Individuals who mine Bitcoins needn’t be miners. We call them ‘miners’ because they are awarded BTC as they solve mathematical computations. The competition to unearth these reserve coins also serves a vital purpose. They validate the transactions of Bitcoin users … Continue reading
Research can seem bland to us laypersons. But, Marko Vukolić shares many of my research interests and he exceeds my academic credentials (with just enough overlap for me to understand his work). So, in my opinion, his writing is anything … Continue reading
I was asked to answer this question by an editor who—like Mike Hearn—presumes that Bitcoin will die because of the current forking crisis. I believe that the future for both Bitcoin and the Blockchain is bright, despite current issues related to … Continue reading
Anyone who has heard of Bitcoin knows that it is built on a mechanism called The Blockchain. Most of us who follow the topic are also aware that Bitcoin and the blockchain were unveiled—together—in a whitepaper by a mysterious developer, … Continue reading
The founders and co-chairmen of the Cryptocurrency Standards Association have a friendly—but passionate—disagreement on the need for a public registry that lists tainted bitcoins. Arguments For and Against a registry are presented below. To view the arguments side-by-side, click the image below (same content):
December 2017 Update: In a major update to the article below, I describe a different methodology for determining Bitcoin fair value. Since Bitcoin is gaining traction as a reserve currency rather than a daily payment instrument, it presents a more … Continue reading
Let’s start with a disclaimer: I am invested in capital markets and especially in my own ventures. But I never discuss investments beyond my family and an occasional paid professional (a tax adviser, accountant or estate planner). I am not … Continue reading
I originally wrote this in April 2011 as feedback to this article in PC World. Even this reprint appeared before Edward Snowden broke similar news. __________________________________________________________ The article linked above begins with these words: Law enforcement organizations are making tens of … Continue reading