Turtle on a Fence Post

“If you see a turtle on a fence post, it didn’t get there by itself. If you see climate skeptics taking over a major political party only in the United States, that didn’t happen by itself either.” That’s the message in this video by Al Gore. The fossil fuel industry has paid a lot of … [Read more…]

The SEC DAO Report is Great News for Bitcoin

The SEC just published a report concluding that the DAO (Decentralized Autonomous Organization) set up on the Ethereum blockchain in 2015 qualified as “securities” under American law. Since neither the DAO itself or anyone else bothered with registering this security with the SEC, collecting over $150 million at the time was illegal. And having these … [Read more…]

Bitmain Hard Fork

Bitmain has announced that they will sponsor a hard fork of the Bitcoin network in early August. It is supposed to go live a couple of days after the UASF (user-activated soft fork), which has an activation date of August 1st, 2017. Bitmain is known for building mining hardware and running a mining pool. They … [Read more…]

Bitcoin Fork as Upgrade Mechanism

There are lots of altcoins. Taking Litecoin as an example, an altcoin modifies the Bitcoin protocol in some way or other, starts over with a completely new ledger and a new name. In contrast, there has been no fork of the Bitcoin network until now. A fork changes some rules like an altcoin project. But … [Read more…]

The Altcoin Risk: Regulation Backlash

Bitcoin already has already grown to over $36 billion market cap at the time of this writing. It will either grow much more and become mainstream like the Internet, or fail completely. One way it might fail is aggressive regulation. If all states decide that Bitcoin needs to go, they have quite a lot of … [Read more…]