Year: 2018

Start at around 50:00 or so for the two minute version 🙂 WATCH: Vin Armani on Cryptosavagery, Patriarchy vs. Matriarchy And Culture

This post is a suggestion from a reader, taken from https://bitfortune.net/top-crypto-kings/  

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...

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...

Hello everyone! A young wizard named Forrest took me aside at a new years eve afterparty and told me his concerns about the energy use of cryptocurrency.  He was very passionate about this problem and so I dedicate this post to him.  We really ought to address this as carefully as we can, and with...

Hello everyone! Mea culpa - of course we do this tongue-in-cheek exercise as a way of understanding better the causes so we can avoid the disease.  We need to fear this condition, recognize that it could strike at any time, and avoid it at all costs. -- There are various reasons we might wish to...

Hello everyone! As you probably know as a reader of this blog or as somebody who has heard of woodcoin, I've been particularly concerned with this issue.  It's the issue that LOG tries to solve.  So lets take yet another look. To be explicit: the rapid drop of the coinbase reward given to miners, chosen...

Seriously.  Decentralized coins are borderless, censorship resistant, and public, in a way that centralized coins cannot be.  They are unstoppable in a way the centralized coins cannot be.  It's easy to tell the difference: decentralized coins have a mechanism that allows them to be secured by the public.  They can be mined.  Without this mechanism,...