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No Bitcoin-based protocol can handle more than 20M users per month
To solve Bitcoin’s scalability challenge, many so-called layer 2 protocols have been proposed. All of these protocols operate on the same, relatively simple, principle:
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Ten years in, nobody has come up with a use for blockchain
(Sequel here: Blockchain is not only crappy technology but a bad vision for the future.)
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IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency
In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.
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Bitcoin mining on a vintage Xerox Alto: very slow at 1.5 hashes/second
I've been restoring a Xerox Alto minicomputer from the 1970s and figured it would be interesting to see if it could mine bitcoins. I coded u...
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The Token Effect
Cryptocurrencies and tokens are becoming increasingly popular. In this post, we’ll explore the context that triggered this frenzy, the new possibilities tokens unlock, and why people are excited about its future.
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A peek under Bitcoin’s hood: Writing a client that can create a transaction
Sam Lewis is a Melbourne based geek who develops cool bits of code. He likes data, embedded stuff and AFL.
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Three Delusions: Paper Wealth, a Booming Economy, and Bitcoin
The reason that delusions are so hard to fight with logic is that delusions themselves are established through the exercise of logic. Responsibility for delusions is more likely to be found in distorted perception or inadequate information.
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The blockchain paradox: Why DLTs may do little to transform the economy
Vili Lehdonvirta is an expert on the politics and economics of digital platforms. His current research focuses on the geopolitics and geoeconomics of digital infrastructures.
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Tulips, Myths, and Cryptocurrencies
Did you hear the one about the tulip bubble? It’s almost certainly a myth. It is myths, though, that explain why cryptocurrencies are here to stay.
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Wind energy used to mine cryptocurrency to fund climate research
Wind energy used to mine cryptocurrency to fund climate research Oliver 2017
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The Bitcoin Apocalypse Is Coming in Mid-November
[UPDATE: This post was originally said that the SegWit2X fork will happen on November 1. In fact it is scheduled to occur on block 494,764 ...
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AI Hedge Fund Goes Live on Ethereum
Numerai just released 1.2 million Numeraire tokens on Ethereum to build a bridge between artificial intelligence and the stock market.
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Selling Bitcoins in Canada
In 2013, I bought a few Bitcoins from a dude in a coffee shop, paying with hundred-dollar bills. Later that year I sold enough to get my money back . Then I forgot about them, Bitcoin’s price gyrations occasionally registering in a corner of my mind. But earlier this month I decided to find out if the remainder could…
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Crypto for kids
When, in the spring of 2030, he almost incidentally invented the most terrible biological weapon known to humanity it took him about three seconds to realize that should his invention fall into the hands of one of the superpowers -- or into the hands of any common idiot, really -- it could well mean the end of the…
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How to create a private Ethereum network
Omar Metwally, MD University of California, San Francisco DDASH – Ethereum Operating System for Knowledge Creation and Sharing ============================================= Github repo…
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Class Breaks
There’s a concept from computer security known as a class break. It’s a particular security vulnerability that breaks not just one system, but an entire class of systems. Examples might be a vulnerability in a particular operating system that allows an attacker to take remote control of every computer that runs on…
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Red Lang goes blockchain
Here we are, ready to leap into the future. This is a new page opening in the Red history book. It is a great day for us to finally be able ...
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Lisk: Blockchain development in JavaScript
Company news, product updates, and guides for finance teams running money operations globally.