Adlai's Blog

http://80.244.243.194:7421/ I had to wade through the sewers to find this url so I will save you the trouble 🙂

Bitcoin: The World's First Regulated Currency

For millennia, people have struggled with a certain aspect of exchange commodities (a.k.a. money). Certainly, exchange commodities have been an important part of what makes civilization today. They enable trade and via price discovery help organize human behavior. However, the supply of these exchange commodities or monetary units has never been regulated, something which has...

Revealed: Bitcoin is a Socialist Scam

Mea Culpa: This article contains unnecessarily high amounts of parody and sarcasm - the editor. You've probably heard that bitcoin and public coin (coins with publicly verifiable money supplies) are politically neutral, or even that they are favored by libertarians. Well it's time you learned the truth. By the time you finish with this post...

Bitcoin Haters

When many people first encountered bitcoin in the early days, the response was something akin to disbelief. The proof of work algorithm appears haphazard, and it's not obvious at all that it creates a stable system. Could something like this really work? It seemed somehow impossible (and there were academic papers that supposedly proved it...

satoshis per joule 2019

Not that much has changed apparently over the last year or so. However of all the shit on this blog, these analyses have been perhaps those which are the least a waste of your time, so here's another one. We will consider two commercial miners, which have improved in efficiency a bit: Bitmain Antminer T17...

The problem that blockchain solves

Well we previously phrased this as "the problem bitcoin solves", so hopefully we have improved somewhat on our accuracy. You be the judge. One of the reasons people are a little slow to understand the fuss over bitcoin and blockchain is that they are unaware that they are living in a fiat empire and unaware...

The case for public coin

Thesis: For the simple reason of security against counterfeiting and hidden debasement or issuance fraud, it is necessary to use a public architecture in any token or currency system. There is no reason not to use a public coin other than to allow corruption and secretive enrichment of a few at the expense of the...