The opening of trade between Europe and Asia in the 15th century led to the arrival of Europeans in Japan in the 16th century and the introduction of new ideas and technology. In 1543, Europeans...
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...
Faith Ridler (2021) managed to capture many of the aspects of intellectual dishonesty and bankruptcy in her article in the Daily Mail titled 'Father of capitalism' Adam Smith's grave is included...
Some people think that storing data on Bitcoin is analogous to a public service. There is an error with this line of thinking. A better analogy would be to think of storage in Bitcoin as one in a...
A major fallacy of the anarchist idea that we can create a free society using assassination markets derives from transaction costs and differences in the ability to coordinate and liquidate money....
The false mythology has been created and propagated that you need to run a ‘full node’ to secure blockchain networks. The deception has been promoted by individuals associated with BTC Core...
It is common to see reflections on dignity and many individuals who have never been poor reflect on helping others. In doing so, many of them talk about dignity. Dignity is a far more...
The proof-of-work definition that I used in describing how Bitcoin solved the Byzantine generals problem [1], when questioned by James A. Donald, derives from the SANS testing process, which I’d...
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...
Many people falsely believe that Bitcoin is a cryptocurrency. Bitcoin is not encrypted. Bitcoin is the first digital cash system that presents cleartext and is completely traceable. It is finally...