Posts in Bitcoin & Blockchain Tech

Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending… The Bitcoin white paper notes the use of a...

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. The Bitcoin white paper is...

There is a good deal of misinformation around scarcity right now. Unfortunately, our education system has produced a series of partially educated people, who may receive vocational training but...

Over the last decade, I have been dragged into innumerable arguments and debates, going back to those with James Donald in 2008. They concerned scaling and other aspects of Bitcoin that some...

I want you to imagine for a minute a new form of shares that security companies can issue. The security offering would be one that disincentivises speculative trading. Imagine that day jobbers and...

Some people think that storing data on Bitcoin is analogous to a public service. There is an error with this line of thinking. A better analogy would be to think of storage in Bitcoin as one in a...

The false mythology has been created and propagated that you need to run a ‘full node’ to secure blockchain networks. The deception has been promoted by individuals associated with BTC Core...

The proof-of-work definition that I used in describing how Bitcoin solved the Byzantine generals problem [1], when questioned by James A. Donald, derives from the SANS testing process, which I’d...

Many people falsely believe that Bitcoin is a cryptocurrency. Bitcoin is not encrypted. Bitcoin is the first digital cash system that presents cleartext and is completely traceable. It is finally...