top of) the system (e.g. via a court injunction forcing a Bitcoin user to send a new transaction that effectively undoes the old one, or confiscating the particular keys and thus the particular holdings of a particular user).

To say that data is post-unforgeable or immutable means that it can’t be undetectably alteredafter being committed to the blockchain. Contrary to some hype this doesn’t guarantee anything about a datum’s provenance, or its truth or falsity, before it was committed to the blockchain. That requires additional protocols, often including expensive traditional controls. Blockchains don’t guarantee truth; they just preserve truth and lies from later alteration, allowing one to later securely analyze them, and thus be more confident in uncovering the lies. Typical computers are computational etch-a-sketch, while blockchains are computational amber. Important data should be committed to blockchain amber as early as possible, ideally directly from and cryptographically signed by the device in which it was generated, to maximize the blockchain’s benefit in securing its integrity.

>>55462017
low iq

[Anonymous No.55462032]

>>55462023
you desire your bags to pump

[Anonymous No.55462043]

>>55462023
The rise of the Internet as seen the rise of a variety of online institutions, among them social networks, “long-tail” retail (e.g. Amazon), and a variety of services that allow small and dispersed buyers and sellers to find and do business with each other (eBay, Uber, AirBnB, etc.) These are just the initial attempts to take advantage of our new abilities. Due to the massive improvements in information technology over recent decades, the number and variety of people who can successfully participate in an online institution is far less often restricted by the objective limits of computers and networks than it is by limitations of mind and institution that have usually have not yet been sufficiently redesigned or further evolved to take advantage of those technological improvements.

These initial Internet efforts have been very centralized. Blockchain technology, which implements data integrity via computer science rather than via “call the cops”, has so far made possible trust-minimized money -- cryptocurrencies – and will let us make progress in other financial areas as well as other areas where transactions can be based primarily on data available online.

This is not to say that adapting our institutions to our new capabilities will be easy. Utopian schemes are very popular in the blockchain community, but they are not viable options. Reverse-engineering our highly evolved traditional institutions, and even reviving in new form some old ones, will usually work better than designing from scratch, than grand planning and game theory. One important strategy for doing so was demonstrated by Satoshi – sacrifice computational efficiency and scalability -- consume more cheap computational resources -- in order to reduce and better leverage the great expense in human resources needed to maintain the relationships between strangers involved modern institutions such as markets, large firms, and governments.

[Anonymous No.55462049]

>>55462032
My bags are fine and I am up massively, can the same be said for you?

[Anonymous No.55462108]

>>55462043
>>55462049
No? Your bags arent fine and up massively? Thats what I thought. Poorfag nigger.

[Anonymous No.55462122]

>>55462108
pelase forgive me

[Anonymous No.55462252]

>>55462122
In 2035, people wont believe you if you say you own just 0.1 self custodied BTC. This advice is genuine and following it will change your life. You dont need to understand how important BTC is and will become to profit massively on it. Just guard it with your life and dont lose money to altcoin scams and boomer prisoner dilemma real estate and stocks/bonds

[Anonymous No.55462458]

>>55461851
Not gonna read any of that shit.

[Anonymous No.55462470]

>>55462458
I dont care

[Anonymous No.55462639]

>>55461851
>>55461861
>>55461866
>>55461874
>>55461879
>>55461890
>>55461898
>>55461908
>>55461917
>>55461924
>>55461931
>>55461950
>>55461959
>>55461981
>>55461988
>>55462004
>>55462023
>>55462043
sounds like the reason why oldfags are still btc maxis, only skimmed it

>Global
>Trustless
>Secure
>highly liquid
>easily able to participate
>network effects

Newfags / chatgpt idiots can stay out. go chase your 1000x ai shitcoin bags . we're here for bitcoin. the one true crypto

[Anonymous No.55462660]

>>55462639
Pretty much. Its worth a read however. Nick Szabo was a prophet and probably satoshi. He spent all day on twitter posting black IQ statistics before disappearing from the web. Hes just like us.

[Anonymous No.55462688]

>>55461981
>if you think this is chatGPT youre a hopeless retard

it's written like it was penned by some third world ESL retard, riddled with grammatical and/or spelling mistakes. ChatGPT is a complement.

[Anonymous No.55462689]

>>55462660
I'll read it on the actual blogspot, it's too broken up here and there's too many gay shitcoin / chatgpt fags breaking up the text

http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html

Thanks for sharing OP

[Anonymous No.55462699]

>>55462688
>Humans have typing errors
>Shitty robot that reiterates what it read on the internet has good grammar|

Good job showing why you're a retard

[Anonymous No.55462702]

>>55462688
Go back, normie swine. The man who wrote this created the foundation for the entire cryptocurrency market.

[Anonymous No.55462707]

>>55462688
>Provides strong arguments and points
>HAHAHA YOU MISTYPED THAT WORD AND USED THE WRONG CLAUSE HERE!!!!

One of those

[Anonymous No.55462708]

>>55462689
Sincerely hope you enjoy it. Shelling Out is great too. Szabo is a genius.

[Anonymous No.55462763]

>>55462688
> spelling mistakes
> complement

[Anonymous No.55462790]

>>55462708
Wow there's actually a lot of really good insights on this blog. Hope he didn't died in 2018. Seems like a smart guy. Some good bedtime reading.

Thanks again
>>55461851
for sharing this post and blog. wouldn't have discovered it without you

>>55462763
kek

[Anonymous No.55463895]

Kaspa solves this

[Anonymous No.55463941]

>41 posts
Looks like this thread sparked an interesting debate, guess I'll click on it
>all 41 posts are OP

[Anonymous No.55465194]

>>55463941
Well what did you think about the contents of the posts?

[Anonymous No.55466035]

>>55462702
>The man who wrote this created the foundation for the entire cryptocurrency market.
And he's a messiah yo many today. If you didn't catch up Bitcoin which he introduced, you will catch Ethereum, Cardano, SpoolFi, Kaspa, Arbitrum etc.
>All for one, One for all.

[Anonymous No.55466053]

I will NOT be reading all that shit! have GPT summarize it next time you nincompoop

[Anonymous No.55466613]

>>55466053
did I respond to a 100% bot driven thread?

[Anonymous No.55466769]

>>55462458
I'm reading it, faggot

[Anonymous No.55467388]

>>55462252
so just all in on bitcoin? alright

[Anonymous No.55468227]

>>55467388
i run an eth node and have stables but wont be wrecked if they go to zero

[Anonymous No.55468403]

>2017 pasta

priced out, cope

[Anonymous No.55468420]

>>55468227
Earn yield from that ETH via Lido finance and from the stables via Spool finance. Don't allow them sit on your wallet for nothing.
>Secret to passive income.

[Anonymous No.55469442]

>>55466035
No doubts anon, Arbitrum and Ripple are sleeping giants. I also have eyes locked on what DEPINs is bringing to Defi and web3.

[Anonymous No.55469755]

>>55468403
I already made it
>>55469442
>>55466035
kys, niggers like hoskinson are conmen retards