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New
The latest blog posts to take off on Hacker News. 84 posts.
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Satoshi leaked his Los Angeles IP address (2016)
Chapter 6 – California In the Jan of 2009 when Hal and Satoshi were working on Bitcoin Alpha version, Hal encountered an error with the software and he posted the debug log to the mailing lis…
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Why Web3?
Over the last month, there has been a ton of debate and conversation about web2 vs web3 with many leading voices raising doubts about web3. Debate and doubt are healthy. And web3 enthusiasts, particularly on Twitter, remind me of missionaries trying to recruit the unwashed to their belief system. Frankly, it is all…
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“Play-to-Earn” and Bullshit Jobs
In Bullshit Jobs: A Theory , David Graeber makes the case that a sizable chunk of the labour economy is essentially people performing useless work, as a sort of subconscious self-preservation instinct of the economic status quo. The book cites ample anecdotal evidence that people perceive their own jobs as completely…
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An NFT without a blockchain
This is a small proof-of-concept. It relies on PGP - but you could use Keybase, GPG, or any other hard-to-use encryption program. Background Suppose you want to support an artist and give them money. That's easy. Most artists take PayPal, bank transfer, or cash. But how can you prove that you've paid an artist for a…
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Is Web3 anything?
The term “web3” seems pretty fluid and is being used as a label for a bunch of disparate ideas. Given that it’s a decentralized group describing a decentralized movement, that lack of focus isn’t exactly surprising. Almost by definition it’s going to end up being different things to different people.
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The biggest crypto lending company is a ponzi scheme
With over $20b in assets under management Celsius Network is the biggest centralised lending platform in the crypto space.
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Web3 Is Not Decentralization
It's just not. Here's a deep dive into why, exactly, I think that.
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Web3? I have my DAOts
The promise of a decentralized and trustless future is forever just that: a promise, and in the future.
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Is Web3 Bullshit?
And is that even the right question?
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Web3 is not Decentralisation – it’s a Ploy to put Crypto Bros in Charge
People are right to be concerned about the centralisation of power on the Web — but we embrace blockchain at our peril
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Bank transfers as a payment method
Bank transfers have exploded as a payment method in India and may become more common in much of the world.
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Bitcoin's Energy Usage Isn't a Problem. Here's Why.
Updated for 2023, this report is a deep dive on Bitcoin's energy usage and long-term scaling approach, with data tables and case studies.
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NFT misconception: JPEG aren't stored on the Blockchain
Today’s biggest misconception about NFTs is that they’re “jpeg” images stored on the Ethereum blockchain, it’s not. Probably because that digital art can be easy to visualize, and famous artists attempt today to sell their digital art as an NFT on a platform such as Opensea, it has gained lot of attention these past…
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Ethereum Services Are Centralized
EDIT: I would have fleshed this out more had I known it would be so widely circulated, but to address some common criticisms:
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Len Sassaman and Satoshi: A cypherpunk history
We’ve lost far too many hackers to suicide. What if Satoshi was one of them?
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Bitcoin is a Ponzi
that expectation is sustained by such profits being paid to those who choose to cash out. However,
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Cryptocurrencies’ Carbon Footprint Underestimated
Back in April I wrote Cryptocurrency's Carbon Footprint about the catastrophic carbon emissions of Proof-of-Work cryptocurrencies such as B...