Sam ArmstrongGeneral Agreement: How Proof of Work Defeats Ignorance & BiasEver since monarchies fell to the collective delusion that citizenship and voting rights should belong to every individual, decision…Nov 17, 20185Nov 17, 20185
Sam ArmstrongWho Gives Bitcoin its Value?“Users give value to frozen concentrated orange juice”Nov 5, 2018Nov 5, 2018
Sam ArmstrongIn Defense of The NPCThe NPC (Non player character) meme has recently come to internet fame as a way of disparaging people who seem to have nothing new to…Oct 14, 20181Oct 14, 20181
Sam ArmstrongWhat is Bitcoin Backed By?Have you ever wondered why banks have marble floors? You walk in, the place is decked out with fancy columns and marble everywhere. Do you…Aug 23, 20181Aug 23, 20181
Sam ArmstrongImagine If Full Nodes Actually Controlled BitcoinSuspend your disbelief for a moment, and postulate that miners don’t actually control the blockchain regardless of what non-mining fully…Jun 27, 2018Jun 27, 2018
Sam ArmstrongThe St Louis Fed is Wrong: Bitcoin Has Intrinsic Value or Nothing DoesRecently, the St Louis Fed has entered crypto news stating that Bitcoin and government backed currencies have no intrinsic value. This is…May 3, 2018May 3, 2018
Sam ArmstrongSelfish Mining is Brain Dead (or Adversarial Turtles All The Way Down)I try to bring to all my articles the principle of charity, taking the best arguments my opponents have to offer, and strive to never straw…Apr 12, 2018Apr 12, 2018
Sam ArmstrongThere is No Security Trade-off Running a Thin Client Instead of a Full NodeIt’s been said “Not your private key, not your Bitcoin. Not your node, not Bitcoin”. The theory goes like this. If you aren’t running a…Apr 3, 2018Apr 3, 2018
Sam ArmstrongBlock Size Limit is NOT Required to Sustain Miner Reward IncentivesIn the Bitcoin protocol, only 21 Million Bitcoin will ever be created because the reward for mining blocks halves every 210,000 blocks…Mar 22, 2018Mar 22, 2018
Sam ArmstrongLarge Blocks Incite More Full Nodes Than Small Blocks (Or The Irony of 0-Conf Opposition)You can think of the blockchain security vs. usability debate as the tension between two forces. Security is defense against potential…Mar 13, 2018Mar 13, 2018
