Circulation of Second-Layer, Asymptotically Ideal Money
#AES #Bitcoin §63 
The network effect is not limited to money. I agree with Jason Lowery’s generalization: “ALL bits of information.” The 2008 decentralizing innovation solved the digital double-spend problem without an intermediary. Not just high-velocity value. The peaceful revolution will also decentralize high-velocity data. Censorship-resistant value and censorship-resistant data will punch holes into the Great Firewall of China.