The 51% Attack That Never Was

The 51% Attack That Never Was

There are widespread mythologies concerning supposed attacks against Bitcoin (Bindseil et al., 2022), including ones that are promoted by people in the industry. The reality, though, is starkly...

Posted on 2022-04-27
Twenty Years of a Bank Worker’s Life

Twenty Years of a Bank Worker’s Life

Kumazawa Makoto, “Twenty Years of a Bank Worker’s Life”, on Kawabe Tomomi Putting his authentic dilemma more specifically in terms of my particular concerns, is it possible to be an...

Posted on 2022-04-08
Anti-Trust

Anti-Trust

The problem with Ethereum and BTC groups is that they are anticorporate. They call themselves crypto capitalists (Ortiz, 2020). What that really means is that they are anti-capitalist. They are...

Posted on 2022-03-23
Decentralisation

Decentralisation

Abstract. A system such as Bitcoin operates using a proof-of-work-based consensus mechanism that many individuals have falsely claimed to limit the ability for the system to scale. As a result,...

Posted on 2022-03-18
The Vision for Bitcoin

The Vision for Bitcoin

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...

Posted on 2022-03-08
Defining Scaling

Defining Scaling

Numerous arguments abound in regard to scaling blockchain-based systems such as Bitcoin or the BTC system (Khan, Jung, & Hashmani, 2021; Kusunoki, 2021). When proponents of other, related systems...

Posted on 2022-03-02
Reliving an Ancient Past

Reliving an Ancient Past

The People's Republic of China (PRC) consists of twenty-two provinces, four municipalities, five autonomous regions, and two special administrative regions, Hong Kong and Macau. The Economist...

Posted on 2022-02-21
A Rational Argument around Nodes

A Rational Argument around Nodes

There is a strange belief that non-mining systems can be nodes in Bitcoin (and, by extension, on the BTC [1] network)—without creating blocks. Then there are arguments that they help with...

Posted on 2022-02-16
The Closing of Open Society: Part II

The Closing of Open Society: Part II

The Republic of Mozambique (hereafter Mozambique) is a sub-Saharan African nation on the Swahili coast. The country gained political independence from Portugal on 25th June, 1975 (Marshal, 2019)....

Posted on 2022-02-09
The Wizard of Blockchain

The Wizard of Blockchain

There are always arguments over scaling blockchain networks. Most of them end in ad hominem attacks, and very few address the prime issues that need to be discussed and understood. None of it is...

Posted on 2022-02-04