Trying to understand bitcoins

In a¬†2008 paper, a Japanese programmer, Satoshi Nakamoto, introduced an alternate form of currency that he called¬†bitcoins. His justifications were the problems plaguing contemporary digital commerce. In Nakamoto’s words: “Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction […]

Bohr and the breakaway from classical mechanics

One hundred years ago, Niels Bohr developed the Bohr model of the atom, where electrons go around a nucleus at the center like planets in the Solar System. The model and its implications brought a lot of clarity to the field of physics at a time when physicists didn’t know what was inside an atom, […]

Bohr and the breakaway from classical mechanics

One hundred years ago, Niels Bohr developed the Bohr model of the atom, where electrons go around a nucleus at the centre like planets in the Solar System. The model and its implications brought a lot of clarity to the field of physics at a time when physicists didn’t know what was inside an atom, […]

Choices.

The Verge paid Paul Miller to stay away from the internet for a year. We have this urge to think of the internet as something that wasn’t produced by human agency, like an alien sewerage network whose filth has infected us and our lives to the point of disease. If someone has problems and they […]

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