Let’s remember, Bitcoin is the exit option (after USD and BRICS) Jan 2 editorial excerpt from South China Morning Post.… Tim Bouma Jan 2, 2025, 12:13 PM
Global atomic transfer functions: Rights transfer (i.e., money) Risk transfer (i.e., insurance)… Tim Bouma Jan 1, 2025, 6:59 PM
Causality, Unpredictability, Coordination. Marvelling on the genius who brought all together.… Tim Bouma Jan 1, 2025, 2:25 PM
Assets = Liabilities + Equity That was the equation that changed the financial world in the 15th century. The A=L+E equation forced integrity of transactions where the equality must hold, in that debits must always equal credits. A=L+E also gave rise to the concept of a balance sheet, Tim Bouma Jan 1, 2025, 2:16 PM
The Stone Ridge Investor Letter is a real banger. Excellent description of Satoshi’s invention, below.… Tim Bouma Jan 1, 2025, 12:23 PM
