A Quote by Fred Ehrsam
When the Bitcoin white paper emerged in 2008, it was completely revolutionary. The amount of concepts that had to come together in just the right way - computer science, cryptography, and economic incentives - was astonishing.
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In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
Progress in computer science is made with the distribution of revolutionary software systems and the publication of revolutionary books. We don't need a fancy information system to alert us to these grand events; they will hit us in the face. Another good excuse for ignoring the literature is that, since everyone has strong beliefs about fundamentals but can't support those beliefs rationally or consistently convince non-believers, computer science is actually a religion.
Bitcoin actually has the balance and incentives right, and that is why it is starting to take off.
I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to sell the Bitcoin. I intend to hold it until there's a day where I can just use Bitcoin completely.
What the U.S. does is it continues to print money when the economic situation gets difficult. This is what happened in the last depression during the summer of 2008 when they tried to resolve the economic crisis by printing valueless money. This is the business privilege given to them at the famous conference of Bretton Woods in 1944 when the United States emerged as the superpower after Europe and the rest of the world, mainly Europe, that had collapsed because of the war.
For years, computer scientists were treating operating systems design as sort of an open-reserch issue, when the field's direction had been decided by commercial operations. Computer science has become completely cut off from reality.
It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire.
I chose to deal with the science of cryptography. Cryptography began in mathematics. Codes were developed, even from Caesar's time, based on number theory and mathematical principles. I decided to use those principles and designed a work that is encoded.
I discover poetry when I was in elementary school and I was so fascinated by it. Because I realised if you get the right amount of syllables and the right amount of words, in the right rhyme scheme and you put it all together. You make words just bounce of a page.
Separation and devolution are two completely different concepts which cannot be mixed together. One is not a stop on the way to the other.
Barack Obama is a president who, when he had to deal with the 2008 economic crisis, has led the American economy on a completely different path than the one that Europe has chosen eight years later.
Ever since the economic crisis in 2008, millions of people have accepted cuts in all sorts of things - from real wages and living standards to benefits and hospital care - without any real opposition. The cuts may be right, or they may be stupid - but the astonishing thing is how no-one really challenges them.
I think three weaknesses have emerged for Hillary Clinton in early states.One is young voters. Another is political independents. He`s winning with independents who show up. But the other one - this is the inverse of what we saw in `08 - working-class white voters. In 2008, they stuck with her all the way.
Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
If everybody has to take biology and chemistry, they can take computer science. Computer science is a more useful skill right now than a lot of other things that people are learning at school.
There are people from lots of different fields in my department. In my lab, they come from computer science, education, psychophysics, psychology, music - and we all work together, and it feels very comfortable. All the careers I've had have been interdisciplinary; working in a studio is like being an engineer and a musician and a therapist.
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