“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” – Buckminster Fuller
This post is meant as a primer for Bitcoin. It includes some foundational videos on the need and genesis of Bitcoin and some technical information on how it works. We would encourage you to explore the people involved with this endeavor. It will lead you to many more people we may not have listed. We wish you good fortune on your trip down the rabbit hole of Bitcoin.
The Austrian economist F. A. Hayek alluded to the properties that Bitcoin would have prior to the technology being available to provide it.
Wences Casares discusses the history of money, and the qualities good money will have. He then explains Bitcoin’s qualities in that context.
If you believe that having sound money is important for your personal and economic freedom, then need to have a basic understanding of how Bitcoin works.
Key Terms related to Bitcoin
- Metcalf’s Law -the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2) – https://en.wikipedia.org/wiki/Metcalfe’s_law
- Gresham’s Law Gresham’s law is a monetary principle stating that “bad money drives out good”- Gresham’s law – Wikipedia
The following is a list of people that we are aware of in the Bitcoin space. There are many new people that we come across on a daily basis. We will update on an ongoing basis.
Tyler & Cameron Winkelvoss