Sohn 2018 In Depth Notes: Pfeffer, Mangrove, Einhorn [PDF Of NOTES] – UPDATED

Framing investing as betting makes it seem real and puts the mind in thinking of probabilities and outcomes.  Today two basis points: 1) most mutual assets today currently bad bets and 2) why bitcoin is good bet despite the substantial risk.  This technology is real and significant potential.  The big break through came when called Yakimoto built something to solve cryptocurrency question on how do you prevent it to be spent twice without relying on authority.  His solution was to have independent parties, called miners, to come to the consensus every two minutes, on which were transactions were valid.  It . . .


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