Lets Talk About Bitcoin
· ☕ 882 words politics technology · ✍️ Peter Hiltz
Bitcoin is another example of the gig economy - outsourcing business costs to someone else who may or may not recover their costs. In addition, there is the question of its impact on the environment. Let’s spend a minute thinking about what bitcoin really is. Bitcoin is a let’s pretend commodity, limited by contract to 21 million bitcoins. Simplifying greatly, bitcoins are supposed to be a way to exchange value and anonymously with the transaction guaranteed by cryptoanalysis.