Spoiler for the impatient

In Chainlink 2.0, the “solution” to the problem that trusted oracles can collude and feed incorrect oracle answers into the blockchain is to have another group of even more trusted oracles be responsible for punishing the first group. You can now do something else with the rest of your day.

Ok. I realize that right now I’m probably communicating with a giant army of people (LINK marines) who, for the most part, proudly self-identify as belonging on the far-left end of the IQ bell curve.

Because of that, I’ll need to be extremely pedagogical.

I already realize I lost…


Background

The Stock-to-Flow model (S2F), invented and popularized in 2019 by PlanB in the piece “Modeling Bitcoin Value with Scarcity”, is one of the most popular price theories for bitcoin, suggesting that the S2F of bitcoin is what drives its price.

The popularity and credence of the model was earned mainly through three parts of supporting evidence:

  1. high R-squared between the log of S2F <> log of marketcap (~0.95)
  2. a cointegration test suggesting a more fundamental relationship between those same variables (Nick Emblow’s Aug 2019 study)
  3. the relationship being consistent also for other scarce assets, such as gold

List of counter-evidental discoveries and events

During the recent…


This is the fifth part in an article series by the Human Rights Foundation (HRF) on privacy and cryptocurrency, funded by the Zcash Foundation. To read about the purpose of this article series, see our introductory piece “Privacy and Cryptocurrency, Part I: How Private is Bitcoin?”. This series is written by Eric Wall, Privacy Technology Fellow at the HRF.

Buying bitcoin anonymously

Previously in this series, we’ve tried to uncover the privacy characteristics of cryptocurrencies and the tools available for reclaiming your financial privacy from snooping governments. Then again, if you are living under the threat of surveillance from an authoritarian country, your…


Three months ago, I tweeted out this image with the following caption:

When someone says “Proof-of-Stake is less wasteful”

Image of a diesel generator powering an EV charging station.

The tweet was meant as a gag, but it spurred one of the most insightful conversations I’ve ever had on the platform. Since the discussion, my framework for thinking around this issue has changed drastically.

The purpose of this post is to highlight what a few of these insights were, and where I currently am in my thought process. …


This is the fourth part in an article series by the Human Rights Foundation (HRF) on privacy and cryptocurrency, funded by the Zcash Foundation. To read about the purpose of this article series, see our introductory piece “Privacy and Cryptocurrency, Part I: How Private is Bitcoin?”. The last part in the series will explore private methods for acquiring cryptocurrency and stablecoins in different areas of the world. This series is written by Eric Wall, Privacy Technology Fellow at the HRF.

Introduction

When promoting cryptocurrencies such as bitcoin for economic freedom around the world, a question is often brought up. Given the…


So, Hedera Hashgraph is launching on September 16. It’s a 3rd generation DLT and it can do 10,000+ TPS!

The sales pitch, basically. From their own website.

Amazing, right?

Yeah! Or wait, I forgot something.

Because I hold huge bags of bitcoin (or was it BCH? or Qtum? I lose track) that I’m apparently for some magical reason unable to sell, I don’t have any alternative but to conjure up and spread FUD theories about Hedera Hashgraph. Because I couldn’t just do the simple thing and invest in it. That would break all the laws of the universe. /s

The first part here is to clarify things around…


This is the third part in an article series by the Human Rights Foundation (HRF) on privacy and cryptocurrency, funded by the Zcash Foundation. To read about the purpose of this article series, see our introductory piece “Privacy and Cryptocurrency, Part I: How Private is Bitcoin?”. The next part in the series will explore the asset class known as “stablecoins”. This series is written by Eric Wall who recently joined the HRF as a Privacy Technology Fellow.

“It’s easier in most cases to get your money back than your freedom”

In the previous two parts of the series, we’ve looked…


The social media company’s move into cryptocurrency takes advantage of regulatory loopholes

Photo: Josh Edelson/AFP/Getty

Facebook is very knowingly exploiting a very specific gap in regulations and technology made possible by the cryptocurrency industry that will allow their planned “Libra” cryptocurrency to flow into the black market economy while still being compliant with traditional financial entities’ compliance policies.

(I don’t use “black market economy” as a bad word here. The right to financial services should be universal, since leaving the control to gatekeepers creates a tool that is much more likely to be successful at oppressing people than at keeping the bad guys out. The problem with the Libra is that it’s a part of…


This is the second part in an article series by the Human Rights Foundation (HRF) on privacy and cryptocurrency, funded by the Zcash Foundation. To read about the purpose of this article series, see our introductory piece “Privacy and Cryptocurrency, Part I: How Private is Bitcoin?”. The next part in the series will explore the set of cryptocurrencies known as “privacy coins”. This series is written by Eric Wall who recently joined the HRF as a Privacy Technology Fellow.

If you’re an activist or a journalist concerned with the dangers of having your bitcoin activity unmasked by a corporation or…


Versión en Español disponible en este link.

Foreword

The Human Rights Foundation cares deeply about protecting our civil liberties and privacy in our increasingly digital age, especially in places where people live under authoritarian governments. Without a free press, without local watchdog organizations, and without effective ways to hold governments accountable, the 4 billion people who live under authoritarianism need our help, and technology is one way we can reach out. As we’ve…

Eric Wall

CIO Arcane Assets. Inquiries: info@arcaneassets.io. Also privacy @ Human Rights Foundation. Previously built cryptocurrency exchanges @ Cinnober (Nasdaq).

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