[cryptography] (off-topic) Bitcoin is a repeated lesson in cryptography applications - was "endgame"

James A. Donald jamesd at echeque.com
Sun Feb 26 19:43:33 EST 2012


> See 2011 shareholder letter
>> www.berkshirehathaway.com/letters/2011ltr.pdf

Warren Buffet's argument leads to the conclusion that had Roman in the 
time of Caesar invested a talent in land, or deposited some money with 
the money lenders to earn interest, his descendents would now be worth 
10^67 talents, or about one trillion trillion trillion trillion trillion 
trillion dollars, whereas had he buried a talent of gold in the ground, 
that Roman's descendents would now be worth about one talent, which is a 
few hundred dollars.



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