What Goes Into A Reserve: Most People Won’t See A Difference
Things have changed now, and I don’t think people have truly grasped the scope of that change. For all his flaws, and complete lack of personal care on the subject,…
The Game Theory of a Strategic Bitcoin Reserve
Bitcoin’s decentralized consensus mechanism works based on some cleverly crafted incentive structures. The first and fundamental rule is that the chain with the most work is the correct one. This…