Hard to believe that one day I'll sleep through the night without my two or four year old waking me up... Crazy

_Good Morning_\ ☕ 📖 🌞 # Cryptoeconomics **by [Erik Voskuil](https://github.com/evoskuil).**\ **The book can be found on [GitHub](

GitHub

Home

Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.

### Byproduct Mining Fallacy - **Theory of Reduced Consumption**: Suggests mining with unmarketable energy byproducts (e.g., unused natural gas) reduces net energy use. - **Market Dynamics**: Competition for byproducts increases their price, eliminating the initial cost advantage. - **Increased Consumption**: Lower mining costs lead to more mining, increasing hash rate and thus energy consumption. - **Market Energy Supply**: Monetizing waste increases marketable energy supply without raising production costs, potentially lowering market energy prices. - **Production Expansion**: Lower energy prices might expand production, maintaining price stability. - **Invalidation**: Theory fails as it doesn't reduce overall energy consumption; however, it might increase wealth through more efficient resource use. The rest of the summarized chapters are at

A Blog by Expatriotic

A Blog by Expatriotic

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Yes I witnessed block 888888. Because I'm a masochist. 30 minutes looking at a screen.

### Preamble **This is the beginning of a series of posts. The first of seven. You need tools for opting out of the fiat world.** `Below is the ranking of choices one should consider when getting ready to buy something.` - Avoid using dollars, banks, VISA. - Pay in cash to avoid supporting companies like VISA - Use one of the following companies to help one acquire gift cards and prepaid cards: 1. The Bitcoin Company 2. Bitrefill 3. Cake Pay 4. Coincards 5. COINSBEE 6. Stealths 7. Trocador Recommendations: - Avoid using apps when possible and use a privacy preserving browser instead. - Tor Browser - Librewolf/IronFox/Vanadium/Brave/Mullvad + VPN - Use a pseudonym rather than your real name. - Use a unique or disposable email rather than your doxxed email address. - DO NOT give out your home address but rather use a PO Box if you need to take delivery of a physical prepaid VISA card. **The Bitcoin Company** >*The Bitcoin Company is a company built by Bitcoiners, for everyone. Bitcoin, for everyone.* >*The Bitcoin Company will help you earn, spend, save, send, buy, and sell bitcoin, all in one place. We are building a simple, private, and easy to use app with all the traditional financial tools you have come to expect from your bank (with none of the headaches), but with Bitcoin at it’s core.* [...continue reading](https://expatriotic.me/the-bitcoin-company/)

_Good Morning_\ ☕ 📖 🌞 # Cryptoeconomics **by [Erik Voskuil](https://github.com/evoskuil).**\ **The book can be found on [GitHub](

GitHub

Home

Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.

### Brand Arrogation _**Arrogation** refers to the act of claiming or seizing something without justification or right, often in an authoritative or presumptuous manner._ - **Conceptual Nature**: Bitcoin is a set of concepts, not a specific chain; no one can control these concepts. - **Evolution**: People will use 'Bitcoin' to describe various chains and splits as they evolve, similar to other commodities like gold or oil. - **Declaration**: Bitcoin binds concepts, not rules, protocols, or implementations. - **Brand Association**: Investors desire brand association, but there's no legitimate claim to the 'Bitcoin' brand. The rest of the summarized chapters are at

A Blog by Expatriotic

A Blog by Expatriotic

...

_Good Morning_\ ☕ 📖 🌞 # Cryptoeconomics **by [Erik Voskuil](https://github.com/evoskuil).**\ **The book can be found on [GitHub](

GitHub

Home

Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.

### Blockchain Fallacy - **Theory of Immutable Claims**: Suggests property ownership can be secured through immutable claim-keeping, protecting against loss and custodial risk. - **Custodian Control**: Property control remains with the custodian; claims are enforced by the claim holder, not inherently secure. - **Claim Loss**: Immutable claim-keeping doesn't prevent loss; owners must still secure proof of ownership. - **Storage Efficiency**: References to claims can reduce storage costs, but validation and execution still depend on additional data. - **Human Security**: Security ultimately relies on people, not technology, as shown by the Risk Sharing Principle. - **Custodial Vulnerability**: Immutable claims don't protect against custodian attacks or state interference. - **Non-Custodial Nature of Bitcoin**: Bitcoin is traded directly, with merchants acting as value custodians. - **Misconception of Security**: The fallacy arises from misunderstanding Bitcoin's security model, attributing it to technology rather than merchant distribution. - **Misleading Term**: "Blockchain technology" wrongly suggests security comes from data structure, not from broader economic factors. The rest of the summarized chapters are at

A Blog by Expatriotic

A Blog by Expatriotic

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Getting cracking on making a blog post about the use of gift cards and prepaid visa cards with bitcoin/monero. Did I miss any important sites/services? - bitrefill.com - @The Bitcoin Company - coinbees.com - bitpay.com/gift-cards - @Coincards.com FYI: I'm not a fan of anyone that forces you to use an app or extension. Or forces you to make an account. Or doesn't have #monero as a payment option. And most of the #privacy policies and terms of service pages are horrendous.

_Good Morning_\ ☕ 📖 🌞 # Cryptoeconomics **by [Erik Voskuil](https://github.com/evoskuil).**\ **The book can be found on [GitHub](

GitHub

Home

Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.

### Bitcoin Labels - **Ambiguous Definition**: Bitcoin's definition is unclear due to its multiple uses since inception. - **Original Usage**: Coined by Satoshi for concepts in "Bitcoin: A Peer-to-Peer Electronic Cash System". - **Multiple Contexts**: Used for the implementation, transaction chain, consensus rules, coin unit, and community. - **Variations**: Multiple implementations, consensus rules, and dynamic histories exist, making 'Bitcoin' label broad. - **Labeling Convention**: Used here for Cryptodynamic Principles; implementations by brand (e.g., Bitcoin Core, Libbitcoin), chains by trading symbols (e.g., BTC, LTC), consensus rules by chain symbol, coin units in lowercase (e.g., btc, ltc), communities by general or specific terms. - **Maximalist View**: Some maximalists associate Bitcoin with a specific history, but it was originally linked to principles. - **Ambiguity Resolution**: Trading symbols resolve ambiguity when referring to different chains or histories. The rest of the summarized chapters are at

A Blog by Expatriotic

A Blog by Expatriotic

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