"What’s In a Blockchain?"
Links to the best articles, videos and podcasts about Blockchain.
"Binance decided not to risk it after its recent hack. But Tushar Jain of Multicoin Capital believes blockchain reorgs are a viable future prospect. Here’s why."
"In this post, I propose this development represents an important step in the evolution of bureaucracy. That may sound counterintuitive given this term’s common association with inefficiency and excessive paper-shuffling. But once we understand the essence of bureaucratic organization, it will become clear that blockchain networks are actually bureaucracies par excellence."
"The idealized vision of decentralized networking and socio-economic coordination triggered by the invention of Bitcoin continues to inspire entrepreneurs and drive innovation. Meanwhile, it is increasingly acknowledged within the broader crypto community that though the idealists are onto something, these emerging social systems are far from immune to problems and inequalities that have plagued human institutions historically."
"California is sinking. In the Central Valley, the most productive agricultural region in the US, some areas drop an inch or two per year. Telephone poles slump, roads crack, canals fail. In time, all that sinking adds up. A recent state survey found one patch of farmland off I-5 near the town of Arbuckle had fallen 2 feet in nine years."
"Blockchain jurisdiction, a term which will become more popular as blockchains begin to be utilized by nations, brings up a few important questions around identity as well as attribution."
"The ConsenSys Founder evaluates the state of blockchain in a landmark address at Deconomy in Seoul"
"Working on a blockchain client means you interact with all levels of the software stack from low to high. On the lowest level you’re doing assembly optimization, writing compilers and VMs. You work your way through networking and databases. Finally at the highest level you deal with things like open-source organization and how to organize code in a massive complex application."
"Governance is a key area of exploration for blockchains today. There are typically two layers of governance: off-chain and on-chain. Much has already been written on the trade-offs between on-chain and off-chain governance. This post will not explore the merits of either position, but rather the barriers and potential solutions to increased voter participation generally."
"If Layer 1 should be focused on state rather than computation, then we need to understand what the state of the blockchain is when designing Layer 1. Only by understanding what the state is, can we understand what the state explosion is."
"Over the last few years there has been an increasing interest in using deliberately engineered economic incentives and mechanism design to align behavior of participants in various contexts."
"Firstly, it’s important to know why interoperability matters. In the existing internet, we can access and modify numerous data sets through APIs (application specific interfaces). However with blockchains, data is siloed by the chain that it exists on. So what does it mean to have interoperability?"
"I have a hypothesis that digital currency will be widely used in virtual reality, especially in virtual worlds."
"I would like to take these concepts and speak on the value capture of Layer 3 services. To define a layer 3 service, this is a service that is built on top of both a base chain and a number of middle protocols to abstract them for consumer use. To give concrete examples of these services, we’ll use two of them: Veil, and Radar Relay."
"Ethereum is an unprecedented arena for playing cooperative games."
"How does anything get done if there are no leaders? Why hasn’t ETC died by being abandoned by the Ethereum Foundation after TheDAO hard fork? The ecosystem of participants and stakeholders working in and around the ETC network is examined in outline below."
"Much has been written about blockchains and how they displace, reshape, or eliminate trust. But when you analyze both blockchain and trust, you quickly realize that there is much more hype than value. Blockchain solutions are often much worse than what they replace."
"This response addresses the arguments Schneier makes, and the questions he raises. Views are my own."