Money and State
Money and State
"Give me control of a nation's money, and I care not who makes its laws."

Bitcoin

4 posts
Thoughts on SegWit2MB (aka SegWit2x)

***** Update June 2017: The basic concept behind Lerner's SegWit2MB has evolved into "SegWit2x" and an agreement reached by many important industry participants at Consensus 2017 in New York in May.   All the arguments for, and my endorsement of, SegWit2MB apply equally to SegWit2x. I am hopeful SegWit2x finally breaks the impasse that has afflicted Bitcoin for 2+ years. http://www.coindesk.com/bitcoins-new-scaling-agreement-reaction/ http://www.coindesk.com/bitcoin-miners-unite-behind-scaling-proposal-segwit2x/ https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-b747e6326266 ***** On March 31, Sergio Lerner and...

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The True Cost of Bitcoin Transactions

It seems the Bitcoin community is not correctly tallying the true cost of Bitcoin transactions. The belief is that Cost = Miner Fee. We’ll show why this is wrong, but the fee is of course part of the cost, so let’s examine it first… Fees are currently averaging in the range of $0.30 to $1.00 per transaction. Here’s an anecdotal sample as I’m writing this: Block #451871   $1,287 in fees...

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Looting of the Fox

Looting of the Fox The Story of Sabotage at ShapeShift Bitcoin, as any system of man, exhibits together both the highest ideals of utopia, and the lowest residual trash of society. This is the story of how ShapeShift, a leading blockchain asset exchange platform, was betrayed. Not once, not twice, but three times in less than a month. In total, nearly two-hundred thousand dollars in cryptocurrency was stolen by thieves...

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It’s All About the Blockchain

Blockchain is so hot right now. 2015 was the year the narrative changed. Bitcoin is out, blockchain is in. Attend any financial conference and you'll hear panels about the brilliance of private distributed ledgers. Private blockchain initiatives like R3 CEV have attracted over 25 of the world's top banks to participate. Airports everywhere are displaying Bloomberg Markets' recent cover story, featuring Wall St. tour-de-force Blythe Masters sitting elegantly behind a...

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