Would BTC be good for the 3rd world, places like Africa, Asia and South and Central America?Continue readingBitcoin in the 3rd world
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Author: Ali Sherief
Editor-in-chief and serial coder & blogger.
Bitcoin is a currency, literally, in its infancy. The concept is, as far as I know, the first of its kind.Continue readingOn bitcoin generation, and bitcoin organizations
The larger the hash160 is, the more base58 characters required to represent its address.Continue readingHow many bitcoin addresses exist?
What else do you use to determine who is (approximately) one person?Continue readingNode influence proportional to CPU power
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Latency and locality
With a global p2p network, it is necessary to have all nodes receive the transaction, do some calculations and send results back.Continue readingLatency and locality
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Satoshi’s node-to-power ratio
The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used.Continue readingSatoshi’s node-to-power ratio
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Transactions – Trust No One
If knight’s “trust everyone collectively” meant, “trust in the process” I find that insightful and a good motto.Continue readingTransactions – Trust No One
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Bitcoin minting and botnets
If people believe that bitcoin is simply a way for botnet herders to convert spare cpu cycles into cash, they are unlikely to participate.Continue readingBitcoin minting and botnets
But I do think that is is really important to point out that all that CPU power and electricity usage is absolutely NOT required for the task at hand.Continue readingBitcoin minting: a critique of preceptions
I believe that the amount of energy input required to the bitcoin economy represents a serious obstacle to its growth.Continue readingBitcoin minting is thermodynamically perverse