I have something to confess; I have no patience or sympathy for idiots. When imbeciles impale themselves on reality I smirk and guffaw. With such a nasty attitude it won’t surprise you to learn that I really enjoyed the recent WannaCry Ransomware cyber attack. Judging from the mewling soiled diaper press you might conclude civilization … Continue reading I WannaCry about the Plunging Quality of Evil Geniuses
On July 25, 2014 I gave this short presentation about poking around the Bitcoin blockchain with J at the 2014 J Conference in Toronto Canada. Click to browse presentation PDF
The genesis block is the first block on the Bitcoin blockchain. Satoshi Nakamoto, the mysterious entity that created Bitcoin, mined the genesis block on January 3, 2009. It's been five years since the genesis block's birth and Satoshi is still unknown, Bitcoin is bigger than ever, and the blockchain is longer than 300,000 blocks and growing. One … Continue reading Parsing the Bitcoin Genesis Block with J
Recently Coinbase introduced payment pages. Here's my page. Payment pages simplify the process of paying with Bitcoins. In the last six months more and more businesses have started accepting Bitcoins. Once people get cryptocurrencies they inevitably start questioning the legitimacy of national currencies. This is all good. National currencies are part of the past. It's embarrassing to … Continue reading Your Bitcoins are Now Welcome!
In 2008 whatever residual trust I had in American democratic institutions was irrevocably shattered by the larcenous and criminal bank bailout. If you recall the bailout, the infamous “crap sandwich”, was overwhelmingly opposed by the public, initially rejected by Congress, but stuffed down our throats anyway. The sky was falling! The banks had to be … Continue reading Review: The Creature from Jekyll Island
The most intelligent comment I have read about Bitcoin is that it’s a perfect protest. Bitcoin went live in 2009 shortly after the 2008 financial crisis. The 2008 crisis was a defining moment. Prior to that date I believed that the US government, despite its obvious warts, short comings and long checkered history was still … Continue reading Bitcoin is a Perfect Protest
For the last two days my elderly laptop has struggled with the bitcoin-qt client while it downloaded and checked the entire Bitcoin block chain. This is one of the fascinating things about this "currency." Its entire global transaction history is public. It occurred to me that the Bitcoin economy is now large enough to verify basic macro … Continue reading Tipping with Bitcoins