150 billion funbux

It hardly seems noteworthy I know, you are disappointed already that I might have even noticed that this story had risen in media outlets.  The story is that Jeff Bezos of Amazon has 150 billion dollars worth of stock.  In the linked article Annie Lowry does a good job of giving respects, pointing out that...

Issuance Malfeasance

What is the problem that cryptocurrencies solve?   ..asks the noted economist and New York Times columnist Paul Krugman [link]. We have addressed this question before in this forum.  The question today is how somebody could be a serious scholar of economics, or even open ones eyes in any populated area of the planet, and somehow...

Why premines are not not ideal for a currency

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...

What's the monetary policy?

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...

There can be only one

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 problem that blockchain solves

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...

satoshis per joule 2018

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?...

no-fork native tokens

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...

Celebrating indigenous peoples effort to protect forests, and the planet

[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,...