[cryptodogemoon]

For such an extensive academic course it's interesting the economic model of Satoshis mining algorithm isn't explained.

Satoshi used a production model that produced the most amount of coins for the lowest amount of work/capital input, to reward the smallest user group.

Satoshi could just as easily have used a linear growth model knowing more users and more hash power should match the production output. Instead, Satoshis algorithm exploits new users.

Old users than have incentive to manipulate new users and psychologically propagate the myth of rarity when in fact the abundance of the supply was taken early easily and users are attempting to sell for more capital than it takes to acquire or produce, often simply by hording these low effort counts coins.

ecash should not exploit new users.

New cryptocash systems can easily be started.