This guy is a great writer! And to write for Forbes.com — what an honor!
Anyhow Kosner, this article is actually pretty interesting, and goes into some finer points on the necessities of Bitcoin and the Blockchain, but fails to recognize the “hoarding” mentality that will be realized when people see the supply shortage starts to be realized as the Miner’s work themselves into the tail-end of the supply chain.
Question To The Bitcoin Community: After each equation is solved and a bitcoin is harvested, do a small percentage of all the commissions on the transactions get fed back into the blockpool?
Grade: A
