I will admit something first. Dogecoin is fun. Dogecoin makes you laugh out of sheer joy, despite yourself. Dogecoin sucks you down into a rabbit hole of memes, parodies, and all things not serious. But is everything a joke? Obviously not. So, in that spirit – let’s get serious. Bitcoin is an idea. A meme, […]
Category: bitcoin
Bitcoin cannot be secured by public-key cryptography
Bloomberg columnist Noah Smith wrote an article[1]Bloomberg paywall link. about Bitcoin’s energy consumption. “Blogger” Nic Carter wrote a rebuttal to it. Noah Smith wrote a rebuttal to this rebuttal. Noah’s counter-rebuttal calls for its own rebuttal. Eventually, we will see why the following tweet from Nic follows quite naturally. “Proof-of-stake is just a fancy name […]
On NFT’s
In 1996, a federal mint employee was eating bananas near where US dollar bills were being printed, and a Del Monte sticker on one of the bananas fell into the printing press and got under a transparent layer of a $20 bill. The Del Monte note was created. This particular $20 note is a collectible […]
The Blocksize War (book review)
BitMEX Research has published what can be called the first history book on Bitcoin (not all of its history, but just the Blocksize War). It’s written by Jonathan Bier, who surprisingly, has no official online presence that I can find. It could as well be a pseudonym, for all I know. Either way, this book […]
Bitcoin is Forever
The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime – Satoshi Nakamoto, creator of Bitcoin This goes against the more well understood motto of technology startups: “move fast and break things.” Unlike a startup, or even a big company, Bitcoin doesn’t […]