by Guy | Jun 25, 2020 | Shitcoins
“Incentives have driven exchanges to become casinos, and they’re doing exactly what you’d expect unregulated casinos to do. This is no place you ever want to send anyone.” – Rusty Russell A sobering and important reminder of the dangers that...
by Guy | Dec 31, 2019 | Bitcoin, Economics
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...
by Guy | Dec 3, 2019 | Development, Lightning
The Lightning Network does, in fact, have scaling problems of its own. When the network grows to millions of channels we obviously won’t be able to run it on a Raspberry Pi. Don’t tell Rusty Russell or Joe Netti that, because they’ll just build their own...
by Guy | Sep 7, 2018 | Fundamentals, History
“The Third Era will start with civil war” -Rusty Russell The future economic reality of the Bitcoin ecosystem has been hard-coded into the consensus since the very first block. The inevitable pains that the future will bring should not surprise us. Listen...
by Guy | Jun 26, 2018 | Development, Lightning
“All three of the Lightning implementations (Eclair, lnd, & c-lightning) are now in beta!” – Christian Decker & Rusty Russell Check out the other great work and full article with links at the Blockstream Blog:...
