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The following is a summary and analysis of a graduate thesis paper written by Michael Russo. It’s titled, “Satoshi’s Broken Promise: Conflicting Rhetorics In The bitcoin Ecosystem.” Russo calls bitcoin, “…yet another digital artifact promising revolution...

For Jeff Garzik, core developer for Bitcoin, the cryptocurrency may be the biggest game changer since the Internet. “I do think it’s very disruptive, it’s very exciting, and I agree … that it’s the next major internet...

By Emily Pont In a society ruled by violent, coercive and oppressive institutions comprised of elite charlatans, loving nothing better than to regulate and collectivize us like cattle, steal from us in the form of taxation, and strip us of our individual...

If you’ve been following new developments in technology or finance over the past couple of years, you might’ve heard the terms “blockchain” and “bitcoin” thrown around. They’re usually described in some pretty confusing, complicated-sounding ways…. ...

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...