Proof-of-Stake is better than Proof-of-Work — but Ethereum’s Merge won’t fix any other problem with cryptocurrency
Proof-of-stake will still be a vast improvement over proof-of-work. In all other senses, none of this matters.
Tag: the dao
Web3: a VC-funded gig economy of securities fraud
If you look at a “Web3” offering and just think of it as a pump-and-dump onto retail investors, everything will make much more sense.
News: OpenSea phishing attack, BitMEX execs plead guilty, 2016 DAO hacker maybe found, Cryptsy indictment
“Please, God, I don’t ask for much from You. But give me this. A video of a sad cryptobro, trying to get a beat cop to make a police report about his stolen ape jpeg.”
Bitcoin myths: immutability, decentralisation, and the cult of “21 million”
Decentralisation was always a phantom. Every process in Bitcoin tends to centralisation. Plus: a history of Bitcoin Cash.
News: no crypto banking in India, SEC, Texas treats stablecoins as money transmission, cross-EU crypto rules, Bitmain CEOs step down, Tron is nonsense, Girlfriend on the Blockchain
Girlfriend on the blockchain, I know it’s serious.
News: Poloniex NDA to get your own money back, Bisq sets up a DAO, Bitcoin over Ethereum
The technical term for “immutable smart contract, immune to human interference” is “sitting duck for hackers.”
Commentary: TokenSpread, Nelson Rosario, David Golumbia, Quinn DuPont on The DAO
And Ian Bogost on protecting the plums in your icebox.