‘Blockchain without Bitcoin’ is now a thing

TL;DR: There are a lot of people who don’t think “blockchain without bitcoin” is possible.  Well, “Blockchain without Bitcoin” is very possible. It’s a thing. Here, now, today. Eris Industries made the tools so you can now build your own. Totally free of charge. Totally open-source. Today. Our demo is a thing that’s like YouTube-but-we-can’t-call-it-YouTube. Long version:  So today I saw this video of Jeremy Allaire saying: There’s a meme that’s going around… (that) the blockchain’s interesting but the “currency” or the store of value’s not very interesting. That’s just a fallacy. They’re not possible separately. There has to be an underlying value to the token…

Why I love what I do for a living

Financial Cryptography is substantially complex, requiring skills drawn from diverse and incompatible, or at least, unfriendly, disciplines. Caught between Central Banking and Cryptography, or between accountants and programmers, there is a grave danger that efforts to construct Financial Cryptography systems will simplify or omit critical disciplines… For a field that is nominally only half a decade old, by some viewpoints, it is apparent from the implementation work that has been done that many more aspects were involved than envisaged by early pioneers. Financial Cryptography appears to be a science, or perhaps an art, that sits at the intersection of many…

Marmot-like critters excluded from ambit of the Commerce Clause

Though I wasn’t a huge fan of the practice, I still love the law – mainly because of stuff like this. From HuffPo:  Utah prairie dogs exist only in Utah and are neither bought nor sold on any market. But the Feds gamely tried to make the connection by arguing that prairie dogs encourage tourism and are of great biological value to the ecosystem. It sounds silly because it is. Unfortunately, the Supreme Court and lower courts have a long history of rubber-stamping congressional assertions of power based on similarly fanciful assertions of “interstate commerce.” In Gonzalez v. Raich (2005), for example, the Court…