chralash.wordpress.com
Credit cards vs. Bitcoin (Part One). « Real Virtual Currency
https://chralash.wordpress.com/2014/10/20/credit-cards-vs-bitcoin-part-one
A curious Bitcoin blog. Credit cards vs. Bitcoin (Part One). Doing a head-to-head comparison between Bitcoin and credit cards may seem to be a reasonable exercise. At the till, given the choice between the two, what would you use? It hasn’t happened in earnest yet, but the next step in the puzzle is merchants recognizing that they can afford to offer a discount to Bitcoin-paying customers. But how much is needed before they can compete with credit cards? Good customers are the bread and butter of credit ...
chralash.wordpress.com
October « 2014 « Real Virtual Currency
https://chralash.wordpress.com/2014/10
A curious Bitcoin blog. Monthly Archives: October 2014. 8220;Proof of reserves,” born out of tragedy, will slowly become the global gold standard for financial auditing. But first, let’s look at some of the trust-based concerns that get brought up time and again. Example #1: We don’t know who made Bitcoin, so how can we trust that somebody won’t just print more of it? Up until last year, this argument actually held water, but not because of anything inherent to Bitcoin. Rather, it was a failure of au...
chralash.wordpress.com
January « 2015 « Real Virtual Currency
https://chralash.wordpress.com/2015/01
A curious Bitcoin blog. Monthly Archives: January 2015. Thanks for all the fish! We’ve moved over to http:/ www.realvirtualcurrency.com. Thanks to all of you for your input and support. From now on, RVC will be hosted at the new site! Satoshi chose a logarithmic mining rate. Should he have gone with an “S” curve instead? You are Satoshi Nakamoto and you’ve just compiled the first version of Bitcoin. What parameters do you choose? Should they be limited, or not? He probably chose 2.1 quadrillion base ...
chralash.wordpress.com
Thanks for all the fish! « Real Virtual Currency
https://chralash.wordpress.com/2015/01/31/thanks-for-all-the-fish/comment-page-1
A curious Bitcoin blog. Thanks for all the fish! We’ve moved over to http:/ www.realvirtualcurrency.com. Thanks to all of you for your input and support. From now on, RVC will be hosted at the new site! This entry was posted in Uncategorized. Satoshi chose a logarithmic mining rate. Should he have gone with an “S” curve instead? One comment on “ Thanks for all the fish! Thanks for all the fish! Raquo; Bitcoin and So. January 31, 2015 at 8:24 am. 8230;] Thanks for all the fish! Leave a Reply Cancel reply.
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April « 2014 « Real Virtual Currency
https://chralash.wordpress.com/2014/04
A curious Bitcoin blog. Monthly Archives: April 2014. When will the hash rate level out? What goes up must come down. Despite the vicissitudes of the bitcoin price during the last 5 years, the hash rate of the network, the measure of brute force levered against the protocol to secure the fidelity of the consensual ledger, has risen by about 15% per month. This implies that an individual who spent 1,000 BTC on a 1TH mining outfit, who may only see 50 BTC over the course of his rig’s life, will conti...
chralash.wordpress.com
February « 2014 « Real Virtual Currency
https://chralash.wordpress.com/2014/02
A curious Bitcoin blog. Monthly Archives: February 2014. May you live in interesting times and have the wits to recognize it. If you are 100 or older, you have been around since before modern automobiles were commonplace. If you are 50 or older, you have been around since before humans walked on the moon. If you are 30 or older, you have been around longer than video games (most of them anyway). If you are 20 or older, you have been around longer than the cell phone was popular. And yet, for all the incr...
chralash.wordpress.com
“Proof of reserves,” born out of tragedy, will slowly become the global gold standard for financial auditing. « Real Virtual Currency
https://chralash.wordpress.com/2014/10/23/proof-of-reserves-born-out-of-tragedy-will-slowly-become-the-global-gold-standard-for-financial-auditing
A curious Bitcoin blog. 8220;Proof of reserves,” born out of tragedy, will slowly become the global gold standard for financial auditing. But first, let’s look at some of the trust-based concerns that get brought up time and again. Example #1: We don’t know who made Bitcoin, so how can we trust that somebody won’t just print more of it? Example #2: Bitcoin isn’t regulated, so we can’t trust that crimes committed involving Bitcoin will be subject to the rule of law. Example #3: Banks have to meet certain ...
chralash.wordpress.com
January « 2014 « Real Virtual Currency
https://chralash.wordpress.com/2014/01
A curious Bitcoin blog. Monthly Archives: January 2014. Bitcoin compared to the most exotic alternative investments. It’s a currency. It’s not a currency. It’s a digital commodity. It’s a virtual barter token. Specifically, I would like to cover the following:. Art, Race Horses, Antique Cars, Coins, Stamps, Films, and Spirits. Along the following criteria:. Barrier to entry, Downside Risk, Upside Potential, Costs, and Liquidity. And assign the familiar A-F. If the painting you purchase is of known proven...
chralash.wordpress.com
Credit cards vs. Bitcoin (Part Two). « Real Virtual Currency
https://chralash.wordpress.com/2014/10/21/credit-cards-vs-bitcoin-part-two
A curious Bitcoin blog. Credit cards vs. Bitcoin (Part Two). Continued from Part One]. If Bitcoin can’t beat credit cards based on transaction costs alone, then what can it do? At this point we’ll pull back from the microeconomics of transactional efficiency and take a 30,000 ft. macroeconomic view. Bitcoin’s greatest strength is that it has many strengths. But this can sometimes make its message confusing. Is it a currency? It is a payment system? Is it an ownership ledger? Is it a commodity? The advant...
chralash.wordpress.com
November « 2014 « Real Virtual Currency
https://chralash.wordpress.com/2014/11
A curious Bitcoin blog. Monthly Archives: November 2014. Things are not always as they seem. One of the most arresting thoughts is that what you perceive as normal might actually not be true. Although different in many ways, I find that astrophysics and economics have a lot in common. Specifically, both require an adequate sense of scale when examining the system appropriately. In addition, provable truths in both can seem to contradict our personal experience. Money is the same. On the surface, it&#...