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Obviously one cannot ship gold atoms as network data. And I saw the failure of IOUs again, now digital (e-gold). So I needed to discover general principles of trust-minimized money I could apply to cyberspace. For that I studied other forms of early (trust-minimized) money.
From thinking about what monetary metals, shells, diamonds, rare postage stamps, ... had in common, and applying historically recent computer science breakthroughs to implement those principles in a trust-minimized way on a digital network, came bit gold: https://nakamotoinstitute.org/bit-gold/
Thanks for this clarification. I was dismayed that Tim May was more influenced by Freedman than Rothbard. But as long as the important ideas rise to the surface it doesn’t really matter what path they take. Good work!
It must be so frustrating to here people say Bitcoin will not succeed because the first attempt never wins.
Thank you Nick. Your contributions laid the foundations for technologies that are already helping millions of people.
Very well said!
Rare to get this level of insight on one’s thought process. It’s a good model though for inventing new things or coming up with solutions across disciplines.
Your paper on the origins of money is fantastic. I’d read an extrapolated book version!
From thinking to implementing the areas in your daily routine. I wish to have an idea of investing earlier then I got it.
STOP TRYING TO SABOTAGE MY MEMES
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