# The $quid – CryptoCurrency and BlockChain
## Abstract
_10 years after BitCoins “whitepaper”, the BlockChain and crypto
currencies are a big hype. Time to look at the results of the
experiment, see what failed and what works, check the consequences for
society, and propose improvements._
_BitCoin's technology has three problems which need to be fixed:_
* _The unfair distribution of coins_
* _The energy consumption of proof of work_
* _The non-scaleable replicated, but not partitioned ledger_
The lightning network tries to address the last point, by doing transactions
off-chain.
## Subtopic List
* [Bullshit Bingo Sheet](squid-bingo.md)
* [Purpose & History of Currencies](squid-money.md)
* [Proof of What?](squid-pow.md)
* [Speculation Objects?](squid-speculation.md)
* [SwapDragonChain](squid-chain.md)
* [Ethical Mining](squid-mining.md)
* [The Decentral Bank](squid-fed.md)
* [Dumb Contracts](squid-contracts.md)
* [Appendix: Literature](squid-literature.md)
### Share and enjoy!
_Note: I want to point out that a service-oriented business model for free
software works, but inevitably pushes the companies into a business model,
where only the complaint department makes money. If you don't want to stick
your head into a pig due to the depressive AI of the useless Sirius
Cypernetics Corporation products you got, make sure that there is a business
model for creating good, easy to use, and cheap to maintain software._
Incentives matter. Economy is all about game theory.