Category Archives: Uncategorized

bitcoin is deeply magical

“magic, in the nonfigurative sense of the word, is the art and science of causing change in consciousness in accordance with will….. The stuff that appears in Harry Potter and other works of fantasy fiction under the label of ‘magic’ … Continue reading

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Sybil-Resistant User Generated Business Actions (will not work)

Some thoughts, apologizing in advance for unrefined note-taking form. ugc = user generated content = basic business model for web 2.0 (get your users to create low quality content for free, sell clicks). ugc/web 2.0 is a ponzi, the successor … Continue reading

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Classic Hash Rate down 50% From Peak

Classic hashrate has more than halved in last two days. peak 120 PH, now 53. So we know miners are either turning classic off, or playing around with switching between classic and core. If miners are switching off, this tells … Continue reading

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How Satoshi Could Sell his Stash without Tanking the Bitcoin Price

Satoshi Nakamoto, the anonymous creator of bitcoin, is believed to hold up to 10% of all bitcoins in existence, from his mining operation in 2009 before bitcoin was on the scope of anyone outside a handful of cypherpunks on a … Continue reading

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If you can’t provision a good hiding place for your hardware wallet seed phrase… maybe you don’t need to back it up in the first place. (Use multiple wallets plus pin instead)

Hiding stuff is hard. Too easy, and an attacker can find it. Too hard, and you may wind up hiding it from yourself. Or from the people that should inherit if you die. This is the dilemma of people who … Continue reading

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The Necessity for Trezor in a Post-Snowden World

by Thomas Hartman and Dawn Parker In 2013 Edward Snowden revealed that for decades, the NSA has been breaking security so that they could have your passwords. The NSA did the hard part of systematically undermining security by infiltrating the … Continue reading

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A greek “stay in euro” vote is most bullish for bitcoin

Greece is voting on whether to stay in the EU, and accept some punishing social policies (“kick the can”); or go back to the drachma, and be exiled from the hard money club for a while (“grexit”). Briefly, I think … Continue reading

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