Comedian John Oliver once quipped that cryptocurrencies like Bitcoin are, “everything you don’t understand about money combined with everything you don’t understand about computers.” And while this description is surprisingly well put, the truth is that much of what’s “under the hood” of Bitcoin is premised on economic first principles and maxims that have existed…

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Bitcoin Compensation Compliance

This post originally appeared in Bitcoin Magazine. Far from its humble origins on the cypherpunk list server, Bitcoin now captures the attention of the general public on a seemingly daily basis. Prominent news outlets, once waffling between indifference and hostility, regularly feature the trailblazing cryptocurrency as part of their coverage of the global financial landscape.…

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