Category: Paradox
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The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy
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Early in our thinking about the interaction between bitcoin and energy it became obvious to me that the value of bitcoin was fundamentally underpinned by the amount of energy that went into producing the bitcoin. As with any free market system, the value of a widget (in this case bitcoin)…
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The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy
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Early in our thinking about the interaction between bitcoin and energy it became obvious to me that the value of bitcoin was fundamentally underpinned by the amount of energy that went into producing the bitcoin. As with any free market system, the value of a widget (in this case bitcoin)…
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Explaining Israel’s housing market paradox
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The least significant element in the CBS housing price figures is the annual rise between July-August 2023 and July-August 2024, the most recent period for which data is available. In that year, housing prices rose by 5.8%. But the Israeli real estate market after November of last year is not…
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Formula 1’s Selective Morality: The Flavio Briatore Paradox
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When Flavio Briatore was fired from Formula 1 in 2009 for his role in the notorious “Crashgate” scandal, it seemed as if a clear message had been sent: the sport would not tolerate actions that threatened the safety and integrity of its competitions. Briatore’s orchestration of Nelson Piquet Jr.’s deliberate…
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The Bitcoin Ponzi Scheme Paradox
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“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online…