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Altcoins Aren't Money, They're Bitcoin's Casino/Laundromat
Altcoins aren’t money in theory or practice. Instead, they represent gambling and/or money-laundering opportunities. One result of this is a confused public dialog about cryptocurrency.(So sorry to...
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The Limits of Blockchain Tech
Putting software “on a blockchain” is an inconvenience, justified only in cases involving a global public ledger. These ledger-cases are likely to be limited to Money, Reputation, and Names. This...
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BitUSD Isn't Worth The Trouble
The BitUSD isn’t very useful, should NOT be worth exactly $1 at all times, and (like all assets) requires fundamental value. Truthcoin might indirectly create BitUSD as a result of the USD’s inability...
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Bitcoin and Deflation, The Last Word
Any e-currency which is peer-to-peer must also be deflationary. Bitcoin, as “Immortal Deflationary”, presents the first real challenge to the established, “Coordinated Inflationary”...
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The Win-Win Blocksize Solution
Leave this lunatic “debate” behind. With a simple (temporary, and optional) sidechain, one can buy a “refund” on unwanted Bitcoin-blocksizes. The prices of these refunds give us unanimously-agreed info...
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Nothing is Cheaper than Proof of Work
So-called “alternatives” to Proof-of-Work “waste” just as much “work”. Intro: Wasted ResourcesI previously wrote a post on proof of work (PoW) and mining. The first half generated great interest but...
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Measuring Decentralization
Bitcoin’s Decentralization increases as a full node becomes cheaper.AgendaBreak down “Decentralization”, and “Money”, to determine, from the ground up, when “Decentralization of Money” increases or...
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Oracles are the Real Smart Contracts
Smart Contracts need Oracles, Oracles need Governance, Governance needs Sidechains. Ethereum cannot support Oracles, and has no use-cases.When Shackles Empower: The Autonomy-Coordination TradeoffSome...
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PSA - Linking to a Blog Section
ProblemOne complaint I get is: “Paul, your blog posts are amazing. You. are, amazing. However, your posts are too long. I feel uncomfortable linking them to my friends because I just want to quote,...
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The Hashing Heart Attack
Special thanks to Marshall Long, Greg Maxwell, Mark Freidenbach, and Adam Back for related discussion.The ProblemThis issue is one which might disable Bitcoin completely, requiring a (simple) hard fork...
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Drivechain - The Simple Two Way Peg
With sidechains, altcoins are obsolete, Bitcoin smart contracts are possible, Bitcoin Core and BitcoinXT can coexist, and all hard forks can become soft forks. Cool upgrades to Bitcoin are on the...
View ArticleSalvaging the Blocksize Discussion, in Two Questions
A recipe for productive conversation.Well, here they are:The Magic Discussion Template“Why do you think we have a blocksize?”“What has changed, between the time that the blocksize was introduced (July...
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BitUSD Isn't Worth The Trouble
The BitUSD isn’t very useful, should NOT be worth exactly $1 at all times, and (like all assets) requires fundamental value. Truthcoin might indirectly create BitUSD as a result of the USD’s inability...
View ArticleClik here to view.
Bitcoin and Deflation, The Last Word
Any e-currency which is peer-to-peer must also be deflationary. Bitcoin, as “Immortal Deflationary”, presents the first real challenge to the established, “Coordinated Inflationary”...
View ArticleClik here to view.
The Win-Win Blocksize Solution
Leave this lunatic “debate” behind. With a simple (temporary, and optional) sidechain, one can buy a “refund” on unwanted Bitcoin-blocksizes. The prices of these refunds give us unanimously-agreed info...
View ArticleClik here to view.
Nothing is Cheaper than Proof of Work
So-called “alternatives” to Proof-of-Work “waste” just as much “work”.Intro: Wasted ResourcesI previously wrote a post on proof of work (PoW) and mining. The first half generated great interest but...
View ArticleClik here to view.
Measuring Decentralization
Bitcoin’s Decentralization increases as a full node becomes cheaper.AgendaBreak down “Decentralization”, and “Money”, to determine, from the ground up, when “Decentralization of Money” increases or...
View ArticleClik here to view.
Oracles are the Real Smart Contracts
Smart Contracts need Oracles, Oracles need Governance, Governance needs Sidechains. Ethereum cannot support Oracles, and has no use-cases.When Shackles Empower: The Autonomy-Coordination TradeoffSome...
View ArticleClik here to view.
PSA - Linking to a Blog Section
ProblemOne complaint I get is: “Paul, your blog posts are amazing. You. are, amazing. However, your posts are too long. I feel uncomfortable linking them to my friends because I just want to quote,...
View ArticleClik here to view.
The Hashing Heart Attack
Special thanks to Marshall Long, Greg Maxwell, Mark Freidenbach, and Adam Back for related discussion.The ProblemThis issue is one which might disable Bitcoin completely, requiring a (simple) hard fork...
View Article
