How to Attack the Dollar with Circle
I smell a mania coming on. I have come to this conclusion not only from careful and rigorous technical analysis of the Bitcoin price chart, but from consulting the alignment of the...
Bitcoiners, Stop Worrying About Everything!
Working in the Bitcoin world is like working for a drug addict with bipolar disorder. There are brief periods of astonishing, irrational exuberance followed by long periods of deep...
The Terror of Mining Pool Centralization
One of the many issues that has a lot of Bitcoiners periodically soiling their pants in fear is that of mining pool centralization. Earlier this year was a crisis with GHash.io and in...
Bitcoin’s Compound Rewards
If there were a set of rules such that the people who followed them were rewarded in a way that increased with the total number of followers, then each person involved has the...
The Optimal Block Size
In this article I will explain how the size of Bitcoin blocks is determined in the absence of an arbitrary size limit. Oleg has already written an excellent post on this topic, but I...
Explaining Public-Key Cryptography
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The Two Ideologies in Bitcoin
There are two ideologies in the Bitcoin world. They are not political ideologies; they are different visions of Bitcoin’s place in the world and how adoption will happen. One of...
Bitcoin Is Not Inflationary
This year, in 2014, the number of owned bitcoins will increase by somewhere around 11%, or around 1.5 million coins. The numbers cannot be calculated exactly because we don’t...