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Money, blockchains, and social scalability

  • Article
  • Feb 9, 2017
  • #Bitcoin #Blockchain
Nick Szabo
@NickSzabo4
(Author)
unenumerated.blogspot.com
Read on unenumerated.blogspot.com
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4 Mentions
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Blockchains are all the rage. The oldest and biggest blockchain of them all is Bitcoin, which over its eight-year history so far starshipped in value from 10,000 bitcoins per pizza... Show More

Blockchains are all the rage. The oldest and biggest blockchain of them all is Bitcoin, which over its eight-year history so far starshipped in value from 10,000 bitcoins per pizza (before there were exchanges that priced bitcoin in traditional currencies) to over $1,000 per bitcoin. As of this writing Bitcoin has a market capitalization of over $16 billion. Running non-stop for eight years, with almost no financial loss on the chain itself, it is now in important ways the most reliable and secure financial network in the world.

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Genco Ilgın @Elcora · Dec 19, 2019
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PlanB @100TrillionUSD · May 15, 2021
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Must read @NickSzabo4 classic: "The secret to Bitcoin’s success is certainly not its computational efficiency or its scalability .. the secret .. is buying something even more valuable: social scalability"
Alican Vergin @alicanvergin · May 1, 2022
  • Curated in Bitcoin Intro
Stephan Livera @stephanlivera · Jun 25, 2022
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Bitcoin, not blockchain. The blockchain isn't there to make it more efficient, it's to make the money socially scalable. Recommend reading this by @NickSzabo4
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