Economics
The puzzle of the double hash
There is a long-standing puzzle within Bitcoin that has not yet been solved correctly: why did I use a double
Decentralised or just inefficient?
Let us do a little thought experiment. Later in the year, I’ll be talking about a way of doing serialised
The “Perfect” Firewall….
Security is a story of economics. It is about risk. In my time in the industry, I’ve worked for a
We don’t want to lead with “anonymous”
One thing I’ve learnt during my time with Bitcoin is how important it is to choose your words carefully. Privacy
Bitcoin is not against banks
Forget the lies you have been told about Bitcoin. Bitcoin doesn’t stop banking, it doesn’t even stop central banks. In
Patent wars…
Blockstream raised USD60 million on the promise of 2 patents. The patents are: Cryptographically concealing amounts transacted on a ledger
Forget anonymity
The Fifth Anti-Money Laundering Directive (“MLD5”) was published in the Official Journal of the EU on 19th June, 2018, and
Satoshi Nakamoto
Satoshi Nakamoto is an amalgamation of 富永 仲基 (Tominaga Nakamoto) and Ash Ketchum (サトシ; Satoshi). The name wasn’t something that
Decentralised planning
Governments cannot take into account wide-scale effects. You may ask why central planning always fails. No person, department, or other
Peer-to-peer digital electronic cash
Bitcoin is not a cryptocurrency. Too many people get it wrong. As the white paper explains, Bitcoin is a peer-to-peer
Why Lightning will never be currency, and why BSV matters
Under the provisions of FinCEN, any exchange accepting and transmitting virtual currency is a money transmitter [1]. The law is
The labour fallacy of mining
I have noted a good number of people hold on to the same common fallacy as was promoted by Marx.