PinnedJoe KellyOn Bitcoin’s Fee-Based Security Model — Part 1: Beware The Turkey Fallacy10,000 and 1 days in the life of a proof-of-work cryptocurrency3 min read·Nov 12, 2021--1--1
Joe KellyOn Bitcoin’s Fee-Based Security Model — Part 3: Bitcoin vs. The StateIs proof-of-work mining a good security strategy vs. adversarial nation-state actors?13 min read·Nov 21, 2021--5--5
Joe KellyOn Bitcoin’s Fee-Based Security Model — Part 2: Security vs. What?Why does Bitcoin need a high hash rate? What actually goes wrong within the network if it’s not high enough?26 min read·Nov 12, 2021--7--7
Joe KellyHow To Kill Bitcoin (Part 3): No Can DefendAnd The General Theory of Destroyment of Interest in Money29 min read·May 29, 2021--7--7
Joe KellyHow To Kill Bitcoin (Part 2): No Can SpendYou’re Steven Mnuchin, US Secretary of the Treasury. You’re good at numbers and economic astrophysics. Your star sign is ‘$’ and your…17 min read·Jul 8, 2020--12--12
Joe KellyHow To Kill Bitcoin (Part 1): Is Bitcoin ‘Unstoppable Code’?They say Bitcoin can’t be stopped. Just like there’s no way you can stop two people sending encrypted messages to each other, so…6 min read·Jul 8, 2020--8--8
Joe KellyCOVID-19: Two Threats, One Path, No Good SolutionsSun Tzu said, “When you know your enemy, and know yourself, you need not fear the result of 100 battles.”·22 min read·Jun 7, 2020----
Joe KellyWide And Shallow Double-Spend Attacks On BitcoinAnd why hardware cost is not a reliable deterrent11 min read·Oct 8, 2019--1--1
Joe KellyWhy Bitcoin Hasn’t Solved The Double-Spending ProblemHow double-spending works in practice and what must be done to prevent it·23 min read·Sep 22, 2019--3--3
Joe KellyBitcoin: It’s Not A Pyramid — It’s A ConeWhy do people say Bitcoin is a pyramid scheme? Answer: because…·12 min read·Jul 25, 2019--2--2