Addressing the Energy Consumption Issue

Hello everyone! A young wizard named Forrest took me aside at a new years eve afterparty and told me his concerns about the energy use of cryptocurrency.  He was very passionate about this problem and so I dedicate this post to him.  We really ought to address this as carefully as we can, and with...

Monumental Ignorance - an instruction manual

Hello everyone! Mea culpa - of course we do this tongue-in-cheek exercise as a way of understanding better the causes so we can avoid the disease.  We need to fear this condition, recognize that it could strike at any time, and avoid it at all costs. -- There are various reasons we might wish to...

What happens when bitcoin is secured by fees?

Hello everyone! As you probably know as a reader of this blog or as somebody who has heard of woodcoin, I've been particularly concerned with this issue.  It's the issue that LOG tries to solve.  So lets take yet another look. To be explicit: the rapid drop of the coinbase reward given to miners, chosen...