I vividly remember the first time I saw the Silk Road in mid 2012. Like a timid fawn venturing out into an unknown meadow, I fired up the Tor Browser, entered some gobbledygook into the address bar...
Attacks on Bitcoin A successful attack on Bitcoin means attacking Bitcoin’s value. There might well be a bug that could be exploited to put the network out of commission temporarily, but would soon … about Bitcoin’s Shroud of Subtlety and Allure
Bitcoin and the Agency Problem Whereas for earlier moneys, it was generally the case that most people could expect to be better off storing the bulk of their money with agents, for Bitcoin's Rugged Individualism
Introduction Appcoins.1 What a great way to fund an open source project, right? The idea began with Mastercoin, but seems to have jumped from there to become its own meme. You just create an app, and … [Read more...] about Appcoins Are Snake Oil
Bitcoin entrepreneurs have yet to appreciate fully collaborative nature of the Bitcoin economy and its implications for entrepreneurial strategy. Every successful entrepreneurial act improves The Correct Strategy of Bitcoin Entrepreneurship
The Value of Money No matter how many times Bitcoin grows by orders of magnitude, holdouts still remain who argue that it is a bubble destined to fail. To address this claim, I will describe a theory … about How We Know Bitcoin Is Not a Bubble