Posts in Bitcoin & Blockchain Tech

“Imagine if gold turned to lead when stolen. If the thief gives it back, it turns to gold again…” Bitcoin is an immutable evidence trail. It is not about taking down governments. It’s a...

In the Bitcoin white paper, I specified how it is possible to verify payments without running a full network node. The distinct specifications and definitions are important: Section 5 of the white...

Tominaga Nakamoto (1715–46) was a Japanese philosopher trained in the Osaka merchant academy called the Kaitokudō. His research and writings on metaphysics and cosmology in the study of nature...

The most fundamental of human rights is the right to hold property. There are many who would argue the same, but the reality is: to be free, we need to be able to control our lives. To choose how...

In section 9 of the Bitcoin white paper, I defined the notion of a new privacy model. In my paper, I start by saying how the traditional privacy model works and detail it in an image. In the...

A quota system is an anathema to free enterprise. The perverse belief that quotas would be economically viable for any firm is obscene. The costs of imposed quota systems to business are in the...

When I started the Bitcoin network, the Bitcoin-Qt client was designed to both mine and act as a wallet. As such, it was far from perfect as the alpha software, but many of the key peer aspects of...

A part of the reason for the number of bitcoin relates to a simple sequence that allows you to see how many bitcoin are left at a glance, at least as an approximate figure. I’ve been asked why the...

Abstract. We propose a system, method, server processing system, and computer-program product for operating an escrow document storage and secure signing registry. In one aspect, the server...

The postal acceptance rule and non-RBF Bitcoin The postal acceptance rule states that where an acceptance is to be sent by post, the contract associated with that acceptance is considered as...