When I first got into Bitcoin, I tried to imagine what could go wrong and could never really think of anything. I never thought that it would turn into a cult. In retrospect, it should have been … [Read more...] about How to Fight Cults
Tom Bombadil Is the Most Intelligent Character in Lord of the Rings Tom Bombadil believed that the Sauron problem would work itself out on its own eventually and saw no need to concern himself with … [Read more...] about How to Face Bitcoin Forks
Introduction John Maynard Keynes famously said that “the market can stay irrational longer than you can stay solvent.” But the converse is also true: the market can become rational suddenly, and … [Read more...] about Crashes and Hyperinflation
Out of the Memory Hole I wrote an article a couple years ago called “Who Controls Bitcoin?” which argues that it is not the miners or the core devs who control Bitcoin; rather, it is the investors. … [Read more...] about Who Controls Ethereum?
Blockchain Technology The Bitcoin world is full of people who know nothing about economics or cryptography; they only know that they could have made millions if they had not sold at the bottom. These … [Read more...] about It’s Not About the Technology, It’s About the Money
A common and understandable concern about Bitcoin is that it might become corrupted at the protocol level to serve special interests rather than the unwashed masses. For example, features might become … [Read more...] about Who Controls Bitcoin