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Hello! A project and a blog once lived here. Now, by popular demand, my project has changed its name to Hivemind and found a new home. (All old hyperlinks will continue to work.)
Still, this blog remains!
It’s a great blog.
Consistently winning praise, retweets, and upvotes from Bitcoin Experts around the web, this blog is famous for getting the “last word” on topics such as:
- When blockchains are useful, from First Principles.
- Why Proof of Stake isn’t cheaper, and isn’t better than Proof of Work.
- Why Smart Contracts are Bad for Bitcoin, but Oracles are Good, and How to Fix Smart Contracts.
- Bitcoin and Deflation - Why the focus on macro is a waste of time.
- The “BitUSD”, namely “why it was always going to be a dissapointment”.
- Decentralization - how to measure it and how to increase it.
- …and much more!
What’s the Point?
The synthesis of everything that I’ve written so far is that Bitcoin is a specific solution to a specific problem. Attempts to generalize Bitcoin’s “blockchain” to new areas will, in general, end in failure.
Ironically, I’ve done exactly such a generalization with my own Bitcoin 2.0 project! And, believe it or not, I even have two other Bitcoin 2.0 projects planned!
So I suppose the real message is “you’d better run it by me first”, or “read this blog to learn about the things you should avoid”.
On that note: every single entity on coinmarketcap.com, with the exception of Bitcoin, and, arguably, the Bitcoin-metacoins, is inherently flawed. By this, I mean, each has a negative economic value and should be abandoned. Even the metacoins won’t last, they are inferior to imminently-arriving alternatives.
The opinions expressed here are my own and not at all necessarily shared by Bloq Inc. In general, I cannot understate the complexity of modern blockchain technology. Many of the smartest, most experienced, and most-hardworking people I have ever met, have worked in this area and made mistakes and embarassed themselves (myself included, of course). Anyone with a shred of wisdom will think twice, preferably several times, before relying on any of the blockchain-information presented here. I happen to believe that this is the best blockchain-econ writing on the internet (I wouldn’t write it if I didn’t think people needed to read it), but just because it is “the best”, doesn’t necessarily mean that it is “any good”.
Email: truthcoin /at/gmail/
PGP Key: F162C410
My [Twitter](https://twitter.com/Truthcoin) Office Hours are 8-9 AM, 5-6 PM, and while riding in elevators.