Month: December 2019

Reboot – The Three Economic Eras of Bitcoin

A most profound aspect of Bitcoin is that we know, with certainty, what the monetary policy will be no matter how far we look into the future. If we choose to secure sound money for the world, then we have to establish the important markets, build the tools and protocols, and most importantly make the tough decisions now, instead of kicking the can down the road.

Read More

Guy & Car on Bitcoin, Unmentionables, & an Insane 2019

Friends Against Government Podcast joins me to close out 2019 with a discussion on the crazy changes we have seen this year, both in Bitcoin and in so many other areas.

Read More

A Bitcoin Roadmap 2020 & Beyond

Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their debut on the Bitcoin and Lightning protocol stack that will change everything about how we interact with and use this incredible technology.

Read More

Reboot – Shelling Out: The Origins of Money

“The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects.”  – Nick Szabo

Read More

The Passion of the Believers

“At the end of the day, everyone has to believe in something; might as well believe in something verifiable and unforgeable.”
– Hass McCook

Read More

Proof of Stake, Private Keys Attacks & Unforgeable Costliness

Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history – unforgeable costliness.  Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today’s read!

Read More

Proof of Stake & The Wrong Engineering Mindset

What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios?

Read More

Does Bitcoin Need Accounts?

Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment.

Read More

Bitcoin, Not Blockchain

There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the consequence of economic incentives and a native monetary unit that secures those incentives. It is hard won in the battle of monetary competition, something that cannot be copied or challenged with frivolous features, or arbitrary “utility.”

Read More