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On Episode 280...

Andreas, Stephanie and Adam discuss bitcoin and its varied performance over the last few years as the only real outlier in a world competitively devaluing currencies. Then, we dig into a recently released report from the RAND corporation on "Virtual Currency" and specifically, the possibility of non-state organizations creating their own.

Relevant Links...

Bitcoin was the best performing currency of 2015

Bitcoin as a hedge against Azerbajian's Devaluation

Bitcoin Magazine coverage of Security Implications of Virtual Currencies

PDF copy of full report

Open Source Hardware is a popular and growing movement. An organization (sometimes charity, usually a non-profit) develops hardware designs and specifications and publishes them to the open source without the desire or potentially the ability to produce the physical products exclusively themselves.

The Raspberry Pi project is a perfect example of this with two official stocking manufacturers who share back some of their revenue in compensation for their official status. This money supports further development. By adding three types of tokens to the ecosystem, what is a game for only the biggest of players can become a vibrant environment of efficient, decentralized and distributed reselling. Now distribution can start to take place.

On Todays Show

Matthew Zipkin sits down with Andrew Stone to dig into Bitcoin Unlimited, one of several recent projects to emerge as efforts outside of Bitcoin Core to address bitcoin scalability problems.

You don't need to be technical to understand this episode and even if you hate the idea of a block size increase, Andrew presents a very interesting perspective on how the bitcoin network does, and could decide things that have more than one right answer.

Read More for Slides & Transcript

This week instead of talking about a current Tokenly project, I wanted to get a little hypothetical and talk about one of the non-monetary uses of Tokens that I sometimes think about.

Tokens, Trains and Right-of-Way

Some time ago I was spoke with Birdie Jaworski, editor of Very Much Wow magazine about tokens and train intersections. Right now train systems have lots of dumb infrastructure (Tracks, switches, etc) carrying smart (automated) trains from smart station to smart station.

So trains and stations need to talk to each other in order to keep an accurate picture of where the various moving parts are. When those moving parts find themselves in the same place at the same time you get a news-worthy catastrophe.

Imagine for a moment we have unlimited funds and manpower to fix this problem. The simplest way would be to station a traffic controller at every single junction with a powerful two way radio, a brain and the ability to communicate with nearby trains.

The procedure would be that whenever a train is approaching a specific intersection, track switch or anything where only one, or some limited number of trains can pass through safely at one time, the conductor radios ahead to that switches traffic controller. If the coast is clear, you know you’re safe to pass because he will tell any other trains that request after you do, but before you’ve safely passed by that the switch is busy and they’ll need to wait.

A Little Color is a 5+1 song EP (extended play, so not as long as an album but more than a single song), and it's available in DRM free downloadable format for $5 in bitcoin, $7 when you pay with your credit card or $2.50 in LTBCOIN. If you have an EARLY token or a TOKENLY token, you can use that as payment as well.

If you'd like access to more of my music and support the time I spend on this, you can purchase one or more access tokens as described at the top of this site.

A Little Color may be streamed for free within this post

On Episode 278...

Andreas, Stephanie and Adam discuss...

...Peter Todd's Recent double spend attack on Coinbase

...The Future of BitcoinXT and Mike Hearn's exodus from Bitcoin