Here’s an excellent article that should be read and grokked by all who have an interest in cryptocurrency. Nic Carter lays out the design decisions that went into creating Bitcoin, and the reasons Bitcoin implemented the more conservative trade off in each of those design decisions.… Read more
Category: Bitcoin
Why Private Peer-to-Peer Payments are Essential to an Open Society
Here is a long read (27 pages) for the weekend, The Case for Electronic Cash: Why Private Peer-to-Peer Payments are Essential to an Open Society by Jerry Brito of Coincenter.org. While I don’t agree with Coincenter on many topics, this is a great primer or refresher for why Bitcoin is important.… Read more
Bitcoin is a Decentralized Organism (Mycelium)
I’m back! Dammit, posting regularly is tough. I can’t believe it’s already been almost a month since my last post *facepalm*. I’ve been extremely occupied with my coding boot-camp, but that’s no excuse. After all, consistency is the key to success!!… Read more
Planting Bitcoin – Dan Held
Holy shit, it’s not even two weeks after posting my 2019 challenge and I’m falling way behind the pace of posting on average of twice per week. I must do better!
To be fair, I have good reason–one afternoon a couple of weeks ago, I was frustrated with my quest to learn computer programming and abruptly decided to join a coding boot-camp in downtown Chicago. … Read more
SFFAS 56 – Federal Accounting Fuckery
Recently, an alarming and significant change to federal government accounting standards was quietly approved . As Matt Taibbi succinctly puts it, “The new guidance, “SFFAS 56 – CLASSIFIED ACTIVITIES” permits government agencies to “modify” public financial statements and move expenditures from one line item to another.… Read more