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402 Payment Required, and why micropayments are doomed
Micropayments systems are doomed. Here is why.
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The latest blog posts to take off on Hacker News. 488 posts.
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What Was TON And Why It Is Over
telegra.ph/what-was-ton-and-why-it-is-over-05-122020287 points162 commentsCrypto & Blockchain details
For the last 2,5 years some of our best engineers have been working on a next-generation blockchain platform called TON and a cryptocurrency we were going to name Gram. TON was designed to share the principles of decentralization pioneered by Bitcoin and Ethereum, but to be vastly superior to them in speed and…
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How we recovered $300k of Bitcoin
Story time! Around twenty years ago, I was working as a reverse-engineer and cryptanalyst for AccessData while getting my Physics degree at BYU. It was the late 90s and early 2000s. The US governme…
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How to decrypt WhatsApp end-to-end media files
At the center of the "Saudis hacked Bezos" story is a mysterious video file investigators couldn't decrypt, sent by Saudi Crown Prince MBS t...
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A 96 Bitcoin ransom payment ends up on Bitfinex
"Hello, to get your data back you have to pay for the decryption tool, the price is $1,200,000... You have to make the payment in Bitcoin...
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The trillion-dollar lawsuit against Tether
Two Truths and a Take, Season 1 Episode 29
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SEC blocks the Telegram ICO – what this means, and what happens now
Telegram’s whole scheme was to skin precisely the retail buyers who securities registration is meant to protect from being ripped off.
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Open sourcing crypto-arbitrage bot in Python – back to the dawn of crypto hype
TLDR; Crypto-arbitrage bot code is released here - https://github.com/kruglov-dmitry/crypto_crawler. I can’t develop in c++ fast enough, not yet within golang sect, so have to use python. It was painfully educative fun. Chronicles of one crypto-arbitrage bot Some time ago friend of mine, innocent in terms of exposure…
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Bitcoin mining on an Apollo Guidance Computer
We've been restoring an Apollo Guidance Computer 1 . Now that we have the world's only working AGC, I decided to write some code for it. Try...
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Facebook, Libra, and the Long Game
Libra is less about an immediate benefit to Facebook, and more about creating a world where companies like Facebook have the best chance to prosper. That is why Facebook gave up so much control.
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Medical records on the blockchain – the history of a bad idea
Patients having some sort of “control” over their own medical data is a perennial favourite blockchain pitch. We may have found the source.
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Blockchain and Trust
In his 2008 white paper that first proposed bitcoin, the anonymous Satoshi Nakamoto concluded with: “We have proposed a system for electronic transactions without relying on trust.” He was referring to blockchain, the system behind bitcoin cryptocurrency. The circumvention of trust is a great promise, but it’s just…
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The Private Blockchain Fallacy
In all the blockchain hype, a simple, yet self-refuting idea keeps popping up: a Private Blockchain .
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The Blockchain Bubble Will Pop, What Next?
Last week, I flew from London to Tel Aviv. The man sitting to my right was a road warrior, just this side of a late-night bender in London. He was rocking an ostentatious pair of
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AI and Blockchain: An Introduction
At the kind invitation of Rob May and the Botchain team, I had the opportunity recently to keynote Brains and Chains, an interesting conference in New York expl
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Bitcoin is a Cult
The Bitcoin community has changed greatly over the years; from technophiles that could explain a Merkle tree in their sleep, to speculators driven by the desire for a quick profit & blockchain startups seeking billion dollar valuations led by people who don’t even know what a Merkle tree is. As the years have gone on…
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How I became Leonardo da Vinci on the Blockchain
Yesterday at the CogX conference, I sat in a room listening to companies pitch their blockchain based startups. Because I hate myself. One in particular caught my attention. On the surface it seems to solve an important economic problem - art forgery and provenance. By putting your artwork on the "BitCoin Blockchain"…
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Leaf-Node Weakness in Bitcoin Merkle Tree Design
This document describes a weakness in Bitcoin Design that reduces the security of SPV proofs and therefore SPV Wallets. The weakness was discovered by me on August 2017, but during the responsable…
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Basecoin, aka the Basis Protocol
See also Bitshares: Don’t walk away – run, Stablecoins are doomed to fail, Stablecoins are doomed to fail, part II, and Stablecoins are doomed to fail, part III. UPDATE, 4/18/18 –…