Silicon Valley Bank and the Double-Spend Problem
読了時間: 4 分 Unless you’ve been living under a rock, you’ve probably heard about what happened with Silicon Valley Bank (SVB). I don’t want to bore you regurgitating everything that went down, but what I want to do instead is try and figure out how we got ourselves into this mess to begin with. First, let’s try to understand why we need banks at all. When we deal with physical dollars, the main concern is the potential for counterfeit bills to enter the money supply. When you’re dealing with digital dollars, you’re faced with the same problem but with a different solution. With physical currencies, the solution is to make them hard to […]