At one point I tried to learn about a token called Kimchi. That token no longer has any volume or value to speak of. I decided to summarize some facts about the failed crypto entrepreneur Jacob Kostecki. Today, the class action lawsuit against him has entered default judgement. I wrote about a deeply exploitive scam … Continue reading Predictions and Outcomes
Tag: rants
A Luddite Technologist
n.b.: This is more rant and less article. If you expect structure or coherence perhaps this will not be the experience you want tonight. I believe I must have gotten dumber, for the machines seem to now be smarter. Before they had no ability to recommend, sort, tag, and partition. Now, they Just Work (TM). … Continue reading A Luddite Technologist
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
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
Untethered Tether: Old Developments
Note: This post is out of date but is part of my transition away from Medium. So today we are going to take a look at some of the Tether drama that has occurred over the last week or so, and it gets interesting fast. Background: There has been a theory for a while now that … Continue reading Untethered Tether: Old Developments