Bitcoin

Rethinking “Incentive Compatibility” Within the Bitcoin Protocol

The Greatest Fool

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

The Gates of Bitcoin

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…

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…

Reducing Vitalik Scam Velocity

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