“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...
Month: April 2018
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...
Bitcoin as a Matriarchal Economy
Start at around 50:00 or so for the two minute version 🙂 WATCH: Vin Armani on Cryptosavagery, Patriarchy vs. Matriarchy And Culture
Ico Roundup Infographic
Crypto Kings Infographic
This post is a suggestion from a reader, taken from https://bitfortune.net/top-crypto-kings/
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...