Do you believe you know anything about Bitcoin and Austrian Economics?
If so, you may be ready for Cryptoeconomics. This is not a work for the uninitiated. The information is dense and does not repeat itself. It is not a contribution to the echo chamber, and it will not teach you how to set up a wallet, the future price, or what to do.
Cryptoeconomics applies rational economic concepts to Bitcoin, exposing weaknesses and unneeded complications in it and in popular understandings of Bitcoin. It will help you comprehend both. Bitcoin necessitates a new, rigorous, and complete discipline. This is it.
Bitcoin is a novel concept. It seems to be beyond comprehension. Is there ever a time when money had a limited supply? Is there another example of manufacturing costs changing directly with product price? Is there anything else with a competitive yet set rate of transactability? This may be your sole source for seeing beyond the hoopla and understanding the value proposition, security model, and economic behavior.
Bitcoin is about economics, technology, and security. Errors will occur if all of these components are not considered. Economists, engineers, security professionals, and even numerologists have sought to explain it. Each gives a restricted viewpoint that overlooks important features. The author found himself in a unique position to merge them.
His involvement with Bitcoin started with the purchase of a hardware wallet. He spent a year evaluating dangers and collaborating with specialists in electronics design, hardware exploitation, and governmental monitoring. He picked the Lib bitcoin software bookshop since Satoshi's prototype was not considered for development and was mostly funded by the Bitcoin Foundation, a business consortium. He then committed himself to Libbitcoin, ultimately developing or revising all 500,000 lines of code. Few people have similar expertise with such a full Bitcoin stack.
He faced state threats as a combat-experienced fighter pilot in the United States Navy. He advanced to the rank of Strike Fighter Tactics Instructor, where he was primarily responsible for tactics analysis and threat presentation. He also assisted the Navy on the Strike Fighter Training System network, the Joint Strike Fighter, early GPS munitions, and F/A-18 systems. His grasp of the physical basis of all security was heightened by decades of training in Japanese martial arts, where he achieved black belt grades in five disciplines.
His degree and skills in computer science were combined with substantial business knowledge, which he gained by launching multiple firms. He has worked for IBM and Microsoft, two of the world's greatest corporations. The latter bought his first company, while Veritas Capital acquired his second. He was granted three related US patents. He eventually became an angel investor, sharing his knowledge with new startups.
As CTO of his first business, he issued three computer security alerts via the Computer Emergency Response Team. Each was fully developed from his perusal of user manuals. For his efforts on software patching, he later won a place on the DHS Open Vulnerability Assessment Language advisory board. In recent years, he discovered substantial security issues in each of the first three incarnations of a popular "secure element" hardware wallet via an examination of user documentation.
Thirty years of self-study in free market economics were supplemented by significant worldwide travel. He has engaged with individuals from five continents throughout his visits to over 80 countries. He still travels on a motorbike with just a shoulder bag, gaining an intimate insight of global economic realities. From Zimbabwean black market currency dealers to Tanzanian coffee pickers, Venezuelan exiles, Mongolian shepherds, Okinawan jazz artists, Lao monks, and others - the globe is seld
