The Sovereignty of Blockchains
Public blockchains such as Bitcoin, Ethereum, Hive, and EOS are supranational organizations of people cooperating to reach consensus. This means they exist in a realm beyond the jurisdiction of any country. It is the supranational nature of blockchain that creates the potential to provide freedoms that exist outside the absolute...
The Next Step in Defending Freedom of Speech
We need to decentralize the infrastructure of the internet and enable more peer to peer data sharing.
EOS Trust Model under One-Token One-Vote
The EOS community will need to reconsider its trust model for CPU billing if it switches to one token one vote.
Infinitely Scalable and Private Digital Cash
How to securely send cryptocurrencies without an internet connection and no fees.
The Ideal Cryptocurrency
This article explores the properties of an ideal cryptocurrency and compares it to Bitcoin
If we want to decentralize power in society then we must learn lessons from the starfish.
Promises vs Smart Contracts
There are many reasons why mere promises shouldn’t be enforceable. A defense of the title transfer theory of contract.
It’s Time for Smarter Contracts
Traditional contracts are fraught with problems, it is time to rethink the structure and enforcability of all contracts whether or not we encode them in software as smart contracts.
Blockchain is a Better Application Server and Database
By the time you do everything necessary to secure a traditional web application and database you will have implimented a blockchain.
EOS Resource Allocation Reimagined
A better approach to allocating CPU and NET resources that makes resources more affordable and easier to understand for developers and users.
Trustless Contracts overcome Artificial Restrictions
Anyone designing smart contracts that attempt to rely upon artificial limits, such as fees or time locks, to enforce a certain game theory outcome should read this article first.
EOS Blockchain Governance Proposal
A proposal to utilize multiple staking pools of different lengths to allocate power and align economic incentives
Explores ways to maximize the quality of those we put in power while preventing the most corrupt from taking over.
Decentralizing in spite of Pareto Principle
An exploration of ways to overcome the pareto principle (aka the 80/20 rule) which forces most systems into control of the of 1%.
The Limits of Crypto-Economic Governance
My response to Vitalik Buterin's critique of my Delegated Proof of Stake consensus algorithm.
DPOS Consensus Algorithm - The Missing White Paper
A detailed explanation of the delegated proof of stake consensus algorithm and why it is robust.
What could a blockchain constitution look like?
An example of a potential consitution for smart contract enabled blockchain.
Create a Meaningful Blockchain Constitution
A guide on how to create a blockchain constitution from first principles.
Blockchain UTXO model is a Dead End for General Purpose Applications
An analysis of the UTXO (Unspent Transaction Output) model used by bitcoin and why it isn't appropriate for decentralized applications.
The Problem with Byzantine Generals
Bitcoin and DPOS don't solve the byzantine generals problem and that is a good thing.
Are blockchains really censorship resistant?
A blockchain able to charge a fee is able to censor a transaction. Is there anything we can do about this?
Why Every Blockchain Needs a Constitution
Every blockchain needs a constitution because majority rules and computer code is not enough.
How to build a Decentralized Application without Fees
Blockchain technology currently depends upon transaction fees to prevent spam. These fees suffer all of the known problems with microtransactions that prevent blockchains from being used for necessary low-value transactions. Truly decentralized applications must offer users the appearance of free transactions if they wish to compete with their centralized alternatives....
Why I like Ethereum
I have said many negative things about Ethereum in the past, but today I would like to change that. Due to recent disputes within the BitShares ecosystem I have come to appreciate a certain qualities of Ethereum that the BitShares community could learn from. Over the past several months I...
The Road to Universal .p2p Resolution
The following is a repost of the delegate bid by Indolering. Indolering spent a week with us in early January to help revive our vision for DNS under BitShares. Indolering has presented one of the best, most comprehensive delegate bids to date. Here is what he had to say: I...
Decentralization of Nxt vs. BitShares
There has been an ongoing debate over the relative decentralization of various projects. I have made several posts where I analyse things from both an economic and mathematical perspective and draw various conclusions about the theoretical decentralization of the various protocols. Today I discovered that Nxt has already published all...
Decentralization, Scalability, and Fault Tolerance of Bitcoin
Bitcoin is all about decentralizing the control over money through objective consensus on ownership. What often gets lost in the discussion is the difference between decentralization, scalability, and fault tolerance. Bitcoin is an example of a decentralized system whose scalability is limited by the power of an individual node rather...
How to Measure the Decentralization of Bitcoin
The crypto currency community is full of people making wild claims about the relative centralization of various projects. Calling something centralized is like calling someone racist; it starts to lose all meaning unless you are extremely careful in how you define it. Decentralization has become a kind of religion, when...
The Worlds First Decentralized Exchange
The centralized exchanges the world has known throughout history have proven unreliable and untrustworthy time and again. Whether it is MF Global, Mt. Gox, or BitStamp we have seen all of the perils of allowing a 3rd party to hold your money. It doesn't matter how big they are or...
The most Decentralized Proof of Stake (POS) system.
All too often I see people making the claim that Delegated Proof of Stake is too centralized, but centralization is all relative. Today I would like to explore the meaning of decentralization as it relates to Proof of Stake systems and compare the top 3 approaches: BitShares, Nxt, and Peercoin....
Provably Honest Online Elections are Possible
Moving elections online is a very controversial subject because it is something everyone would like, but it is not trivial to implement in a provably honest manner. There are countless articles around the internet that throughly document how even electronic voting or vote counting is unverifiable and cannot be trusted....
© Daniel Larimer