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Knut Svanholm
More books by Knut Svanholm…
“So forget about coffee, forget about whether your local franchise burger joint accepts bitcoin or not and start focusing on what you can use this tool for.”
― Bitcoin: Independence Reimagined
― Bitcoin: Independence Reimagined
“Gold happens to have physical properties that make it suitable as a form of money. It is one of two noble, non-radioactive, non-toxic, mononuclidic metals. Mononuclidic means that there’s only one natural stable isotope of the element. The other is Rhodium, discovered in 1803 by British physician William Wollaston. Gold has a very high stock-to-flow ratio due to its monetary properties and history. This means that gold’s existing stockpile is enormous compared to the inflow of new gold onto the market. Since gold remains somewhat scarce, it can hold its value over long periods.”
― Bitcoin: Everything divided by 21 million
― Bitcoin: Everything divided by 21 million
“As described in the previous chapter, a purely informational asset now exists. A way to convert energy into a yardstick for measuring the value of human time. Something abstract that you can claim ownership of by knowing about it. Something that will change the definition of intellectual property. Chances are that it might even put the word "ownership" itself to the test. For what is ownership, if not the ability to resist confiscation? Every material thing is confiscatable. Every mansion, gold bar, and painting is at risk of being stolen at all times. If you live in a peaceful country, this risk might be low, but it’s a risk nonetheless. Does this mean that you can’t really own physical stuff? Well, if we use this definition of ownership, it does.”
― Bitcoin: Everything divided by 21 million
― Bitcoin: Everything divided by 21 million
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