"Bitcoin And Me" By Hal Finney
"I thought I'd write about the last four years, an eventful time for Bitcoin and me.
For those who don't know me, I'm Hal Finney.
Big picture $BTC
Bitcoin is undergoing its third parabolic advance in the past decade. A parabolic advance on an arithmetic scale is extremely rare - three on a log scale is historic
If you remove all the blockchain mumbo jumbo and asked "what is bitcoin" from an asset perspective, it's a way to monetize un-sellable energy. It's a way to monetize usage of electrical resistors. There's more to it than that of course, but that's its economic/cost basis.
KP, the province in Pakistan that earlier legalized crypto mining, just approved the use of government funds to mine.
The KP government is way ahead of the curve: mining Bitcoin directly!
First signs of de-coupling behaviour spotted between BTC and stocks.
Buying from an influx of new users provides price support preventing speculators from trading the correlation downwards.
NVTP approximates a valuation for BTC with organic investor velocity on the blockchain.
En cette matinée d’ouverture du procès #CharlieHebdo, la grande absente du box des accusés, c’est l’idéologie qui a servi de mobile du crime. À tous ceux qui font la promotion de cette idéologie en France : on fera aussi votre procès un jour.
#islamisme
https://t.co/eZQf5AXtE6
This artwork called "Black Swan" was sold for $0.000000037 over the Lightning Network by @cryptograffiti.
It is the cheapest piece of artwork ever sold.
The possiblities bitcoin enables is mindblowing.
Our first article explores an under-appreciated mechanism that has turned crypto trading into a global, permissionless market: auto-liquidation!
https://t.co/BkTQ7YfmIr
In 1710, Japan had the first recognized commodity Futures exchange, the Dojima Rice Exchange. This system used coupons, based on the perceived future value of rice. And it was called as 'empty rice contracts', due to its absence of physical rice ownership 🍚