I wrote an article for California Sunday Magazine about BitTorrent founder Bram Cohen's new cryptocurrency, called chia. It uses the Bitcoin codebase, but Bram is replacing the energy intensive proof-of-work validation algorithm with a combination of proof-of-unused-hard-drive-space and proof-of-wall-clock-time, which does not require much electricity at all.
No one owns the Bitcoin network — the code is open source — so Cohen is free to build off of it to develop his spinoff, Chia Network. With Chia, Cohen aims to replace the energy-greedy part of Bitcoin’s code, which rewards miners for generating trillions of numbers a second, with an energy-efficient system, which rewards miners (or “farmers” in Chia’s parlance) based on the amount of unused hard-drive space they have on their computers and how long they’ve had it. If you opt in, the Chia Network will essentially populate that unused space with bingo cards. If Chia calls the numbers on your card, you’ll be awarded newly minted chia.
The IRS knows about the cryptocoins and wants you to pay taxes on them. The Wall Street Journal reports that the warning letters are going out. An IRS spokesman declined to say whether the letters stem from information turned over by digital-currency platform Coinbase. In mid-March of 2018, Coinbase provided data—under a federal court order—on […]
Pigzbe is a digital “piggy-wallet” for children that uses its own cryptocurrency called Wollo (WLO). It has gotten $100k on Kickstarter, but that’s not where the real money is. According to ICO Bench, $7,200,000 worth of WLO was sold in an initial coin offering. According to Coincodex, WLO is trading at $0.015
Believe it or not, you can still score a new job in the midst of the pandemic. There are a bunch of industries under more demand stress than ever that have an immediate need to grow. Regardless of the specific role needed or company that’s hiring, one skill that can only help you score an […]
If you’ve ever tried to shoot your own videos, you know the equipment costs to do it right can mount up quickly. Even if you’re fine with capturing video on your trusty smartphone, you still need a mount to keep your phone in place. And you’ll need a mic to augment your smartphone’s not so […]
“The whole point of a programming language is to get the most out of the computer and the developer…This is why I like Python so much…few Python developers write code that is difficult to pass on to another developer.” With so much in tech so inherently complicated, that comment from Thomas Hatch, CTO and co-founder […]