The trees, and public coins, are something that all people need.
Mea Culpa: This is a long winded review of Simon Tatham's puzzle collection. I first encountered the nine headed dragon in the Alpine villiage of Lauterbrennen. It must have been 2004 or thereabouts, and I was traveling with two lovely girls I had met the day before at a hostel in Bern. The place was...
If you've been following the rise of public coins, you have probably heard the term "premine". In a public coin, the money supply is public - thus anyone can see when and how all the money was created. Traditionally, if monetary tokens were distributed before the transactions began on the network, before the transaction validation...
Mea Culpa: I don't have an electronic version to share and confirm that I read it. You'll just have to find this book on your own and confirm we read the same thing yourself. "Spirals in Time: The secret life and curious life of seashells" By Helen Scales What a great book! Helen Scales has...
If you've never heard of the Dunning-Kruger effect, you are in the pre-Dunning-Kruger era. Of course you probably already knew that there was a cognitive bias in which relatively unskilled persons profess superiority, but you didn't know that it was called "the Dunning-Kruger effect". Knowing the popular name for the thing, irrespective of Stigler's law...
It's pretty simple really. People who are trading on margin are gambling. If you run a casino, you are trying to maximize your profit. If you run a margin shop, you have a list of all the current folks and their bets, including knowing various points at which they will have margin calls and liquidations. ...
A little over a year ago we looked at the top 5 things reporters get wrong about bitcoin. Things have improved somewhat, but not a lot. You can still find a few high profile pieces a week written about bitcoin by people who clearly never used the currency regularly or gave much thought about it...
We looked at some C# code about 6 months ago. I was very happy with the way it turned out. I learned the program and I run it regularly, the thing sits nicely in permanent ROM. Turns out it isn't very difficult after all, even for an amateur noob like me. So, why not try...
Smart contracts have gotten a lot of airtime lately. Ethereum-coin's ability to do interesting things with smart contracts, perhaps (but not clearly) easier to do so than with bitcoin, has been coincident with a large rise in the market cap of ethereum even though there are substantial issues with the distribution economics and a less...
Hello everyone! Many words have been spoken of the disruptive power of public coin. Public coin cannot be counterfeit; certainly a remarkable invention and one with great power. One that enables people to escape systemic fraud and disenfranchisement of the fiat era along with various other sad practices which have plagued middle earth. A tool...
How can we visualize the rise of computing power on the bitcoin network? We need something more common in people's lives than hashing power. So, how about: hash? That's right, hashish. Lets go with it and see if the analogy helps. We'll look at the hash rate of the network and compare it to a...