The trees, and public coins, are something that all people need.
This post is part of the "stuff we thought was dead obvious" series. The series includes "How racists are dumb", and "How rapists are despicable morons" and "Shooting yourself can be dangerous" along with the classics "water is wet" and "the Earth is an oblate spheroid". Five or ten years ago I would not have...
Lets take a moment to remember that the great advantage to a public coin is that the monetary policy is public. This means we don't have to take somebody's word for how much currency is being issued and at what rate, but we can verify it ourselves. The idea is that this can help eliminate...
Hello everyone! Today's post is mostly about the psychology that might lead one to such a broken conclusion. The concept that every object has a use value and an exchange value was described and expanded upon by various philosophers like Aristotle, later Adam Smith and Karl Marx, and so many others who seem to have...
"The greatness of a nation and its moral progress can be judged by the way its [trees] are treated." -- Mahatma Gandhi
Something worth saying is worth repeating. A quick read through the bitcoin obituaries shows that this is a difficulty in proceeding. For example we have a piece by Kai Stinchcombe here in which he claims: There is no single person in existence who had a problem they wanted to solve, discovered that an available blockchain solution...
Hello everyone! Ok ok, we'll do the energy analysis again. Lets start with the Antminer-S9 with a claim on their website of 0.1 J / GHps. Well they mean to say 0.1 J/s / GH/s which is the same as a .1W / GHps. What does this get you for your tenth of a joule?...
In case you missed it token fever is upon us. Easy-issue tokens have driven the rise of ETH and other coins. Coingeek offered some kind of a cash prize for building a native token system for BCH (which likely would work for other satoshi-codebase coins). This is what they want: o Securely create tokens; o Issue...
[quoted from https://www.ecologise.in/2018/04/21/international-day-of-forests-how-indigenous-peoples-are-protecting-the-planet/ ] From If Not Us Then Who: Indigenous peoples live and work in the lands they protect–and have been found to be the most effective guardians of the world’s forests. This International Day of Forests, we are taking the opportunity to celebrate their work they’re doing globally to protect our forests, and,...
“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...
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...