Pennycade's comments

Pennycade | 3 years ago | on: Do central banks’ mounting losses actually matter?

The BoE is independent (in theory) from the government. If the bonds that BoE own go to zero, their entries are effectively just deleted from the database. In the same way that an increase in the number of £ in the database doesn't increase the government's deficit.

It's a very simple concept but can have psychological hurdle to overcome, given the simplicity of it and implications once internalised.

Analogy .. BoE has root admin access to the database of £. Government does not, has read only access.

Pennycade | 3 years ago | on: Diablo 1 for Web Browsers

What's the trick?

Pennycade | 4 years ago | on: All Bitcoin private keys are on this website

What effect would this have on transaction fees, has this been modelled somewhere?

Pennycade | 4 years ago | on: Keep Your Identity Small (2009)

The link to the Ledger article in the essay (linked from the word "others") is broken :(

Pennycade | 13 years ago | on: Review our startup Farmly.net - buy fresh food in the UK

http://www.abelandcole.co.uk/