that's quite a read; do you have a cliff notes version?
i'll try to digest it over the md weekend -- look forward to discussing
Check out the 4th post and see if that helps. The money supply is intended to expand when the people deem it necessary, and do so without using much energy, while also retaining bulletproof security and using an insignificant amount of energy when no new money is necessary.
read the post and it sounds sweet-as-hell, but i still don't get it
there is just soooo much to read; i promise i'm not lazy, i'm just incredibly busy
perhaps some pictures would help summarize the details?
e.g.
http://thumbnails.visually.netdna-cdn.com/bitcoin-infographic_5029189c9cbaf.jpg