AI, Bitcoin and Gresham's Law
Absent government controls, people will always prefer to use hard rather than soft money.
Read freely
Explore 94 pieces of timechain fiction, economics, and freedom published by Konsensus.
Bitcoin and germs, or how central banks practice economic phlebotomy
William Harvey demonstrated blood circulation in the 1620s, demolishing ancient knowledge.
The Eternal Beauty of Proof-of-Work
Money is gold, everything else is credit -- John Pierpont Morgan, 1912.
Panama One
Ricardo Castillo climbed the last few steps to the observation deck of Panama Four.
The Last Mugging
Fraser Carver, 23, of Toronto, was sentenced today to five years for his 2072 mugging.
The Fable of the Tyrant Alchemist
First, the quiet came. Each day, the markets grew quieter, the people hungrier.
The Bitcoin Overlay
In a dystopian future, a man caught between two worlds must help guide those on the fringes.
The Dao of Bitcoin: Towards a Cosmology of Energy Money
For money to have meaning it needs to have a relationship to energy.
Satoshi's Ghost
The bright orange of the box-like machine emits a glow that draws them both.
Is the counterfeiter a criminal or a hero?
In a system where money is no longer backed by tangible assets, counterfeiting is everywhere.
Lowery Station Terminal
I don't know about saints, but the saving part is real — not in a biblical way.
A matter of survival
One early December morning, Dad came home with a triumphant grin. We're moving to Sabina!
The Ballad of Sir Coinalot and the slaying of Inflarion
In a far off land of knights and knaves, a lowly peasant tilled the soil.
The US of A 2120
It's amazing how effective the government can get when taxation becomes voluntary.
Decoding Bitcoin: A Journey Through its Metaphors and Mechanisms
How do we explain Bitcoin? With metaphors. Lots and lots of them. We’re already about a decade and a half into the life of Bitcoin and…
Savings Technology
Introduction Bitcoin is often portrayed in mainstream media as a payment system. In my opinion, this is a misrepresentation of Bitcoin's essence. Satoshi Nakamoto indeed gifted…
Inception
Bitcoin and stories are much alike. They can be described in powerful simplicity or astonishing complexity. Both are unique developments in human history and feed our…
Usury, Your Bank, And You.
Mainstream economics still pushes the belief that inflation occurs when demand outstrips supply.
King Henry VIII's inflation scheme
With inflation consistently in the news, let's explore a well-documented case of currency debasement.
Harnessing Computing Operations To Curb Wasted Resources
Bitcoin miners are the dung beetles of the energy world — the ultimate waste reduction tool.
Bitcoin, the Barrow Scale, and a Great Future
Before conquering Mars, we need to conquer outer space.
The Elusive Illusion of Bitcoin Scarcity
Most people prefer custodial convenience over personal responsibility. And that's fine.
Unstoppamoney: The Internet's Heroic Journey to Peer-to-Peer Commerce
I've been a denizen of the online world since 1995, a time when the internet was still a novelty, and the possibilities it held seemed boundless…
The Importance of Wielding Bitcoin: Empowerment Through Action
Beyond bitcoin's status as investment, there's a compelling argument for actively wielding it.