Today I reread a piece from earlier this year by Caitlin Long explaining the sweeping Bitcoin-friendly legislation enacted over the last couple of years in Wyoming, USA. Together the 13 new laws provide a comprehensive, accommodative legal and tax regime for both individuals and companies involved in cryptocurrencies.… Read more
Month: December 2019
Bitcoin Mining Pool Protocol Upgrade: Stratum V2
Bitcoin just keeps getting more efficient and secure.
Individual bitcoin miners commonly pool their mining resources with other miners to earn a more stable stream of income. Instead of mining a block infrequently on their own, they instead earn a pro rata share of the mining revenue of the entire mining pool that they contribute their hash power to.… Read more
Bitcoin Minimalism
Here is a quick read written by Dan Held and Conner Brown that resonated with me. It’s a short read filled with simple ideas, so I don’t need to try and explain or add anything, but here’s a couple quotes that I especially liked:
… Read moreBitcoin Minimalism is about finding truth in yourself and your beliefs rather than in material possessions.
A review of “Modelling Bitcoin’s value with scarcity”
One more post on the stock-to-flow model since I think it’s a big deal, and then I’ll leave it alone until we have more data after the next block reward halving.
Here we have a pair of articles by Marcel Burger, another quant, that reviews PlanB’s stock-to-flow model, as featured two posts ago.… Read more
Falsifying Stock-to-Flow as a Model of Bitcoin Value
Piggybacking on yesterday’s post, here is a follow up by another anonymous quant, Nick. The title of the article is a little misleading, but makes sense given his method for scientific discover, Falsifiability:
… Read moreAccording to the great modern scientific philosopher Karl Popper, testing a hypothesis for an incorrect outcome is the only reliable way to add weight to the argument that it is correct¹.