Terence Eden. He has a beard and is smiling.

Terence Eden’s Blog

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NFTs means the future value of art is zero

· 1 comment · 600 words · Viewed ~668 times


Binary code displayed on a screen.

At the moment, it is not possible to sell a 2nd hand eBook or MP3. This seems fairly reasonable because a re-seller might keep copies of their original files after selling them. This would allow the re-seller to undercut the original publisher and sell the file multiple times. We tend to label this "Piracy". Someone buys a DVD, rips it, then either sells or gives away copies. The Blockchain…

Certified Blockchain Professional - Module 02: Crypto Assets

· 900 words


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. Part …

In praise of slowness

· 650 words · Viewed ~237 times


A digital watch.

Sometimes - only sometimes - slowness is a feature, not a bug. A few weeks ago, I was reading about a purported use for "smart contracts". If your plane is cancelled, a smart-contract could automatically pay out your travel insurance, the millisecond the cancellation was reported. Nifty, right‽ Slowness for crap reasons There are plenty of processes which are slow for annoying reasons. The i…

Transferable Bank Accounts

· 5 comments · 400 words


A tiny lego Storm Trooper eats a chocolate coin.

Here's a (possibly) daft idea. What if you could pay for goods using a transferable bank account? Say you want to pay a friend some money. But you're not physically close enough to hand over cash. You create a new bank account with a unique username and password. As quickly and easily as getting a new email address. Couple of clicks and it is done. You move money from your main account into…

Certified Blockchain Professional - Module 1

· 4 comments · 2,050 words · Viewed ~304 times


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. …

Certified Blockchain Professional - Part 1

· 3 comments · 350 words · Viewed ~489 times


Logo for the Certified Blockchain Professional.

Why do I do this to myself? Why? As part of my ongoing MSc, I have to take 3 professional training courses. I've completed my cybersecurity course, and I have a Machine Learning course booked for January. So what to do next? There's a lot of discussion in government circles about Blockchain. As with any new tech, there are plenty of Thought Leaders™ and sales drones trying to push it. For e…

And now it's… Springtime For Crypto

· 700 words · Viewed ~313 times


Still from the movie "The Producers".

You've heard of the AI Winter, right? The period where funding for AI dried up due to products failing to meet their hype. I think we're now in Springtime For Crypto - named after the musical "Springtime for Hitler" from movie The Producers - where scams abound. You should take a couple of hours to watch The Producers. Either the 1967 classic movie, or the 2005 remake will do. The pivotal…

Thinking of uses for BlockChains

· 12 comments · 1,000 words · Viewed ~467 times


A tiny lego Storm Trooper eats a chocolate coin.

Kevin Kelly has written an insightful blog post about Class 1 / Class 2 Problems. I encourage you to read it. I agree with the thesis, but not the specific conclusion. Blockchain tech could unleash collaborations of several million members working on one project in real time, or orgs that are far more leaderless than today. How? Projects like the Linux Kernel already have thousands of…

A weird solar blockchain thing - Rowan Energy

· 5 comments · 1,100 words · Viewed ~1,809 times


Using Blockchain to encourage green energy is not viable due to the incredible amount of energy it takes to mine transactions.Our blockchain is a POA (proof of authority) blockchain that is designed to run on ultra lower powered devices. The devices are in the home of our supporters and take only about $10 per year to power.

I blog about my solar panels - probably a bit too much! Recently, a reader asked me if I'd heard of Rowan Energy's solar payback scheme - so I took a look into it. Here's how it works: Rowan installer a "miner" next to your solar inverter (the big box that turns DC from solar panels into AC for home use). The "miner" monitors how much electricity you produce and reports it back via your home…

What happens if you steal someone's Good Tweet™?

· 750 words · Viewed ~260 times


Fraud alert warning signs.

Way back in the early days of the Social Web, the writer Cory Doctorow invented Whuffie. Think of it as a way to formalise "upvotes" and "likes" on social media. Whuffie, a form of digital social reputation, replaces money and is a constantly updated rating that measures how much esteem and respect other people have for a person. This rating system determines who gets the few scarce items, like …

Stop this digital ownership madness. NFTs are bullshit. And the stupid makes me angry.

· 19 comments · 900 words · Viewed ~17,398 times


Fraud alert warning signs.

(A hastily written and grumpy post.) Another day, another Blockchain Bullshit project. Someone "claimed" one of my Tweets and added it to the Blockchain. I'm not particularly happy about that. Nor am I happy with the hoops I had to jump through to contact the company and remove my work. You can read the whole sorry thread on Twitter. But, mostly, I'm unhappy with this whole scammy…

Digital Scarcity is a Con

· 10 comments · 900 words · Viewed ~919 times


Cover art for The Beatles' Sgt Pepper Album.

In the early days of the web, I used to go hunting for Beatles Bootlegs. I scoured forums, emailed dodgy geezers, and swapped poorly encoded RealAudio™ files on USENET. The Beatles had recently released their Anthology series, and us nerds were desperate to hear more unreleased goodies. Sure, there were rarities and out-takes, but we wanted more. We wanted Ultra Rare tracks. That one song no o…