How Did Satoshi Think Of Bitcoin? | ZeroHedge

Authored by Unchained CSO Dhruv Bansal via BitcoinMagazine.com,

Bitcoin is often compared to the internet in the 1990s, but I believe the better analogy is to the telegraph in the 1840s.

The telegraph was the first technology to transmit encoded data at near-light speed over long distances. It marked the birth of the telecommunications industry. The internet, though it is bigger in scale, richer in content, and manyto-many instead of one-to-one, is fundamentally still a (more…)

Continue ReadingHow Did Satoshi Think Of Bitcoin? | ZeroHedge

Solana Is Cryptoeconomic Socialism | ZeroHedge

Authored by Omid Malekan,

Most people still don’t understand that the fundamental question of scaling isn’t technical, it’s philosophical.

Monolithic chains want to give the same amount of cryptoeconomic security to a $1 transaction as they do a $1 million transaction. This is highly inefficient.

Nothing else in the economy works this way. If I want to send someone a postcard, I’ll use the postal service. But if I’m sending them a highly valuable work of art (more…)

Continue ReadingSolana Is Cryptoeconomic Socialism | ZeroHedge