Open systems by their very nature have a cost. Anything that has a cost needs a fair price to be managed in a decentralized way. Bitcoin provides a fair price. Open systems to be fair and decentralized in the long run need Bitcoin.…...

Luther institutionalized decentralized faith. Nakamoto institutionalized decentralized money.…...

Every #AI process will need its own wallet.…...

New Directions in Cryptography…...

Albert O. Hirschman’s Exit, Voice, and Loyalty model (1970) is a framework for understanding how individuals respond to dissatisfaction within organizations, firms, or states. It explains three main options available when members or customers perceive a decline in quality, performance, or satisfaction: 1. Exit • Individuals leave the organization, stop…...