If you’re into blockchain, it’s unlikely you’ve heard of Mancur Olson. Yet his importance to the field is unmatched by any other economist in the latter half of the twentieth century. An American born into the Great Depression, Mancur Olson…
We were recently invited to take part in an ‘Ask Me Anything’ with the blockchain folk at Tsinghua University — Here’s the full transcript! “Saito has a transient chain. How can it be a blockchain when the ledger isn’t permanent?”…
We periodically receive correspondence from people working to wrap their heads around Saito. One common issue people have is the idea that not using mining to produce blocks creates a threat to the network as similar to POS: With work…
Most people believe that scaling a blockchain is a technical problem. This isn’t at all true — the problem is economic. This can be hard to understand in a world where the dominant way of understanding blockchain comes from computer scientists…
In the spirit of an update: Technical Development: The Saito network has shown excellent stability since our TESTNET upgrade about a month ago. We have continued to work to eliminate problems as they have surfaced and have eliminated the “ghost…
Let’s start with honest praise of Incentive Attacks on Proof-of-Work Cryptocurrencies. As a paper it is hard to fault: the authors catalogue a class of neglected attacks in an genuine fashion. The only qualm I had reading was a suggestion…
Are psychiatrists happy because their job is to treat depression? Do only thin people offer weight-loss advice? Or how about a harder question: is bitcoin (the network) a working market simply because bitcoin (the token) can be used to create…
In an attempt to make some of the work that we do more accessible, David has put together a six minute non-technical introduction to one of the key solutions introduced by Saito. The problem identified and solved in this video…
A podcast about blockchain and China
In most blockchains the peer-to-peer network does the heavy-lifting: giving data to lite-clients, collecting fees in return, and sharing those fee-paying transactions with the network. And since these activities cost a lot of money at scale, it’s useful to ask…