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A Birthday Letter To Bitcoin

[Jan 3 6:34 PM] Bitcoin, you are 16 years old now, well into your teenage years. These are usually the years during which, for many people without even being aware of it consciously, one usually makes the decisions that shape the course of the rest of their life…

How Financial Surveillance Threatens Our Democracies: Part 2

[Jul 2, 2024 10:58 AM] Undemonstrated Effectiveness and EfficiencyI'm not aware of any study establishing the effectiveness of KYC measures in combating money laundering. And it's not for lack of searching.Conversely, there are numerous studies tending to conclude the…

How Financial Surveillance Threatens Our Democracies: Part 1

[Jul 1, 2024 8:30 AM] When they descended into coal mines, miners would take a caged canary with them. The toxic gasses, notably carbon monoxide, that accumulate in these places and pose a deadly risk to miners, would kill the canaries before the miners. This…

Don’t Forget the Importance of Censorship Resistance

[Nov 28, 2022 11:30 PM] Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer…