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F-35B: off probation (click to view full) The $382 billion F-35 Joint Strike fighter program may well be the largest single global defense program in history. This major multinational program is intended to produce an “affordably stealthy” multi-role...

This post can also be read at OfNumbers » The Bitcoin network, and the networks of most of its descendants, are powered by a labor force, called miners. They are provided a wage, a seigniorage subsidy, called a block reward. They get paid roughly...

The bitcoin logo (Photo credit: Wikipedia) I don’t think of America as the ultimate country. This country has enormous deficiencies. I think of America the way Europeans who left Europe for America thought of Europe. I am a Netizen who thinks...

(Pix (c) Larry Catá Backer 2014) I have been considering the issue of of labor cooperatives as a central element of the reform (though quite limited and preliminary) of the Cuban economic system. (Backer, Larry Catá, The Cooperative as...

Over the past couple of months there has been a number of discussions revolving around increasing the Bitcoin block size from its current 1 MB limit to 20 MB. One such plan is Gavin Andresen’s proposal (this is not to single him out as there are others...