Paul Sztorc
More from this author
Arguments for Bitcoin maximalism are starting to falter
Since Bitcoin's share of the total crypto market capitalization has dropped from over 90 percent to years ago to lows of around 50 in the past 12 months it's timely to reassess the Bitcoin maximalist tenets. How have they stood the test of time?
The mirage of miner centralization
Miner Centralization is hard to define. I present three unsatisfactory definitions, and discover a satisfying fourth (“the cost of the minimal viable mining operation”) along the way. Mostly it is just confusing.
Blind Merged Mining
In pursuing my goal of Bitcoin prediction markets, I was drawn to sidechains as the only realistic implementation strategy. I even sketched out some way that they would have to work, in early 2014. My friends an I worked on my own project, while waiting for sidechains to be developed.
Upgrading ‘Smart Contracts’ to ‘Wise Contracts’
“Smart contracts” is a phrase which is often difficult to define. Let me help: a “smart contract” is a contract which enforces itself! Nick Szabo gave the example of a vending machine. You insert the money, and the machine lets you take back either [1] your money, or [2] some merchandise.
