Posts in Bitcoin & Blockchain Tech

There is a long-running false narrative of “full validating nodes.” The dishonesty that has been sold as a truth is that running the Bitcoin node software while not mining matters in any way to...

The issue of “private blockchains” comes to a purely economic outcome. The issue of public vs private is, and has always been one of setting the correct controls. An encrypted session is more...

On confirmation, the recipient faces minimal, if any, ongoing risk of fraud from the transferer (Alice, A). There remains an ever diminishing risk of a block re-org resulting in a lost...

For more details see the following link: CRYPTOGRAPHIC METHOD AND SYSTEM FOR SECURE EXTRACTION OF DATA FROM A BLOCKCHAIN Executive Summary This white paper defines a blockchain-based service for...

The lie of anarchy and the true value in Bitcoin Many have thought that Bitcoin was in some manner designed to promote anarchy and a stateless society; that concept cannot be further from the...

Ledger space in a sound, immutable ledger is a commodity. It has value. The trouble is that many think they can create something new, that Bitcoin is a new form of money. It is not.   Money exists...

Bitcoin has a remarkably simple yet robust privacy model at scale. Section 10 of the white paper details the privacy model in what I thought was a remarkably simple manner. That said, most people...

Very simply, Silk Road was the worst thing to happen on Bitcoin. Freedom is not absolute. We live and act in a society, and selling drugs was one thing, but the reality was it also allowed things...

I have spent a lot of my life being angry. The drive and passion in me that drive the creative spark have many sides. It is not just Bitcoin. I have been saying that risk and security are economic...

The “FUD” around Bitcoin is deep, but we shall start to clear it up. The truth is, most things in Bitcoin are simple. This is why many in the industry try to tell you otherwise. They seek to gain...