Exponential growth is often grossly underestimated. In technological innovation, exponential trends are masked as linear ones, giving old technologies a false sense of comfort. As a new technology gains momentum,…
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We examine the history and future of dust: containers (UTXOs) of bitcoin that cost more to spend in fees than they hold. The amount of dust in the blockchain is...
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There are many stories of people losing BTC in large amounts - especially in the early days - when BTC wasn’t worth much, and was easily forgotten on an old hard-drive, USB...
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Bitcoin uses a curious accounting structure called a UTXO — an Unspent Transaction Output. All UTXOs are timestamped by the transaction/block in which they were created. Since all bitcoin in existence is contained...
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