Category Crypto

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Bitcoin and Grain: a tale of two custodies

FTX’s collapse demonstrated the wisdom of segregating the activities of market making on the one hand (Alameda) from those of running an exchange (FTX) and a custodian (FTX again) on the other. However, the question of whether to segregate the…

BITPACS: Emulating DAOs on Bitcoin

I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs. Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig wallets with the…

Instant Settlement Series: It’s Not About The Money

Instant settlement profoundly transforms our behavior as it reconnects us with the elemental laws of nature. The existing paradigm mirrors the primal imperative of reaping benefits in exchange for labor–working to survive, but the pay-per-time system in the labor market…

Final Agreement On EIA Emergency Survey Released

The final agreement between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration has just dropped, and it’s a good one. In sum, the EIA will voluntarily terminate the illegal EIA-862 collection action they initiated, and…

Anduro: A Network of Sidechains

Marathon yesterday announced their Anduro layer two proposal. While there aren’t really any fundamentally new pieces or developments in the Anduro design, they do compose in slightly different ways compared to other existing sidechain systems such as RSK or Liquid…

The Sabotage of Bitcoin

“Government agents are not active in Bitcoin developer and influencer circles.” – Government Agents, probably As the war for global monetary supremacy wages on, you have to assume that the state is actively operating information warfare. This means that the…

Layer 2 Is Not A Magic Incantation

A common chant from many in this space these days in response to any discussion of changes to the Bitcoin protocol is “Don’t mess with Layer 1! You can just build it on Layer 2!” This seems like a very…

The New Satoshi Emails: 120 Pages Detailing Work on Bitcoin

Satoshi Nakamoto’s earliest collaborator Martii ‘Sirius’ Malmi has released his entire email correspondence with Bitcoin’s creator. Spurred by an ongoing lawsuit in the U.K., the new emails are the most significant addition to the canon of what we know about Bitcoin’s…