A classic piece by Michael Goldstein, originally published on the Satoshi Nakamoto institute website. The Satoshi Nakamoto Institute is eager to share with the world the best ideas past, present, and future in cryptography, distributed networks, economic freedom, and freedom of information. Their mission is to curate the best primary source literature that challenges the status quo through technological innovation.
This 2014 piece covers the incentives of merchants, investment peddlers, hoarders, and bitcoiners alike. Everyone is a scammer discusses how everyone is driven by their own incentives. There is a war going on for your bitcoins, and willpower is your only defense. There are endless hacks, scams and thefts around Bitcoin. Brute force can not take your bitcoin, but through market forces, everyone is trying to take your bitcoins. Now more than ever this is ringing true.
Voltage & Guy Swann collaborate together to bring this rare and original piece of bitcoin history into a physical format. All proceeds will be donated to Bitcoin and Lightning Network open-source development. Crowdfund and help bring this piece of history to life.
Read the original writing here: https://nakamotoinstitute.org/mempool/everyones-a-scammer/
A classic piece by Michael Goldstein, originally published on the Satoshi Nakamoto institute website. The Satoshi Nakamoto Institute is eager to share with the world the best ideas past, present, and future in cryptography, distributed networks, economic freedom, and freedom of information. Their mission is to curate the best primary source literature that challenges the status quo through technological innovation.
This 2014 piece covers the incentives of merchants, investment peddlers, hoarders, and bitcoiners alike. Everyone is a scammer discusses how everyone is driven by their own incentives. There is a war going on for your bitcoins, and willpower is your only defense. There are endless hacks, scams and thefts around Bitcoin. Brute force can not take your bitcoin, but through market forces, everyone is trying to take your bitcoins. Now more than ever this is ringing true.
Voltage & Guy Swann collaborate together to bring this rare and original piece of bitcoin history into a physical format. All proceeds will be donated to Bitcoin and Lightning Network open-source development. Crowdfund and help bring this piece of history to life.
Read the original writing here: https://nakamotoinstitute.org/mempool/everyones-a-scammer/
Comments