Hashcash, b-money and Bitcoin: How the Ideas Fit Together
Trace how Hashcash made messages costly, how b-money proposed shared balances, and how Bitcoin combined ideas into a payment history. Compare the or…
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Three Blockchain Futures and the Evidence That Would Change Them
Can a recipient spend more of a transfer? Can a wallet owner recover access? Can a bank settle a security faster? Compare three claims, then test the…
The Merge: What Changed and What Did Not
One block held a single transaction. The next held 80. Compare the two Merge blocks to see what changed in Ethereum’s consensus rules and why those …
Two Different Failures: Terra’s Reflexivity and FTX’s Custody
Terra and FTX failed in different ways. Follow the difference between a token’s stability mechanism and a custodian’s ability to return assets, then …
Tokens and the ICO Era: Code, Claims and Incentives
A token balance tells you how many units you hold, not what you are entitled to receive. Follow the ICO era through three separate questions: what th…
The DAO and the Governance Question
The DAO’s 2016 crisis exposed a question that code alone could not settle: who decides what happens after a failure? Follow the incident, the hard fork and the governance choices behind the response.…
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