Bitcoin

I study Bitcoin for a while now (crypto-peaks.com is my website, it runs one old version, I made a bit of progress since then)

Zero knowledge proof - read it.

So, you want to do another Dash fork

Short answer : don't

At this point of the game it makes little sense. Better find some existing powerhouse and help them. The question is not how long the fork will take, but would it be allowed to happen at all. Miners don't like when somebody disrupts the status quo and they have lots of power. Obviously. I've been contacted about dash forks several times by this time. One of the last McAfee projects was a dash fork. I have a way to make your project happen, but it will not be the way you want. Instead of running towards a disaster, first need to build defense. Defense will be your own token (like fuse.io) then circulation, then bonding curve. It's not a big deal really. Just do what this guy did: Story of Energi
(Not an endorsement of their timeline, but it's endorsement of their method, that can be applied to pretty much any case)

October 22 2021

Why bitcoin is unique:

1) Fungibility: Unlike other commodities (like oil, wheat or even gold), there are no varieties, purities or geographical versions of bitcoin. A bitcoin is a bitcoin. 2) Transportability: Bitcoin has no physical manifestation. As a result, it can be instantly transported from one location to another, anywhere in the world, at a cost approaching zero. 3) Exchange Tradability: Most commodities trade over-the-counter or rely on representative, derivative futures contracts because they lack the characteristics listed above. Bitcoin is unique in that it trades directly on exchange, allowing for open price discovery

October 26 2021

The head of the snake is in Europe

November 03 2021

What is my angle

I do bonding curves. It's not much, but I do them better, than many people on this planet. They moved all the people, who do that, from USA to HK. The last ship sailed a few months ago.

  1. In this 'crypto bubble' the only thing that they care about is how much (legal) money you can make using your idea (whatever the idea is).
  2. They don't fund nobody (that's by design, the logic is that if you can't make money trading, you don't know what you're talking about).
  3. Not only they don't fund, they take pride in trying to steal from you (because "should be solid") basically, there are many unspoken rules in that crypto bubble.

November 04 2021

What is Bitcoin?

They ask many people about it recently and (professional) people tell bunch of nonsense. The reason is that we all have our limits. "Internet is a series of tubes" was not really far off. If Internet is a series of tubes to transfer bits and bytes, Bitcoin is a bunch of bits and bytes. With *huge* (but hidden) humanitarian payload attached to those bits and bytes. And the process only begun 4 years ago. Or 2000 years ago. Or 5000 years. Depends whom you ask.

November 05 2021

So, you want to do your latest and greatest Blockchain

Short answer: don't

Pick up after 2018 vintage. There is (was) a surplus. Can start with pink one.

November 17 2021

Put down your forks

Many open source projects lose their way after the dude, who wrote the core engine - disappears. Bitcoin is no exception. The BCH was the way out, but they missed the opportunity. There is no need to fork codebases to do a fork. Original Bitcoin engine had everything to scale out. Still has. I figured out a way do NFTs on BTC. No fork.

November 27 2021

Crypto disruption

Was only possible by introducing a major distraction. In non-random world, Frequentism beats Bayesian systems. The more randomness - the stronger Bayesian system becomes.

December 12 2021

Crypto scammers are cornered

Behavior of crypto scammers turned erratic, aggressive and toxic.

December 13 2021

3 formulas

  • Formula of Classic fintech
  • Formula of Crypto fintech
  • Formula of Last Few Years
  • December 14 2021

    It peaked

    9/10ths of the total BTC supply has now been issued. Remaining 10% of supply set to be minted over the next 119 years or so, ending somewhere near the year 2140.

    What once was a reliable outflow of spending from miner wallets has shifted since 2019, and miners are now depositing more minted supply into their treasuries than before. The chart below shows the 90-day sum of Miner Netflow Volume (in USD) as a percentage of Market Cap, and the multi-year rise is evident. If miners evolve into being HODLers, a group who are naturally incentivized to spend, then acquiring new Bitcoin into the future could become exceedingly difficult.

    Some people know digital. Some people know biology. Some people know politics. Nobody can know the whole three things equally well. Impossible. There is also aspect of knowing / doing.

    December 21 2021

    IOU on BTC

    It is missing and there is zero justification for that. It's very simple to implement and the only barriers are legislative. Now that I think about it, all those fortunes created in USA, they were all purely legislative. For example, Pay Pal was given a legal monopoly on Internet money. Nobody can go bankrupt being the only Internet money on the whole planet. Same with Amazon - accounting trick. One click patents. All legislative plays. Crypto is of course the same.

    December 23 2021

    Taleb on BTC

    Bitcoin, Currencies, and Fragility
    Cryptocurrencies require a sustained amount of interest in them.

    The charts in his PDF say it peaked. I'm not sure about "zero", though.
    The PDF has no date on it.

    Jan 01 2022

    Kazakhstan

    Bitcoin slumps to a three-month low
    Many crypto miners fled China for neighboring Kazakhstan over Beijing's ban on virtual currency mining. Kazakhstan's internet shutdown took as much as 15% of the network offline, according to some estimates.

    Edgy calm in Kazakhstan
    But NetBlocks, a global Internet monitor, said that connectivity was still at about five percent of normal levels as of Saturday morning.

    Jan 08 2022