The Bitcoin Standard refers to a theoretical monetary system where Bitcoin serves as the primary global reserve currency. Under this framework, all other currencies and assets would be valued relative to Bitcoin. It posits a decentralized, deflationary alternative to current fiat-based systems. This concept suggests a shift towards a fixed supply monetary policy.
Context
Discussion around the Bitcoin Standard is prominent in libertarian economic discourse and among staunch Bitcoin proponents. News often covers arguments regarding its feasibility, potential economic effects, and comparisons to the historical gold standard. Skeptics point to Bitcoin’s price volatility and scalability challenges as significant obstacles to its implementation.
This research introduces Proof-of-Transit Timestamping, a novel cryptographic primitive enabling tamper-evident audit trails for Bitcoin across high-latency, intermittently-connected interplanetary links.
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