Lightning Network -- Fundamental Limitations

04 Apr 2022

I use basic arithmetic to derive limitations of the Lightning Network. Because the analysis is so basic, I hope it will [1] stand the test of time, and [2] be easier for everyone to understand.

Continue Reading →

Security Budget II, Low Fees, and Merged Mining

15 Oct 2021

BTC transaction fees are low today. They will probably stay low, forever. By themselves, they will not be enough to fund hashrate security (as Satoshi intended). Fortunately, merged mining (another Satoshi invention) will ride to the rescue.

Continue Reading →

Sidechain For BitNames/Logins/DNS, Taking on ICANN

05 Feb 2021


Continue Reading →