Yup, bit gold didn't have difficulty adjustment or cap, thus in the blockchain ("titles") non-fungible. Relied on exchanges to create relative prices thus allow creation of fungible notes (a 2nd layer). Has monetary benefit but Bitcoin/Lightning combo is far more trust-minimized.
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An interesting way to summarize it, thanks for the ptr.
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Amazing, the original satoshians, eventually many Will followpic.twitter.com/pwjT9Ko4EJ
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Good stuff there. You were on my 'Satoshi' short list for a while.
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Link to gwern's article is broken: https://www.gwern.net/Bitcoin-is-Worse-is-Better …
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Nice. "The ledger is made of gold" because the ledger is part of the gold mega-coin. And transferrable units are claims on fractions of that gold mass. Checks out.
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SATOSHI
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1. Do you have a link to your rebuttal of the 'origins of money' & the regression theorem.
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2. Do you think btc in its present form satisfies everything that is required to be money?
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3. & were you saying that 'Origins of Money' should be required reading or your rebuttal?
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Do you think Siacoin’s going to hit 1,000 Satoshis by end of the month?
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