“Be like the cliff against which the waves continually break; but it stands firm and tames the fury of the water around it.” — Marcus ‘Rocky’ Aurelius, Meditations of a Bitcoin miner In the previous parts of this series, we’ve started to investigate the efficiency of Bitcoin’s PoW. In this…

“Countless words count less than the silent balance between yin and yang” - Laotzi In the second part of this series, we’re going to define a new metrics called the Price-Performance Ratio of Bitcoin’s PoW (PPR). …

“Law I: Every UTXO persists in its state, except insofar as it is compelled to change its state by force impressed.” — Isaac Newton, Principia 2.0 In the last years, a lot has been written about the “huge waste of energy” resulting from Bitcoin’s Proof of Work (PoW). In this…

“The brain is at least twenty feet from his apparent forehead in life; it is hidden away behind its vast outworks, like the innermost citadel within the amplified fortifications of Quebec.” — Herman Melville, Moby-Dick In the first part of this series, we’ve started to draw a map tracing the…

“You’re terminated, fucker.” — Sarah “JW” Connor, The Terminator In the first part of this series, we’ve observed the existence of an 8th wave of spam during S2 2016. In this second part, we’ll try to find the reasons explaining this occurrence. Back to the basics Two theories may explain the late occurrence of…

“Ignorance is the parent of fear.” — Herman Melville, Moby-Dick This is the first part of a series of 3 articles (part 2, part3) presenting the results of an analysis of the summer 2015 spam attack (a.k.a Moby Dick). …

“Nothing is more practical than a good theory.” — Ludwig Boltzmann Today, I’m thrilled to share Boltzmann, a tool which (I hope) will be useful to all developers working on Bitcoin wallets and services. …

“You knock yourself down. You don’t think much of yourself. That’s an uncomfortable feeling. So you project it on others and say, ‘They don’t like me’.” - Flora Rheta Schreiber, Sybil: The Classic True Story of a Woman Possessed by Sixteen Personalities Lately, a fellow bitcoiner contacted me, suggesting that…

“Ask not what bitcoin can do for you, ask what you can do for bitcoin” - J.F. Kennedy (Biography - Apollo Editions) Dear Brian, First, I would like to apologize for the length of this letter and my crappy english. A bit of context. During these last 12 months, I’ve…