Many people tend to forget one thing today: Fiat money is not as stable as it is perceived – Germany alone has had four different currencies in the last 120 years. In contrast, Bitcoin could offer the stability and assurance that other currencies fail to provide:
Certainly not. The BitcoinReserve has written an interesting take on this here:
Calling for a free market in money is extremely naive and short-sighted because it is exactly the ability to succeed under oppression and regulations that makes a particular form of money good in the first place. This is where Bitcoin shines!
Sven Schnieders dives into the free market (or lack thereof) of money:
So far, rain or shine, Bitcoin has always taken its lumps, dusted itself off, and gone on producing blocks — to the glee of its fans and the astonishment of its detractors:
Lawler Pallooza has written this entertaining and informative piece:
Harold Burger makes broad predictions concerning the long-term future price of bitcoin using the Bitcoin price corridor.
An extensive article explaining the future of Bitcoin mining using fossil fuels.
The future of Bitcoin mining forces us to consider what tradeoffs we are willing to make for the continued growth of the network. Mining blocks in a world with mass Bitcoin adoption will require orders of magnitude more energy than present. There is nothing inherently immoral about that, but it does present a challenge in the pursuit of a multi-trillion dollar market capitalization.
Bitcoin is both digital gold and digital Treasuries, and has all the makings of the world’s next risk-free asset.
Bitcoin works so well that it will threaten the incumbent government-run monopolies on money in which case governments will regulate it out of existence to eliminate the threat.
By considering energy and supply growth, Charles has found an intrinsic link between Bitcoin’s price and its value.
The value of Bitcoin is a function of its energy input in Joules.
You can check out his article here:
Rory Highside has written a fantastic article diving deeper into proof of work with the following topics:
Consensus & The Byzantine Generals Problem.
Proof-of-Work and Competition.
Proof-of-Work economically incentivizes Bitcoin to become the ultimate arbiter of truth.
The symbiotic relationship miners have with Bitcoin.
World Kilowatt Dollars.
Bitcoin Time-Energy Accounting and Thermodynamics.
The Bitcoin Metabolism.
Read his monumental article here: