paper in question is “Watermarked tokens and pseudonymity on public blockchains.” Rather than re-litigating it, let’s pull out two small
potential scenario several times in the past including in mid-2015, dubbing one gated flavor “permissioned-on-permissionless” — it is a weird hydra that combines the worst of both worlds (...
https://www.ofnumbers.com/2015/07/27/what-is-permissioned-on-permissionless/#comment-3861803
Even Proof of Stake blockchains are too expensive to be practical for most applications. Exhibit A - EOS. Ricardian Contracts, or you might call it, a cryptographic ledger, is far more useful and...
https://www.ofnumbers.com/2022/06/03/web3-needs-critics-and-criticism/#comment-3848026
also Swanson’s later post “Can Robert Wenzel Defeat the Encryption Used by Cryptocurrencies?” (Jan. 24, 2014).
was not his real name; it was apparently just the latest in a string of aliases. See Tim Swanson, I may have found the Drudge formula and Raymond Nize (April 15, 2013), listing Wenzel’s variou...
https://www.ofnumbers.com/2013/04/15/i-mayhave-the-drudge-formula-and-keyser-oze/#comment-3845689
Do you think Raymond Nize has really died? Chris Rossini, Tom Woods, Lew Rockwell, David Gordon, and Daniel McAdams have all written panegyric concerning the death of one Bob Wenzel. If what I've...
Amazing work. We need more of this. The public needs to reject the "vision of the future" these crypto pushers are pushing until they present us with a sustainable future. If you want to gamble g...
What can we do about it? Yes, replace the crypto puzzle with something the the world already needs to solve like computation-hungry applications: image processing, aeronautic analysis, Gene analy...
Very informative and well explained what impact Bitcoin and POW coins have on World Economies. It will be worthwhile to see what natural mining impact have had on Power consumption and Emissions ...
1. What is the real level of counterparty risk v the commercial bank holding the USD deposit— is it a significant level of risk (hypothesis:yes, of course) and as a result is an arbitrage oppor...
https://www.ofnumbers.com/2021/01/04/parasitic-stablecoins/#comment-3824143
I am amazed that you devoted this level of effort to debunk a book hyping Bitcoin. Does anyone else take the authors that seriously?
https://www.ofnumbers.com/2018/12/03/book-review-the-truth-machine/#comment-3799492
Thanks for the info ! Plus the info in this article, I want to the Implied Watts per TH/s of centain crypto, anybody can helpme with that ? Note: I have the numbers of ETH and BTC found in digico...
Thanks for sharing useful information. I appreciate your Content. I love your Blog. Keep Sharing!
on a functioning unforked network below. This is not a new observation, I even wrote a lengthy paper about top-heavy issues three years ago. To put it another way: by design, block producers...
There were a couple of semi-pro mining pools and deposit-taking exchanges as well as a few custodial wallets, nearly all of which got hacked and
exist as ERC20 tokens on Ethereum. The remaining half piggy-back on top of Bitcoin or other anarchic
https://www.ofnumbers.com/2016/07/21/archy-and-anarchic-chains/#comment-3786004
the event that occurs, this could turn these anarchic networks into expensive chimeras, permissioned-on-permissionless chains. But that is a topic for a different
https://www.ofnumbers.com/2015/07/27/what-is-permissioned-on-permissionless/#comment-3785889
above, namely credit risk, with Tether (USDT). For those unfamiliar with Tether Ltd, it is a company that issues USDT which are – depending who you talk to at the company – supposedly pegg...
I have recently listened to the audio version of the book, but felt like I missed a bit of information (because of distractions). In search of a well-written review, this review is definitely the...
https://www.ofnumbers.com/2015/05/22/book-review-digital-gold/#comment-3785680
Thank you for publishing this article. People of such magnitude as Ray Dillinger are to be listened to and learned from. They were at the front steps of cryptocurrency world we live in now, and t...
https://www.ofnumbers.com/2018/10/01/interview-with-ray-dillinger/#comment-3784924
The "Block Hyperchain" idea seems like an adaption of the "stateless client" concept that the Ethereum guys have written about. https://ethresear.ch/t/the-stateless-client-concept/172
https://www.ofnumbers.com/2018/10/01/interview-with-ray-dillinger/#comment-3784886
I would appreciate it, if some other top 50 projects would be compared, which use a different consensus method and whose power consumption to maintain the networks runs at a fraction. It would al...
Very interesting, thanks! Note that we have two methods of estimating the energy consumption. The hashrate divided by S9 method gives a lower bound (since the S9 is pretty much the most efficient...
wow what an incredible post!! so much details and insights, this is really something to dive into. this needs to be spread everywhere, even more than that https://www.ofnumbers.com/2018/08/26/how-much-electricity-is-consumed-by-bitcoin-bitcoin-cash-ethereum-litecoin-and-monero/#comment-3782690