Tagged: Economy

Bitcoin Wallets - What's the weather like?

Wallet and Trust – The Bigger the Better

In a distributed ledger system, trust is based on consensus mechanisms which require every user to independently obtain and validate the transaction blocks. The issue is that the size of the blockchain data may...

Satoshi Nakamoto, Puzzle and Paradox

Two years ago, artist Marguerite Christine (a.k.a. Coin_Artist) published a series of paintings called “The Legend of Satoshi Nakamoto”. Each painting represents a cryptographic puzzle hiding the key to a Bitcoin stash. Despite many...

Blockonomy.org

Cryptocurrency & Security: The Jackpot Question

From rag to riches, cryptocurrencies have something of the “Slumdog Millionaire” story, so here is one jackpot question for “Bitcoin Jamal”: Since the computational complexity of functions used in cryptocurrency systems is assumed (and...

Blockonomy.org

Short Selling Cryptocurrencies – The Devil’s Advocate

Most likely, Jamie Dimon (CEO of J.P. Morgan) did not talk innocently of a dollar-backed cryptocurrency while calling Bitcoin “a fraud”. Any currency that could fix the price level volatility (FED coin?) while taking...

Bitcoin Solo Miner: The Odds in 2017

Years ago, I won a book as reward for completing a little challenge which consisted of solving the following problem: While driving, I came across a milestone that read a two-digit number ab. One...