First commercial sidechain announced, strengthening the idea of Bitcoin as the “reserve currency”
“The security offered by the Bitcoin network is the final say in the Liquid system. Bitcoin can be sent to the Liquid sidechain, moved freely within…
The Bitcoin Formula: Energy / Time = Truth
Bitcoin is an Information Network backed by Energy Divided by Time The Bitcoin network uses energy with a 10 minute average checkpoint “measurement” to secure…
No, you did not “Break Bitcoin”
Quote from a Motherboard (Vice) article published yesterday (October 7): “Alister Maclin can break Bitcoin on command. In an email, Maclin said he’s been the one…
Why W3C:s Payment System Proposal Interledger Won’t Work
This is the first paragraph in the white paper introducing W3C:s Interledger payment system: “We present a protocol for payments across payment systems. It enables secure…
Why Professors In Economics Don’t Get Bitcoin
Another professor in economics (this one called John Quiggin) has recently written and published another article shock-filled with errors and faulty assumptions, further luring the public…
Is Bitcoin Mining An “Energy Waste”?
Bitcoin Network = 246 MW. BoA Offices = 363+ MW. The argument that mining (verifying transactions and timestamping information) in the Bitcoin network is a “waste…
1-2 years Until Banks “Get” Bitcoin
Nick Tomaino on banks and the Blockchain; “The momentum of Bitcoin over the past few years has forced banks, which have had massive power and profits…
Did Satoshi Predict Pooled Mining, Big Farms and ASICs?
There has been a lot of discussion around the question if Satoshi Nakamoto, the creator of Bitcoin, foresaw the development of pooled mining farms. Some notable…
MIT Technology Review Confusing A Company With Bitcoin
“The company’s travails neatly demonstrate two problems with Bitcoin as a currency and payment mechanism. First, no one much wants to pay with Bitcoin and there’s…
It’s Not Too Late To Save Ethereum
Are we witnessing the beginning of the end for Ethereum? The project’s creator Vitalik Buterin has admitted that there is not enough funding to complete project…