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benthompson's profile
Ben Thompson
Ben Thompson
Ben Thompson
Verified account
@benthompson

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Ben ThompsonVerified account

@benthompson

Author/Founder of @stratechery. Host of @exponentfm. @notechben for sports. @monkbent on other networks. Home on the Internet.

Taipei, Taiwan
stratechery.com
Joined December 2006

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    Ben Thompson‏Verified account @benthompson 3 Mar 2014

    I finally wrote my first piece on Bitcoin: http://stratechery.com/2014/cost-bitcoin/ … It is a big deal, but that doesn't mean I'm a fan. There are big costs.

    11:33 AM - 3 Mar 2014
    • 4 Retweets
    • 9 Likes
    • camille re bourn 🐲 menevets Jon Schwartz Ashish Nagre balloon Niraj Patel David Crow ⛷ Paul Watson 🇿🇦🇮🇪 👨🏻‍💻☕️
    5 replies 4 retweets 9 likes
      1. New conversation
      2. Antonis Polemitis‏ @polemitis 3 Mar 2014
        Replying to @benthompson

        @monkbent 2. Those miners are replacing traditional verification systems that include ppl, buildings, etc. might be net positive on carbon

        2 replies 0 retweets 1 like
      3. Odi Kosmatos  🆗‏ @Kosmatos 3 Mar 2014
        Replying to @polemitis

        @polemitis @monkbent Good point indeed.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Anthony Sanz‏ @apere006 3 Mar 2014
        Replying to @benthompson

        @monkbent The number of bitcoins is also not very important when it divisible to like 12 places.

        1 reply 0 retweets 0 likes
      3. Anthony Sanz‏ @apere006 3 Mar 2014
        Replying to @apere006

        @monkbent Compute increases not to stop inflation but as a response to real value. You are just looking a nominal prices.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Anthony Sanz‏ @apere006 3 Mar 2014
        Replying to @benthompson

        @monkbent Odd piece. You talk about quantity demanded changes as if it was demand curve shifts.

        0 replies 0 retweets 0 likes
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      1. Marten Hauville‏ @martenhauville 3 Mar 2014
        Replying to @benthompson

        @monkbent good article, great comments. Is a small transaction fee: "token sum.. to provide some incentive to miners" http://blockchain.info/wallet/bitcoin-faq …

        0 replies 0 retweets 0 likes
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      1. Antonis Polemitis‏ @polemitis 3 Mar 2014
        Replying to @benthompson

        @monkbent Two quick points: 1. latency not important for mining so miners will migrate to Iceland, etc with cheap, clean renewable energy

        0 replies 0 retweets 0 likes
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