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Financial cryptographer. Cypherpunk. Inventor of Ricardian contracts and early utilizer of triple-entry accounting systems, which would later be exemplified in Bitcoin. Ian Grigg may have claimed that Satoshi was a team effort and is now dead, only living on in bitcoiners everywhere, but some seem to think it’s him. In this installment of “the many … Read more
People today are listening to music on their headphones and earbuds nearly everywhere; on trains, buses, planes, and many more. But only about 100 years ago, headphones didn’t exist yet. In fact in 1895, the Electrophone allowed subscribers to listen in on live performances over phone lines and cost, in today’s dollars, around $800 a … Read more
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon, statistically speaking. But it’s not mere guesswork, … Read more
If you can imagine, the invention of eyewear dates back to the 13th century – used by scholarly monks. Since, glasses have taken on a world of their own, influencing science, and science influence them. Today, 64% of the American population wears glasses – that’s about 184 million people numerically. We seem to be aware … Read more
Having a spam email show up in your inbox nowadays is most of the time a harmless annoyance and we don’t really pay attention to them nearly as much as we used to. But a few decades ago, spam emails had bigger ramifications, and sometimes, even today, spam emails can wreak havoc on our systems. … Read more
No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms that began the very next day. By the time the dust had … Read more
Government dominance of human beings via slavery and violent economic oppression is as old as government itself. For thousands and thousands of years kings and rulers, usually held to be “appointed by God,” have used free, non-violent individuals as their tax farm livestock to exploit for economic gain and political power. Without individuals with the … Read more
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s Kraskom power company reported illegal siphoning of power from municipal … Read more
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference and history explains why. Also Read: IRS Agents Propose … Read more
Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about stopping darknet crime, money laundering, and other abuses facilitated by … Read more
