What Are Cryptocurrencies, Anyway?

  There have been digital currencies like BitGold and digital payment systems like Paypal before. What makes cryptocurrencies so special? In fact, they aren’t really special except for two things. First, literally anyone can use them without needing a photo ID or a bank account. If you can carry a paper wallet in your pocket … [Read more…]

Why Not Just Use Banks?

I know what you’re probably thinking. With all the problems and highly technical solutions in the last chapter, why can’t future space colonies just establish a common banking system? It would almost be easier than agreeing on which cryptocurrency to use. This is ignoring the idea that colonies that wish to participate in trade don’t … [Read more…]