Posts in Alternative Coins & Systems

There is this Bitcoin thing that doesn’t need trusted intermediaries. So, what do people do? Well, you build a series of bucket shop exchanges, the best of which is a joke, like Coinbase, that...

Unfortunately, a major problem stems from a lack of understanding of many common terms today. Turing completeness does not require an infinite tape, and it was not an infinite tape that Turing...

In today’s post, I shall endeavour to explain some of the reasoning behind how I created Bitcoin and why I released it in the manner I did. Unfortunately, innumerable false myths have been created...

When I initially launched Bitcoin in 2009, I noted two ways of sending bitcoin [1]: There are two ways to send money. If the recipient is online, you can enter their IP address and it will...

Last week, I instructed my lawyers to send a series of formal legal letters to a very specific list of people and organisations who were hosting the Bitcoin white paper on their websites. This...

Several individuals in what is termed the “cryptocurrency space” have started to promote a misleading and false premise: that open-source software is necessarily free and comes without copyright....

The other day, I responded in a manner that seemed irrationally angry. I did so purposely, to kick the hornet's nest—proverbially. Unfortunately, in today’s post-social-media world, it is...

Size creates its own form of advantage. Walmart leveraged the long-tail effect in the same way that Amazon has done using the Internet. In the case of Walmart, the rural population, out of a total...

Coinbase is currently facing several lawsuits. One of the lawsuits involves XRP and Ripple. Coinbase will likely argue that they had no idea. Which would be a lie. Several years ago, senior...

I used the word vote in the Bitcoin white paper three times. I used the notion of anthropomorphism in explaining the concept of proof-of-work. In noting that proof-of-work was “essentially...