bfc.do

Blog of Brian Crain. Regular short posts on crypto, entreneurship, productivity, meditation & more.

Bitcoin: Is There a Looming Tragedy of the Commons?

Today, we recorded a podcast with Christian Decker. Before the episode, I asked him about the Lightning Network decreasing the demand for Bitcoin transaction and thus the revenues of miners. This has concerned me for a long time and a recent twitter conversation brought it...

Driven By Fear

Today, I looked through the book trailer presentation for Blitzscaling by Reid Hoffman.It's a wonderful (or horrifying) illustration of the prevalent mindset of the startup world. Some excerpts are:"Sudden, all-out effort""It's do or die with either success or failure in a remarkably...

Napoleon - The Propagandist

I've been reading the book Napoleon - A Life by Andrew Roberts. It's an outstanding book and I've been enjoying learning about the historical events and especially about Napoleon's character. There are a variety of things that contributed to his meteoric rise to power. There...

The Email Trap

I recently started using the email client Superhuman. It's a desktop application that optimizes for speed, minimalism and having many keyboard shortcuts. I previously used Google mail in the browser and I much prefer Superhuman.But I also noticed a failure mode that crept in...

Efficiency of Proof-of-Stake

One aspect of Proof-of-Stake (PoS) that is not often discussed is how it helps preserve the ownership of token holders.Let's look at a hypothetical PoS chain:Market cap: $1bnAnnual inflation: $100mAverage validator commission rate: 15%In this example, while $100m of new tokens are...