Money and State
Money and State
"Give me control of a nation's money, and I care not who makes its laws."

Blockchain

3 posts
The True Cost of Bitcoin Transactions

It seems the Bitcoin community is not correctly tallying the true cost of Bitcoin transactions. The belief is that Cost = Miner Fee. We’ll show why this is wrong, but the fee is of course part of the cost, so let’s examine it first… Fees are currently averaging in the range of $0.30 to $1.00 per transaction. Here’s an anecdotal sample as I’m writing this: Block #451871   $1,287 in fees...

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It’s All About the Blockchain

Blockchain is so hot right now. 2015 was the year the narrative changed. Bitcoin is out, blockchain is in. Attend any financial conference and you'll hear panels about the brilliance of private distributed ledgers. Private blockchain initiatives like R3 CEV have attracted over 25 of the world's top banks to participate. Airports everywhere are displaying Bloomberg Markets' recent cover story, featuring Wall St. tour-de-force Blythe Masters sitting elegantly behind a...

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