12 years. Birthday wishes from Charles, who captures the sentiment and spirit perfectly. The cryptocurrency innovation that the Bitcoin has unleashed is just starting. Here’s looking forward to the next 12 years.
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Tag: Bitcoin
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The ‘problem’ with Altcoins
We’ve been spending some time lately looking through the Nakamoto Institute web site. You could perhaps say (unfairly?) it’s the spiritual home of the “Bitcoin Maxi”. It has a large amount of excellent references hosted that relate to the goals and design decisions that fed into Bitcoin. For example publications by Ludwig Von Mises on…
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Bitcoin Power Consumption
Some really nice work on the energy consumption of Bitcoin from the Cambridge Centre for Alternative Finance at Cambridge University. The current estimate is 10GW, with a lower bound of 3.94GW, and upper bound of 16.78GW. That’s 5 orders of magnitude higher than Cardano. If we assume approximately 50W per pool (reasonable for an efficient modern…
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Cross Chain Communication
This YouTube clip from Charles was released about 3 months ago, but does a great job explaining the approach to interoperability between chains, tokens, and native assets on the Cardano blockchain. This links back to the previous post on Open Source which touches on tokens. It explains how NiPoPoWs (Non-Interactive Proofs of Proof-of-Work) will be…
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The Bitcoin Life Raft
Raoul Pal (ex Goldman’s and CEO of Realvision) knows finance. He makes an interesting case for why BTC will increase in value in the next 5 years. Along the way he touches on important topics of monetary and fiscal policy and how the IMF and Central banks may look to use digital currencies to address…