Adventures and fascinations of Matt Pāz
Here is the next installment in Parker Lewis’ extraordinary Gradually, Then Suddenly series of blog posts.
This one is a home run. This might be the best explainer of Bitcoin proof-of-work I’ve seen, and, in particular, how miners operate in a game-theoretical equilibrium in which they are incentivized to cooperate by providing a security and transaction ordering/timestamping service to the network or suffer economic loss.… Read more
Here’s an article I enjoyed. I find the thesis to be self-evident. I believe Bitcoin is and will be a big part of this continued process — free minds need free money.
Here is the next installment of the Gradually, Then Suddenly series of articles/blog posts. If you haven’t read all of these articles yet, I’d recommend doing so immediately; they are an incredible educational resource.
In this article, Mr. Lewis delves into what is Quantitative Easing (QE), how QE distorts the pricing mechanism of an economy, why this creates economic instability, and how when the instability manifests in an economic crisis, the default central bank response is more QE(!).… Read more