One and a half years ago, Superblog readers were presented with an investment opportunity that is worth 25 times more today in dollar terms. What is ether? What is the source of its value? How is it better and different than bitcoin? How did we get here and what can we expect for the future? These are the questions I am attempting to answer below.
Satoshi Nakamoto published his theoretical white paper explaining the mechanism of the bitcoin in October 2008. Although the paper is only 9 pages long, it describes one of the most significant inventions in recent years, the blockchain technology responsible for the authentic clearing of bitcoin transactions.
I have good news for the reader: I have solved the problem of financing pensions in ageing societies. The plan requires a minimum of one-time precautionary saving. Let’s save a single dollar for pensioners of the future! Even today’s stressed Hungarian budget will accommodate this. Let’s keep the money in a risk-free, interest bearing investment until the interest earned on the collected amount is sufficient for the continuous payment of pensions.