Terence Eden’s Blog
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· blockchain crypto cryptography · 2 comments · 850 words
Wouldn't it be good if digital currencies worked offline? I'm going to talk through a proposed user experience, and then discuss how it would work in practice. Let us imagine a future digital currency ₢. It might be fiat, it might be crypto, doesn't really matter. Alice loads up a smartcard with ₢100 and locks […]
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· bitcoin blockchain crypto NaBloPoMo · 1,150 words · read ~256 times.I was at an event a few months ago, where someone from the Bank of England was talking about understanding the user needs for cryptocurrency. One of the things people do when trying to create a new product or service is to write little user stories to illustrate the problem they're solving. You've probably seen […]
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· bank blockchain crypto money · 14 comments · 650 words · read ~8,702 times.
When I was young, I had a piggy bank. A piggy bank is incredibly secure. It's fairly big - so it is hard to lose. It is brightly coloured - so you can find it easily. No one else can see how much money there is in there. The only way to get money out […]
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· crypto nft pgp web3 · 13 comments · 800 words · read ~10,503 times.
This is a small proof-of-concept. It relies on PGP - but you could use Keybase, GPG, or any other hard-to-use encryption program. Background Suppose you want to support an artist and give them money. That's easy. Most artists take PayPal, bank transfer, or cash. But how can you prove that you've paid an artist for […]
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· crypto money · 5 comments · 600 words · read ~177 times.I recently read this interesting, and distressing, story of a man who was drugged and robbed. A form of crime which has been going on for centuries. But the 21st Century twist is that the thieves forced him to transfer large sums of money via his phone's banking apps. While under the influence, the victim […]
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· blockchain crypto NaBloPoMo scam · 650 words · read ~291 times.
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 Crypto1 - named after the musical "Springtime for Hitler" from movie The Producers - where scams abound. You should take a couple of hours to […]
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· crypto nft speculative fiction Tales Of The Algorithm · 4 comments · 650 words · read ~316 times.David Bowie invented the NFT in 19971. The "Bowie Bond" allowed you to directly invest in an artist's catalogue and receive royalty payments based on their sales. Here's how it worked2: You pay money to the artist (Bowie) Artist uses that money to buy the rights to their back catalogue Every time one of the […]
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· beer crypto money · 3 comments · 400 words · read ~169 times.This is a thought experiment inspired by the sort of rambling and speculative conversations my wife and I have been having in lockdown. Most countries in the world place legal limits on alcohol production at home. There are, usually, several good reasons for this: Improperly brewed alcohol can cause severe health problems - including death. […]
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· crypto encryption fraud money scam signal · 5 comments · 850 words · read ~315 times.Messaging app Signal is launching a payment service in the UK. This will allow users to send each other money cryptocurrency. Many people have written about why this is a daft idea. But they've mostly talked about why cryptocoins corrupt everything they touch. I want to talk about why this is a shitty idea from […]
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· call recording crypto scam · 2 comments · 300 words · read ~253 times.
Another day, another phone scam. Yesterday, I received a call from +442085044434 by someone trying to get me to "invest" in BitCoin and other Cryptocurrencies. I managed to drag the call out for 6 minutes - have a listen: The caller admits the trading and advice isn't regulated. That they don't need permission to make […]
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