Charlie Lee Nails It

“It’s hard to say what will happen when it starts reaching the limit. Right now, the coin is working, Bitcoin and Litecoin are working because the mining reward is paying for the security… When you rely on fees and if the fees aren’t enough because the block size is constrained, then what happens? The security...

The Importance of the Monetary Supply Curve

Well that's a rather imposing title isn't it. If you're going to talk about exchange commodities, you probably ought to consider how they are being issued.  A lot of cryptographic assets are issued today like type "D" in the above diagram, a standard ICO or full premine.  The trouble is that this puts all the...

Battle of the Blockchain

After bitcoin block 15323 was solved, more than 24 hours passed before the next block.  This is quite a bit longer than the target time of ten minutes.  Looking through the blocks at that time we see that they are mostly all empty, and there isn't much action with the difficulty.  Even a full day...

ASIC Resistance : wtf is that?

Hello Everyone! Maybe some of you have heard the claims of "ASIC resistance" amongst some proponents of this or that new proof-of-work algorithm, or even some non-work centralized algorithm.  "ASIC Proof" even. Lets talk about what this might mean. First off, it's worth pointing out that doing the appropriate hash function faster will make you...