Cryptographic Identity

Last week I wrote about the inherent tension between data privacy and portability , and suggested that one alternative could be an exportable”solitude context” that could travel with ported data. Such an approach, however, would need a notion of identity which is wider than a single account in one firm. This isn’t a new idea.… Continue reading Cryptographic Identity

Proof of Transfer (PoX)

Last week, the Blockstack team officially rolled out their proposal for a new mining mechanism for its Stacks blockchain named Proof of Transport (PoX). In addition to this blog article, you can read the entire PoX white paper and the Stacks Improvement Proposal (SIP-007) that details the thought. PoX is a method of building new… Continue reading Proof of Transfer (PoX)

What decentralization is good for (part 3): growth

Picking up the series on which decentralization is great for (part 1, component two ), today I would like to concentrate on one of the most exciting features of decentralization: expansion.  In cases like this, when I say”decentralized”, what I actually mean is”open and non-proprietary”.  Ok, so why are open, decentralized systems especially great for growth? When… Continue reading What decentralization is good for (part 3): growth

The dangers of unstoppable code

One of my favourite novels is Steven Johnson’s Where Great Ideas Come From — punchline is: invention is typically not one”eureka” moment, but instead an accumulation of several years of cumulative discovery. Another idea from the book is that the Adjacent Potential : basically, we are able to innovate just with what we could see and touch now. However, by… Continue reading The dangers of unstoppable code


A fundamental concept on the world wide web is Layering. All the protocols in the net stack talks to the layer directly above and below it new protocols could be used as long as they talk the language of their coating. Protocols at the same layer can be updated so long as they do not… Continue reading Layers

Minimum Viable Economy

Nic Carter only released a wonderful analysis of the way the functional storyline around bitcoin has shifted more than (approximately ) from e-cash, to e-gold, to personal money, to a book cryptocurrency, to some programmable shared database, and forth. (FWIW, in USV, our”aha” moment was in 2013 when we began considering bitcoin for a protocol,… Continue reading Minimum Viable Economy

The path to decentralization: self-destructing companies

In June, the SEC gave a number of its most tangible advice so far that cryptoassets can begin as centralized jobs, possibly originally sold under regulations, and finally become”decentralized” and thus no more sponsor-controlled, and no longer sold or transferred under regulations. It is logical that a decentralized protocol doesn’t match the definition of a… Continue reading The path to decentralization: self-destructing companies

just_work = true

One of my former coworkers, Rob Marianski, and I used to get a running joke — we’d be constructing and debugging something, and he would finally say,”Oh, so you want me to place just_work = true?” . (as an aside, I have always believed would make a fantastic blog title, and actually purchased the… Continue reading just_work = true

Digital scarcity

As readers of this site can tell, I have been spending plenty of my time lately focused on cryptonetworks and blockchains, and in particular, working through the intricate regulatory and legal issues involved.Explaining what cryptocurrencies, cryptonetworks and blockchains are is tough to do. As Naval recently said on Twitter:1 person who’s able to clarify this… Continue reading Digital scarcity