Adventures and fascinations of Matt Pāz
Bitcoin just keeps getting more efficient and secure.
Individual bitcoin miners commonly pool their mining resources with other miners to earn a more stable stream of income. Instead of mining a block infrequently on their own, they instead earn a pro rata share of the mining revenue of the entire mining pool that they contribute their hash power to.… Read more
Here is a quick read written by Dan Held and Conner Brown that resonated with me. It’s a short read filled with simple ideas, so I don’t need to try and explain or add anything, but here’s a couple quotes that I especially liked:
… Read moreBitcoin Minimalism is about finding truth in yourself and your beliefs rather than in material possessions.
One more post on the stock-to-flow model since I think it’s a big deal, and then I’ll leave it alone until we have more data after the next block reward halving.
Here we have a pair of articles by Marcel Burger, another quant, that reviews PlanB’s stock-to-flow model, as featured two posts ago.… Read more
Piggybacking on yesterday’s post, here is a follow up by another anonymous quant, Nick. The title of the article is a little misleading, but makes sense given his method for scientific discover, Falsifiability:
… Read moreAccording to the great modern scientific philosopher Karl Popper, testing a hypothesis for an incorrect outcome is the only reliable way to add weight to the argument that it is correct¹.
I realized I have never posted about the seminal Stock-to-Flow modeling done by PlanB earlier this year. This is content that is simply MUST READ for anyone interested in Bitcoin.
In this paper, PlanB quantifies Bitcoin’s scarcity using stock-to-flow, and then uses stock-to-flow to model bitcoin’s value.… Read more