Description: The latest entries posted on vonhulewicz
Bitcoin is extreme at optimizing very specific parts of its crypto-economic system. BTC the asset is prioritized above all other components. Bitcoin is designed to preserve the 21 Million hard cap supply of BTC , and everything else is a means to produce this end. From the perspective of a holistic, integrated system design of both an economic engine and monetary fuel, Bitcoin has sacrificed the efficiency of its engine to produce scarcity in the asset.
But crypto-economic systems are composed systems, and as with all technological innovations, there have been 12 years of crypto-economic research and development to leverage. Leveraging these advances in crypto-economics means that we can elaborate and explore narratives beyong a ‘ Gold 2.0’ and move into mind-bending sci-fi economics using optimizations in both cryptography and digital economies.
The big deal that is Proof of Stake