Latest BTC News

Bitcoin Cryptocurrency mining on Circuit Board Blockchain
Tech 6 April 2022

Economic implications of big block Bitcoin

The current innovation of ASIC miners to make hashing as powerful as possible while efficient as possible is not accounting for a scenario of fee income rising.

Twitter page for Elon Musk
Business 6 April 2022

Elon Musk buys into Twitter, world braces for Doge maximalism

It’s unclear whether Musk sincerely desires to improve Twitter to preserve ‘democracy’ or whether he simply believes that buying a major stake will allow him to tweet whatever he likes without fear that he’ll be struck off the platform.

Ethereum
Tech 5 April 2022

Attempts to scaling Ethereum in 3 different ways

In this article, Jerry Chan explores each of the three strategies in scaling Ethereum and why none will achieve the intended goal, as none addressed the lack of scalability of the layer 1 blockchain.

Infinite
Editorial 2 April 2022

Infinite and unbounded

Turing completeness does not require an infinite tape, and it was not an infinite tape that Turing mentioned in his paper; it was an unbounded system.

Mobile phone with webpage of American technology company Ripple Labs Inc. on screen in front of logo. Focus on top-left of phone displa
Business 1 April 2022

BTC v Ripple in proof-of-climate-change dust-up

The co-founder of ‘crypto’ token/commodity Ripple wants BTC to shift to a Proof of Stake consensus mechanism, apparently because he believes the hobbled BTC tech is still not hobbled enough.

Gold bitcoin coin with bull stock chart
Editorial 29 March 2022

Bitcoin and property rights

The original Bitcoin was created to support property rights under the framework of the rule of law and increase productivity with unbounded scalability and low costs. BTC is the opposite.

Bitcoins and gold bars
Editorial 29 March 2022

Banking old wine in new bottles

Many industries are trying to find ways to turn Bitcoin into something else. They want to make digital gold, but Bitcoin isn’t digital gold.

Selective focus of silver bitcoin and piles of bitcoins behind
Editorial 27 March 2022

Taproot: Building a mixer

The false belief of the BTC community hold lies in thinking that if you mix the inputs, the now “untraceable outputs” will no longer be seized or be outside the area law enforcement can cover.

Weight scale with bitcoin business in front of rising chart
Business 26 March 2022

Defining scaling

Numerous arguments abound on scaling blockchain-based systems like Bitcoin, but according to author Dr. Craig Wright, the scale or grade represents the transaction volume that the system can handle.

Astronaut meme over a crypto trading chart.
Editorial 25 March 2022

Why fewer people HODL

Blockchain enthusiasts use to tell the world to HODL every time the price of digital assets dropped or plummeted, but now, it seems like the HODL strategy has been retired.

Coins of Bitcoin are falling from laptop screen.
Tech 25 March 2022

A rational argument around nodes

The only purpose of running a 'node' that doesn't create blocks is to monitor and receive transactions quickly and validate transactions receipt faster. There is no benefit to the network overall.