The title, byline, and abstract from the Bitcoin white paper.

I have spent more than 40 hours interviewing the inventor of Bitcoin. We have covered the entire theoretical background of Bitcoin, the entire Bitcoin white paper line-by-line, and a lot else. Right now we are covering all the early writings of Satoshi Nakamoto.

It is widely believed that the inventor of Bitcoin, Satoshi Nakamoto, is anonymous. He is not anonymous. His name is Dr. Craig S. Wright and he lives in London. He is the Chief Scientist of a company he founded called nChain.

People believe Satoshi Nakamoto is anonymous because they believe what they read on the internet. Do…


1. Introduction

The inventor of Bitcoin is an Australian-British polymath genius who obsessively studied and got degrees in every subject matter related to digital cash for more than ten years leading up to the genesis of Bitcoin and for more than ten years after its genesis leading to more patent applications, and soon-to-be more patents, than anyone in history, including Thomas Edison. His name is Dr. Craig S. Wright. I call him Craig, like most people who know him personally.

When I discovered Bitcoin on May 13, 2011, it seemed like it had the potential to be the foundation of a new…


There is a deep disagreement about what the Bitcoin Cash protocol rules should be starting November 15. There is going to be a hash battle and a temporarily blockchain split. Many wallets and exchanges plan to pause service during this period of time. If the hash battle is prolonged, it would be a disaster to pause service indefinitely. Fortunately, there is a way for wallets and exchanges to continue to operate during the hash battle while being guaranteed to be on the winning side when that occurs.

We refer to this procedure as the “anti-split procedure.” The basic idea is…


Yours is like Medium with a pay wall. Our mission is to improve the quality of content on the internet and we believe getting creators and curators paid directly from consumers with no subscriptions and no third-party advertisements is the best way to do this. We have launched an invite-only preview and are planning the full launch on May 30.

To make micropayments of one cent, we can’t just use Stripe. Because Stripe’s fees are about 30 cents or higher, a one cent payment to a creator would cost 31 cents and 97% of the money would go to Stripe…


At Yours, our mission is to improve the quality of content on the internet by getting creators and curators paid. We believe ads and subscriptions are inappropriate for most content types, and the lack of a micropayments option has created an internet full of click bait and fake news. We think micropayments are the right solution, but technical limitations have made them impractical until now.

We are happy to announce that we have performed the world’s first routed micropayment. While micropayments based on payment channels have been demonstrated before, this is the first time a network of payment channels has…


Why is it that so much content on the internet is clickbait, false, or hateful? Furthermore, if users are creating all the content, why are Facebook and other social media companies earning all the money instead of the users? We believe the ad-funded business model so common on the internet today is fundamentally responsible for these problems, and thoughtful incentives based on micropayments are the solution.

Most content on the internet today is funded by advertisements, which have peculiar incentives encouraging low quality content. Instead of incentivizing truth or thoroughness, ads encourage people to click on links and look at…


People who create, discover and moderate good content should be paid for their work, but most social platforms do not have any monetization mechanism for their users. Furthermore, the status quo of free, ad-funded content on the internet has incentivized low quality, false, hateful content and poor curation. Yours is a social platform with peer-to-peer monetization so that our users earn money for creating and discovering good content and consumers can pay for quality and curation. We do not have or need advertisements; our business model is to take a percentage of payments. Our payment models are based on market…


Dear Ev Williams,

You just announced that you are pivoting away from ads and are intent upon solving the content monetization problem, but you didn’t indicate that you have figured out how to do that just yet. As the former cryptocurrency engineer of reddit, a position dedicated to solving that problem, and Cofounder & CEO of Yours, a company dedicated to solving that problem, I have spent a lot of time figuring out how to do that. Allow me to sketch out a vision for how this might work at Medium.

The obvious way to monetize something is for people…


Michael Scott is a freelance journalist in the bitcoin and blockchain space who writes for five different publications. He is drawn to Yours because it may allow the possibility to monetize his work by reaching his audience directly without working through third-party publishers.

Michael is an experienced blogger, but has never tried to monetize his blog. It would be nice if there were a platform like blogging but with a strong monetization mechanism. This is one route we could take with Yours. …


Celia

Celia reached out to us after feeling disaffected by Steemit and hoping that Yours might avoid some of their problems. Since Steemit is one of our closest competitors, we knew that Celia’s input would be extremely valuable to help identify places where we need to improve.

Celia is a former 3d printing PhD student who fell in love with the world of crypto and picked up casual blogging. She discovered Steemit as a way to monetize her blogging, and tried to put her PhD thesis on the platform. …

Ryan X. Charles

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