Skip to main content



Bitcoin and cryptocurrencies

I first encountered bitcoin in 2009 when it was released. However, at the time, the only software was Bitcoin-Qt, the mining software, and it used up vast amounts of space and CPU cycles on my machine, so I deleted it.Every few years I did the same thing - tried it out, got irritated, deleted. Of course I now regret it because apart from the recent crash with the Chinese banning ICOs (basically the creation of new coins), it’s increased drastically.I went to a Singularity Summit conference and they were advocating Bitcoin and Blockchain as future technologies.So I thought I’d summarise my views here.1. I suggest it is worth buying into the system. It seems to me to be the correct “next step” of money and fintech.Look at it this way. Make three assumptions: (a) that all money will ultimately be based on the major crypto currencies. (b) that there’s a limited supply of cryptos. (c) that most working-age people will use them. From this you can calculate the rough maximum trading value of…

Latest posts

Space smells?

How to chop large blocks of wood

PhD summary

recycling soap

on the internet redesign

gautrain stealing money


linguistic distance and archaelogy

how to clean silver