November 2018
Why I troll
I should not troll on Twitter, but I do enjoy it. There is, more importantly, a reason why I troll. [...]
Valuing systems — the margin of substitute goods.
In order to value a cryptocurrency, we need to start with what it really is and what a substitute good [...]
Bitcoin Is for Business
The goal of Bitcoin is to be cash, but there is only one way to achieve this. Bitcoin must be [...]
Commodity and security
Bitcoin is a commodity based on the exchange of a tokenised security issued as a payment to the “miners” or [...]
Taking care of Business.
Going forward we will start to open up and allow business use of the Bitcoin blockchain. Bitcoin scales, and we [...]
Present Liability Schemes and Sanctions
The actor with the best capability to thwart most forms of internet-related misconduct is the primary malfeasor. The release of [...]
The hardware wallet in a phone
There is a rather simple means to have a secure hardware wallet, and it works far better than Ledger or [...]
Set in Stone
Bitcoin was designed from the start to be a form of stable money, that is: it has a set amount, [...]
Proof of State, or, the new Fed
The thing that few see is that we already have proof-of-stake (PoS). The US Federal Reserve is a prime example [...]
Miners and Property rights
In this post I will offer a little advice for the legally clueless. A few ABC developers are arguing that [...]
Problems and key questions around Bitcoin
The first problem to be addressed concerns the nature of lawful money. In the United States, the Stamp Payments Act [...]
Sustaining Hash
Many out there such as the developers in ABC want you to believe that a burst of hash matters. It [...]