Logical Fallacies and the SCADA Problem

The arguments for extreme events are interesting, and one has to wonder about the motivation for them. The argument that a “STUXPOCALYPSE” will not occur and hence we need not worry about the...

Posted on 2019-07-16

Monetary Law and Blockchains

The first thing to realise is that blockchains do not fork in a manner that splits the chain. Where such a thing has happened, the reality is the creation of a new system that differs from the...

Posted on 2019-06-12

Feign Madness but Keep Your Balance

(假痴不癲/假痴不癫, Jiǎ chī bù diān) Hide behind the mask of a fool, a drunk, or a madman to create confusion about your intentions and motivations. Lure your opponent into underestimating your ability...

Posted on 2019-06-11

The Right to Privacy

Bitcoin is a system that works within the majority of legal frameworks — all of the ones in the free world. An important aspect of how Bitcoin works is privacy. Privacy differs greatly from...

Posted on 2019-06-07

Fully Peer-to-Peer

In 2011, I sent my last email as Satoshi to Gavin… Gavin,I wish you wouldn’t keep talking about me as a mysterious shadowy figure, the press just turns that into a pirate currency angle. Maybe...

Posted on 2019-06-06

MSBs and Account-Based Systems

Monero and mixed coins (such as those using Schnorr) are engaged in the activity of money transfers and money handling. Such activity, by nature, makes them an MSB. Any subsystem is required to...

Posted on 2019-06-04

Satoshi and Science

The scientific principle applies in all aspects of life, including jurisprudence and law. It has done so for a long time. Generally speaking, the scientific principle is applied in the methodology...

Posted on 2019-05-30

Institutional madness

There is a simple reason why Tether (USDT) has avoided being audited. At least 31% of the reported funds have been embezzled from the Russian state with at least 13% of the total Tether value...

Posted on 2019-05-16

Custodial standards

In the credit card industry, there is a security framework known as PCI-DSS. It represents really a minimal security level for anyone running anything that accepts and stores other people’s money...

Posted on 2019-05-10

The wheel of time is not on an axis

The failure in understanding change lies in believing that the wheel of time is on a stationary axle. We move forward as the wheel does. The wheel of fortune rises and falls, and as it does so, it...

Posted on 2019-04-27