Tag: mathematics

The proof-of-work consensus mechanism used in Bitcoin is an objective measure of history which cannot be changed on the whims of validators.Alan Szepieniec holds a PhD in post-quantum cryptography from KU Leuven. His research focuses on cryptography, especially the kind of cryptography that is useful for Bitcoin.Proof-of-stake is a proposed alternative consensus mechanism to the...

In a recent interview, Steve Wozniak discussed the mathematical purity of Bitcoin as “pure-gold” mathematics, separating it from other cryptocurrencies.Steve Wozniak, co-founder of Apple, says Bitcoin is the only cryptocurrency with “pure-gold mathematics.”Wozniak discusses an inherent lack of trust in the cryptocurrency space, calling tokens “flaky.”Bitcoin is different because it is...

Pioneering mathematician John Nash laid out a concept for “Ideal Money” that has parallels with Satoshi Nakamoto’s Bitcoin.“I think of the possibility that a good sort of international currency might EVOLVE before the time when an official establishment might occur….Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for...

The apparently infinite value of bitcoin has been expressed in a proposed mathematical situation before.If you’ve fallen down the Bitcoin rabbit hole even a foot, you’ve probably seen references to the idea of “everything there is, divided by 21 million.” Originally posited by Knut Svanholm, Ioni Appelberg and Guy Swann in a YouTube video with the same...

Entropy, a natural phenomenon, is closely related to money and information energy — Bitcoin as information is a reduction of entropy.When Buckminster Fuller was asked by a 12-year-old boy how he would suggest solving international problems without violence, he answered: “I always try to solve problems by some artifact, some tool or invention that makes...