Tag: #economics

Summary of ‘Zero to One’, Chapter 4: The ideology of competition

Competition is often destructive and distracting. Wise companies either diverge into new space or merge into a monopoly, rather than imitate each other through competition. 2018-09-16

Why are there 21 million bitcoins?

The 21 million bitcoins limit was chosen to ensure the smallest unit, the satoshi, would have a reasonable value if Bitcoin were the world’s exclusive currency. 2017-09-15

All content copyright James Fisher.