Apr 30, 2022Why I am Betting against TerraUSDStablecoins are cryptocurrencies whose market price is supposed to always be close to the price of a real-world currency, such as USD. In order to keep the price pegged, all stablecoins rely on arbitrage incentives that create demand (pushing up the price) when the price is below the peg and…Terra Luna12 min readTerra Luna12 min read
Jun 5, 2020How to Approach Truth between Mainstream and Conspiracy TheoriesA Practical Guide for Beginners — For many issues, such as 9/11 or currently COVID-19, there is a mainstream narrative and there are alternative versions, often derogatively referred to as conspiracy theories, which contest the mainstream view in whole or in part. …Conspiracy Theories4 min readConspiracy Theories4 min read
Apr 5, 2019VeriBlock and its PooP ProtocolA few days ago I became aware of the VeriBlock-IEO (“Initial Exchange Offering”) conducted by Bittrex. I heard about VeriBlock before, because half a year ago its testnet started cluttering the Bitcoin blockchain with its so-called Proof-of-Proof (“PoP”) publications. The IEO was a good occasion to take a closer look…Bitcoin4 min readBitcoin4 min read
Aug 6, 2017The Big BlockersThe current state of the scaling debate presents itself as follows. Bitcoin’s transaction throughput is roughly (2000 transactions / MB) * (1 MB / block) * (1 block / 10 min) = 3.3 transactions / sec. This throughput became a bottleneck lately and led to high fees and long confirmation…Bitcoin11 min readBitcoin11 min read
