Bitcoin Is Ariadne

Anyone who accumulated large amounts of wealth while remaining independent of military-political command structures faced the problem of safeguarding what he had gained. Unless a merchant could count on the protection of some formidable man of power, there was nothing to restrain local potentates from seizing his property any time his goods came within reach. To gain effective protection was likely to be costly — so costly as to inhibit large-scale accumulation of private capital.

or maybe they didn’t discover it, but tweeted this anyway. who knows …

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allen farrington

allen farrington

I’m an investor. I think about things. I write some of it down.