What is Bitcoin? According to many in governments around the world, in central banking, in law enforcement, it’s a nuisance. It allows pseudonymous actors to transfer supposed value from one side of the planet to the other, across borders, with no 3rd party involvement and without permission of the authorities. […]
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Chpt 29: Grey Area
Infinite divisibility or the lack thereof. A concept that appears in philosophy, physics, economics, order theory and probability theory. As early as the 5th century BCE philosophers, Leucippus and Democritus, were theorizing a world of divisible matter beyond our human senses. The Indian philosopher Maharshi Kanada proposed the concept of […]
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Chpt 24.3: Profit Margin
Let’s briefly recap Part 1, and Part 2 of this short series. The Cantillon School of Economics “The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.” Terry Pratchett – Men At Arms Sam Vimes isn’t wrong in his basic assumption about […]