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…6 min read·Nov 17, 2018--5--5
Sam ArmstrongWho Gives Bitcoin its Value?“Users give value to frozen concentrated orange juice”3 min read·Nov 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…5 min read·Oct 14, 2018--1--1
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…4 min read·Aug 23, 2018--1--1
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…5 min read·Jun 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…5 min read·May 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…4 min read·Apr 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…8 min read·Apr 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…2 min read·Mar 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…5 min read·Mar 13, 2018----