A free market protocol refers to a decentralized set of rules or standards that enables peer-to-peer interactions, exchanges, and transactions without the need for centralized control or intermediaries. It provides the framework for participants to engage in open, transparent, and voluntary market activities. Key Characteristics of a Free… Tim Bouma Nov 30, 2024, 1:47 PM
An economist, a cryptographer, and a JavaScript developer walk into a bar. The economist orders a drink and says, “I’ll pay when the market reaches equilibrium.” The cryptographer orders next, saying, “I’ll only pay if the transaction is encrypted end-to-end.” Finally, the JavaScript developer tries to… Tim Bouma Nov 30, 2024, 1:12 PM
Central banks are not supposed to be political. Here, they were overtly political. It just goes to show, as Walter Bagehot pointed out 150 years that central banks are inherently conflicted in their mandate.… Tim Bouma Nov 30, 2024, 1:07 PM
nostr Watching how BlueSky seems to be taking off, and yes, it will likely run into the same issue as Twitter, I am seeing #nostr not as a direct competitor but rather as an independent publishing and payment protocol. The ability to create and receive payments without permission is nostr’s… Tim Bouma Nov 29, 2024, 6:29 PM
