Rethinking “Incentive Compatibility” Within the Bitcoin Protocol

Jan 11, 2020

The Greatest Fool

When a person receives rare information, he may utilize it, curate it, arbitrage it, or discard it. Those wishing to arbitrage…

1 response

John Carvalho in BitcoinErrorLog

Jan 5, 2020

The Gates of Bitcoin

2 responses

John Carvalho in BitcoinErrorLog

Dec 28, 2019

Reducing Vitalik Scam Velocity

It is no secret that Vitalik likes complexity. While I am surely not…

2 responses

John Carvalho in BitcoinErrorLog

Oct 25, 2019

Who secures Bitcoin?

Surprisingly, 10 years after Bitcoin’s creation, most people still don’t know the correct answer to this question:

3 responses

John Carvalho in BitcoinErrorLog

Sep 29, 2017

Vitalik’s Quantum Quest

Originally published Aug 16, 2016

First, a Little History
In 2013, the Bitcoin world was a much different place. The Bitcoin securities exchanges were booming.
http://www.coindesk.com/sec-making-inquiries-mpex-satoshidice/

John Carvalho in BitcoinErrorLog

Sep 29, 2017

Bitcoin is Not Fungible, Should It Be?

Originally published Aug 8, 2016

As the Bitcoin community flexes its maximalism, noting how absurd it would be to undo the recent Bitfinex hack via hard fork (like Ethereum did with the DAO hack), it is exclaiming that the fungibility…

John Carvalho in BitcoinErrorLog

Sep 29, 2017

I Miss the Old Satoshi

I miss the old Satoshi, straight from the node Satoshi
Sail the Silk Road Satoshi, don’t fork the code Satoshi
I hate the new Satoshi, the absentee Satoshi
The SPV Satoshi, blockchain all the things Satoshi
I miss the real Satoshi, holographic sealed Satoshi
I gotta say, at that time I’d…

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