The trees, and public coins, are something that all people need.
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,...
There have been a number of dominant company coins over the last 800 years or so, all privately issued. Most of these however have been maintained as monopolies over certain geographical regions. Some people call them national currencies or fiat. However many other company coins have tried to get in on the game: The trouble...
By now you are probably familiar with the latest coins coming out which fork the BTC chain, effectively making an airdrop instead of a premine (or with a premine as well for the case of e.g. Bitcoin Gold). The first that I know of to do this was CLAMS. The biggest one is Bitcoin Cash....
By request, here's a nice large format infographic, for us to reminisce about the first 9 years of public coin. Enjoy! And follow the link at the bottom for more from bitcoinplay.net. 67 Insane Facts About Bitcoin [Infographic – Updated January 2018]
The trouble in general is that it should be ICCOs. There's an elided "colored" in "Initial coin offering". It would more properly be called "Initial colored coin offering". But hey, it's too much of a mouthful and perhaps has not as nice a flavor coming off the tongue so people went with the shorter but...
On this occasion, let's go through why the LOGarithmic bitcoin we know as woodcoin is still alive after three years, has increased in value steadily, and is set up for further increase in value: 1) Decentralized There is no woodcoin company, no woodcoin premine, no woodcoin ICO. Like bitcoin, there's no person or group of...