Bitcoin bites the bullet

Some of its most puzzling tradeoffs explained

Nic Carter
Jun 19, 2019 · 16 min read
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Managed/unmanaged exchange rates

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The ‘impossible trinity’ of monetary economics
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Uncapped/capped supply

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Frequent/infrequent hard forks

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Discretionary/nondiscretionary monetary policy

The more constraints one imposes, the more one frees one’s self. And the arbitrariness of the constraint serves only to obtain precision of execution.

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Unbounded/bounded block space

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Bytes transmitted on chain per day in Bitcoin (red) vs BSV (orange). Coinmetrics
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Slide from my talk at the MIT Bitcoin Expo: video here
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Daily fees (USD) paid to miners for a variety of top blockchains. Coinmetrics
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