Topics /
Crypto & Blockchain
The most popular blog posts about crypto & blockchain on Hacker News. 488 posts.
Using Benford’s Law to Detect Bitcoin Manipulation
Economist Gary Smith sends along this post with the above title and the subtitle, “Market prices are not invariably equal to intrinsic values.” Here’s Smith:
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…
What is an elliptic curve? (2019)
The informal definition of an elliptic curve is simple. The formal definition is more involved.
Coinlist
Some interesting developments that we have been working on came public yesterday. Protocol Labs, a company that builds blockchain-based protocols laid out its ambitious roadmap and finally got around to announcing the seed investment USV and others made in it last year. My partner Brad Burnham wrote a blog post on…
Cryptographic vulnerabilities in IOTA
Last month, Ethan Heilman, Tadge Dryja, Madars Virza, and I took a look at IOTA, currently the 8th largest cryptocurrency with a $1.9B…
90% of crypto's Illinois primary spending failed to achieve its objective
The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents. The PACs' only victories in the state…
An Economic Analysis of Ethereum
Originally published: January 2021 The anonymous founder of Bitcoin, Satoshi Nakamoto, solved the hard problems associated with digital scarcity with a white paper in 2008, and launched Bitcoin in 2009. After that invention, numerous other projects came in its wake. There are now over 8,000 separate digital assets…
Perpetual futures, explained
Crypto’s most popular product offers capital efficiency for professionals, leveraged exposure for the masses, rich yields for market makers — and a poorly understood failure mode.
Bitcoin transaction malleability: looking at the bytes
"Malleability" of Bitcoin transactions has recently become a major issue. This article looks at how transactions are modified, at the byte...
Bitcoin is Not Anonymous
TL;DR Bitcoin is not inherently anonymous. It may be possible to conduct transactions is such a way so as to obscure your identity, but, ...
Leaf-Node Weakness in Bitcoin Merkle Tree Design
This document describes a weakness in Bitcoin Design that reduces the security of SPV proofs and therefore SPV Wallets. The weakness was discovered by me on August 2017, but during the responsable…
Elliptic Curve Cryptography: A Gentle Introduction – Part II
In the previous post , we have seen how elliptic curves over the real numbers can be used to define a group. Specifically, we have defined a rule for point addition : given three aligned points, their sum is zero ($P + Q + R = 0$). We have derived a geometric method and an algebraic method for computing point…
On Web3 Infrastructure
In recent months, there has been a resurgence in the usage of the term “web3”: a nebulous term that (like it or hate it) has suddenly become a banner for much of the innovation happening in the space of blockchain and distributed ledger technology. The term has been around for a while (since 2014 when Gavin Wood…
Why is Bitcoin forking?
A tale of differing visions
Nostr and ATProto (2024)
This post could’ve been titled “Nostr vs ATProto”, but that really isn’t what I wanted to do here. While I will be comparing and contrasting them a lot, and that’s kind of even the point of writing this, I didn’t want to really pit the two against each other at all, and especially not with the title. I also want to…
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
The “strategic reserve” exposes crypto as the scam it always was
Today, President Trump announced that the US Government would begin using taxpayer dollars to systematically buy up a variety of cryptocurrencies. Crypto prices shot up on the news. This is revealing, as crypto boosters have argued for years that cryptocurrency has legitimate economic value as a payment system outside…
My view on the current situation of Bitcoin and the Blockchain
In a previous post, I wrote that I believe the Blockchain has the potential to be as disruptive -- and...
Who Is Planting Backdoors in Ledger Crypto Wallets?
The theft last week of an estimated $100 million in crypto using a hardware backdoor planted in Ledger wallets points to a sophisticated and systematic attack aimed at subverting crypto wallets sold by legitimate resellers in Asia and Europe