Archive for November, 2013

Why Bitcoin is Worse Than Cigarettes and the Euro

Say you’re a gang leader and you control a territory. In order to pay your henchmen and enrich yourself, you decide to tax the local population and extract a proportion of all their wealth. Now, they might conduct most of their trade with each other using silver pieces, cigarettes, US Dollars, or bundles of pink […]

Perfection Considered Harmful

People are always making mistakes. People send emails to the wrong person, or forget an attachment. They give you the wrong change at the checkout or bump into you in the street. Every day, people make little mistakes. For the most part we’re quite forgiving of each other. We understand that the other human being […]