Month: May 2019

Key Excerpts and Commentary from NYAG/Tether Court Transcript

First of all link to the transcript: https://www.docdroid.net/Wk3pePO/transcript-may-16-2019.pdf  (my copy). Second of all congrats to @lawmaster and The Block for a great scoop.  https://t.co/22w3xY8mc8 Now let’s get down to business. Bitfinex is still being hesitant to hand over documents to the NYAG.  They have struggled to get access to documents relating to the transfer from … Continue reading Key Excerpts and Commentary from NYAG/Tether Court Transcript →

A Guide to a Hypothetical Internationally Coordinated State Level Attack On Bitcoin

There was a recent comment by Joseph Stiglitz in which he expressed his desire to “shut down the cryptocurrencies”.  This prompted me to seriously consider how one would go about shutting down or seriously damaging Bitcoin. This is not an easy problem because Bitcoin is designed to be a remarkably resilient system, however, I do … Continue reading A Guide to a Hypothetical Internationally Coordinated State Level Attack On Bitcoin →

On the Social Scalability of Bitcoin and the 21 Million Cap

Many Bitcoin proponents, chief among them Nick Szabo, laud Bitcoin for its social scalability.  In order to discuss this issue fairly we must first define social scalability. In the famous blogpost where it was first used, Szabo defines it as: “Social scalability is the ability of an institution –- a relationship or shared endeavor, in … Continue reading On the Social Scalability of Bitcoin and the 21 Million Cap →

Billion Grains of Bullshit: Calling out an Exploitive Cryptocurrency Scam

Sometimes life has a weird way of working out for me, like I was bored on Twitter looking for something to write about and then suddenly a scam decided to start spamming my mentions. I love when the scammers come to me! Saves me a step in my research process. This is a pretty blatant … Continue reading Billion Grains of Bullshit: Calling out an Exploitive Cryptocurrency Scam →

How to Identify a Token Project that Deserves None of Your Ether: With Example

Note: Old article being moved over because I hate Medium Today I want to take a look at a token project that I stumbled across today. It is called Slidebits. It is an ERC20 that is currently (in theory) accepting “donations” of Ether in exchange for tokens. That is not a joke, they are literally called … Continue reading How to Identify a Token Project that Deserves None of Your Ether: With Example →

A Bear’s Perspective on REP

A Bear’s Perspective on Augur Myles Snider has already written an excellent introduction to Augur and Prediction markets and for the sake of brevity I will not rehash it here. I highly recommend reading his piece before considering my piece: here. In this I will present a different perspective on the coin, focusing on potential regulatory … Continue reading A Bear’s Perspective on REP →