Tamas Blummer – Medium

Tamas Blummer

Tamas Blummer

How central banking breaks down

People work on trading desks at big banks are smart predators. They were trained to spot opportunities. An obvious opportunity is when a…

4 min readDec 16, 2019

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How central banking breaks down

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Tamas Blummer

What fee would be fair?

The driver of fees is scarcity of block space. There is an other scarce resource we should also price in, the use of UTXO.

2 min readOct 14, 2019

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Tamas Blummer

Who pays the miner?

No doubt that miner work for profit, but who pays for it?

3 min readOct 14, 2019

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Tamas Blummer

Bitcoin’s storage cost

Storing wealth in bitcoin is not for free. That cost is traditionally called carry for other assets and is easily quantifiable for bitcoin…

3 min readOct 13, 2019

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Bitcoin’s storage cost

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Tamas Blummer

Bitcoin Embedded Property Chains

There were many attempts to re-purpose Bitcoin’s secure transfer mechanism of its own units to transfer property rights. I present a new…

4 min readJun 29, 2019

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Bitcoin Embedded Property Chains

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Tamas Blummer

Full Reserve Banking with Bitcoin

Unchecked inflation of money supply through fractional reserve is creating a mess in the world we live in. Bitcoin could overcome this…

5 min readJun 28, 2019

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Full Reserve Banking with Bitcoin

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Tamas Blummer

How to suppress Bitcoin’s price?

Those regularly bullying markets might want to know.

3 min readJun 25, 2019

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How to suppress Bitcoin’s price?

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Tamas Blummer

What if Libra is a success?

Let’s assume Libra works as a technology and people love it. What would it do to financial markets?

4 min readJun 20, 2019

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Tamas Blummer

There Can Be Only One

Network effect is a weak argument for Bitcoin’s value. There is a stronger one: There can only be one definition of time with computation.

4 min readJun 18, 2019

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There Can Be Only One

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Tamas Blummer

A take on Bitcoin’s Gini coefficient

Gini coefficient is the popular measure of inequality, that I attempt to estimate it for Bitcoin with a simple approach.

2 min readJun 5, 2019

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A take on Bitcoin’s Gini coefficient

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Tamas Blummer

Tamas Blummer

Independent, Bitcoin Developer since 2012, Former: CLA @ Digital Asset Holdings, VP @ CoinTerra, CEO @ Bits of Proof, Engineer, Financial Risk Manager.

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