Cryptocurrency and the Law of the Horse

In 1996, Judge Easterbrook presented and spoke to the University of Chicago Law School. In his speech, he reflected the words of the dean of the school, Gerhard Casper, who related that the...

Posted on 2020-07-02

Is Code Really Law?

Many people within the ‘cryptocurrency communities’ have made a religion of "code is law", the flawed methodology of Lawrence Lessig [1]. In his rant-like diatribe, Lessig holds the view of a...

Posted on 2020-06-16

The Right to Run a Node

The problem that exists in the Bitcoin environment today is reminiscent of society at large. For many years now, we have been falsely preaching a myth of equality where we tell children that “it...

Posted on 2020-06-05

A Discourse on Nodes

The definition that has propagated around the description of a Bitcoin node has led to a rather cultish ‘quasi-religion’. I will call it a religious belief as it is clearly one not based on...

Posted on 2020-05-27

Money Is Time and Energy

Many falsely believe that by simply producing more money or redistributing it, we would all suddenly have more wealth. It can come in multiple formats: it can be in the form of cash or alternative...

Posted on 2020-05-04

Satoshi NEVER Posted on Bitcointalk

It is a myth that all the posts on Bitcointalk (bitcointalk.org) from my account (Satoshi) are in fact mine and have not been edited or changed and that the login on the website belongs to me....

Posted on 2020-03-31

The Property Flaw of Lightning

Segregated Witness (SegWit) was said to be introduced to stop purported errors caused by malleability. The truth of the matter is that it was introduced as a means of producing the Lightning...

Posted on 2020-03-26

Ledgers and Design

Bookkeeping and accounting journals used within double-entry bookkeeping require write once read many (WORM) tables. Any accounting is posted entry is required to be write-only, with the database...

Posted on 2020-03-18

Binance: The Untrusted Intermediary

Today, as I have done in the past, I set up a number of accounts with Binance based only on the verification of email addresses. As was the case with Liberty Reserve, which would then, in 2013, be...

Posted on 2020-03-02

On Decentralisation

In a recent statement by SEC Commissioner Peirce, it was explained: A second area of concern is the lack of a bright-line test for whether a token is a security at the end of three years. To avoid...

Posted on 2020-02-21