Bitcoin is decentralized, but it probably doesn‘t mean what you think it means.

just saying

(inspired by improvements from @RKHilbertSpace to my original Lamport scheme)

It’s not clear that preventing mining pool from forming at all is a good idea to begin with —…

Why not tolerate the risk?

In bitcoin, miners join pools for two reasons. One is to avoid the hassle of running a full node — this could be mitigated by requiring miners to include proofs of blockchain retrievability. The other is to…

a simple hack

edit: here’s a far more efficient way to do this https://medium.com/@lmgoodman/7c7ba2d6a1b (inspired by a post from @RKHilbertSpace)

Many people who don’t know much about Bitcoin, or who have a poor grasp on economics, have severe misconceptions about Bitcoin. I do not attempt to dispel those myths here because many others have already done so. Rather, I’d like to…