Back when I was younger, I literally taught the course on decentralization at university. We didn’t call it that, of course, because we were not trying to sell a ponzi scheme, but it meant that every year, I’d have 100 or thereabouts students up for oral exam in distributed algorithms and the like. I had […]
Crypto has a decentralization problem. And it’s not that it’s too decentralized. Nor is it that the decentralization de facto is non-existent due to the mining power being centralized at a few players. It’s that crypto fundamentally is not decentralized, which creates some interesting, potentially unsolvable problems. Crypto is the “money” of choice for crime. […]
Read More… from Tornado Cash Illustrates Crypto’s Decentralization Problem
NFTs are the new hotness in crypto. Or rather, it was the new hotness half a year ago, but my blog is not a news site, so I don’t have to bring breaking news. And really, NFTs were the hotness in 2017, but most bitcoiners don’t remember that and were running different scams back then […]
Bitcoin has brought a wave of excitement. It’s is mostly because it has brought such concepts as “honest ponzi” and “technical analysis is a real science” to the mainstream, which makes it hilarious that anybody takes it seriously still, but also because they can be viewed as a purely scam and speculation-based commodity, backed largely […]
Financial terms for beginners: barting (vb): that thing bitcoin and other cryptocurrencies do to show completely organic price development and no manipulation. […]
I am now a cryptology expert. I just ordered 3 real bitcoins in pure solid gold, silver and copper. up, uP, UP to the moon! […]