Read_441 - Bitcoin, A Novel Economic Institution by ARKinvest [Part 2]
"Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local, and inconsistent to automated, global, and predictable." - Yassine Elmandjra
Finishing out the great investment thesis on Bitcoin by Yassine from ARKinvest. Now the we have broken down the 4 critical economic assurances for prosperity and how the trust-based model has failed to deliver them... how does Bitcoin compare as a financial institution? Does it truly provide these assurances in a unique way, and how strong are they?
Today's read is the second half of Bitcoin: A Novel Economic Institution:
Link to the full paper - https://ark-invest.com/white-papers/bitcoin-part-one/
Get a head start on Part 2 by going to the ARKinvest site below:
https://ark-invest.com/white-papers/
Another great piece by Yassine covered on the show,
Winner Takes All, or Winner Takes Most? - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_204---Winner-Takes-All--or-Winner-Takes-Most--Misir-Mahmudov--Yassine-Elmandjra-e30vht