Hi all, I’ve got a new batch of items to share. 1.) Bitcoin’s Miner Fee Crisis Explained: A Reply to Joe Weisenthal Bloomberg’s Joe Weisenthal started asking questions about why bitcoin seems to have a logical gap in reasoning related to its economics. He makes some good first attempts at answering but I took it upon myself to elaborate. Bitcoin’s miner fee crisis was caused by the split in direction of the bitcoin community during the Block Size Scaling War of 2014-2019. Overall, bitcoin failed its most basic test: to prove that decentralized market-driven anonymous individuals can build, sustain, and grow a global monetary and payment system. Read the whole article or Twitter thread to learn the whole story.
Ryan Research Newsletter 10/17/21
Ryan Research Newsletter 10/17/21
Ryan Research Newsletter 10/17/21
Hi all, I’ve got a new batch of items to share. 1.) Bitcoin’s Miner Fee Crisis Explained: A Reply to Joe Weisenthal Bloomberg’s Joe Weisenthal started asking questions about why bitcoin seems to have a logical gap in reasoning related to its economics. He makes some good first attempts at answering but I took it upon myself to elaborate. Bitcoin’s miner fee crisis was caused by the split in direction of the bitcoin community during the Block Size Scaling War of 2014-2019. Overall, bitcoin failed its most basic test: to prove that decentralized market-driven anonymous individuals can build, sustain, and grow a global monetary and payment system. Read the whole article or Twitter thread to learn the whole story.