Op-ed

There Will Be No Decentralized Autonomous Organizations
Members Public

The following text was first posted back in July 2016. Does it hold up today? There's been a lot of talk about the idea of a DAO, but the closest we come to a "real" DAO (a "Decentralized Autonomous Organization") is the Bitcoin network itself. But – of course, it's not

Webonanza - Analysis & News You Can Use
Webonanza - Analysis & News You Can Use
Op-ed

Don't Trust Anyone Alone
Members Public

Technologists often rave about new mechanisms just because they are possible – remember for example how 3G video telephony was going to "revolutionize mobile communication"? Mobile operators lost a staggering amount of millions on ads believing in that techie dream only to find out nobody wanted 3G video telephony (I know,

Webonanza - Analysis & News You Can Use
Webonanza - Analysis & News You Can Use
Op-ed

How to think like Bitcoin
Members Public

Bitcoin does not care what anyone in particular "needs". This post was written in 2015. It's still valid today. If you try to think about it from "Bitcoin's perspective" – if you try to "be Bitcoin" – then many of today's arguments and debates around the development of the system seems meaningless.

Webonanza - Analysis & News You Can Use
Webonanza - Analysis & News You Can Use
Op-ed

Is Bitcoin Mining An “Energy Waste”?
Members Public

By Nanok Bie, October 6, 2015 This post was written in 2015. Does it hold up today? The argument that mining (verifying transactions and timestamping information) in the Bitcoin network is a “waste of energy” has been repeated over and over by people looking to copy Bitcoin, by uninformed VC’

Webonanza - Analysis & News You Can Use
Webonanza - Analysis & News You Can Use
Mining

The problems with altcoins, like Neucoin
Members Public

Commentary. Lately an altcoin with the name Neucoin has been advertising its impending launch claiming to "solve Bitcoin's problems" (whatever they may be). But there are no alternatives to Bitcoin (in providing the main chainvalue-transferring mechanism), as you'll see after reading the text below. Neucoin is just an example of

Webonanza - Analysis & News You Can Use
Webonanza - Analysis & News You Can Use
Op-ed