Oddbean new post about login | logout The future of finance isn’t a seven hundred page securities contract prepared by a stadium’s worth of lawyers but a cartoon interpretation of digital currency that walks into a bandsaw every four years as dictated by an open-source protocol. https://m.primal.net/Hwnl.png
You won’t have to read 700 pages and it’s not a cartoon interpretation either; it’s VCPs (virtual currency points).
Bitcoin is all brain
Whitney posted an excelling interview about this yesterday. Basically, blockchain "Smart Contracts" are the new Junk Bonds of the 80's, now with Carbon Scam goodness baked right in. . https://www.youtube.com/watch?v=_trBBunj2WI
The minted rewards aren't as necessary, as the value of bitcoin is higher than before. It's very simple.
