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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way. дальше »

2018-7-21 23:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place. дальше »

2018-7-21 23:03


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Bitcoin Price Too Cool for School, Altcoins Can’t Hang

Bitcoin has many cryptocurrency traders feeling bullish after making a strong move to reclaim a position above $7,000. Many altcoins, however, have failed to keep up. Ethereum Starting from the top, the first altcoin which has failed to keep pace with Bitcoin price is Ethereum (ETH), the second-ranked cryptocurrency by market capitalization and leading operating system featuring smart contract functionality. дальше »

2018-7-20 12:45


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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name. дальше »

2018-7-13 17:16


Bitcoin Futures Trading Volumes Are Too “Negligible” to Affect Bitcoin Prices: Bitcoin (BTC) Technical Analysis

It’s the dawn of a new month and in what will likely be the beginning of Bitcoin reversing previous losses. For perspective, Bitcoin prices are up three percent in a week over week basis. Because of these developments, Bitcoin bulls can begin looking for triggers on dips to load up in lower time frames. дальше »

2018-7-2 03:04