rudiger

The mining community cannot change how Bitcoin works. Even if 100% of miners were to change their validation logic to accept more than 21 million bitcoins, none of the nodes running the Bitcoin software will accept the change. Bitcoin is governed by the nodes running the software, not by the source code.

The Black–Scholes equation is basically identical to the heat equation. Divide through by σ^2 and let n = σ^2 * (T - t) if you want to derive it.

The description of the 2016 DAO event isn't entirely accurate. Given the huge sums involved ($18 billion at current prices), hopefully the real story will be reported one day.

From the article: If Bitcoin's market capitalization were to match that of gold, it would be worth over $500,000 a coin. This is why some investors are so bullish on Bitcoin.

Perhaps it's more accurate to say that investors are increasingly bearish on the dollar.

Bitcoin breaking through $12,300 USD is an extremely bullish indicator: a perfect 61.8% Fibonacci retracement of the Dec 2017 all-time high.

As Warren Buffett wrote in his 1985 letter to the shareholders of Berkshire Hathaway: "What could be more advantageous in an intellectual contest—whether it be bridge, chess, or stock selection—than to have opponents who have been taught that thinking is a waste of energy?"