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The appearance of new ways of thinking and communicating, between 70,000 and 30,000 years ago, constitutes the Cognitive Revolution.
“Erik argued that it was the very virtual nature of Bitcoin that made it so valuable. Unlike gold, it could be easily and quickly transferred anywhere in the world, while still having the qualities of divisibility and verifiability that had made gold a successful currency for so many years.”
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
“The root problem with conventional currency is all the trust that’s required to make it work,” Satoshi wrote. “The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
“The only occasional gripe was about the volatile price of Bitcoin, which made it hard to know how much a vendor would be charging a week later. But Ross dealt with this by creating a clever hedging program that allowed customers and vendors to lock in a price.”
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
“The Federal Reserve and other central banks could print more money only if they managed to get their hands on more gold.”
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
“Meanwhile, a month after the Bitcoin conference, protesters took over Zuccotti Park in Manhattan and began what became known as Occupy Wall Street, taking aim at the government’s decision to bail out the big banks but not the rest of the population. The Bitcoin forum was full of people talking about their experiences visiting Zuccotti Park and other Occupy encampments around the country to advertise the role that a decentralized currency could play in bringing down the banks.”
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
― Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
Gotmarc’s 2024 Year in Books
Take a look at Gotmarc’s Year in Books, including some fun facts about their reading.
1,721 books
|
145 friends
1,165 books
|
111 friends
567 books
|
272 friends
184 books
|
81 friends
148 books
|
53 friends
31 books
|
220 friends
18 books
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62 friends
41 books
|
23 friends
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