28th June 2021
In 2015, the men controlling 80% of Bitcoin mining stood on stage together at a conference. Three or four entities have run Bitcoin mining since then. The only thing preventing miner misbehaviour is wanting to avoid spooking the suckers — it’s completely trust-based. Bitcoin now uses a country’s worth of electricity for no actual reason. You could do the transactions on a 2007 iPhone.
Recent articles
- Highlights from my conversation about agentic engineering on Lenny's Podcast - 2nd April 2026
- Mr. Chatterbox is a (weak) Victorian-era ethically trained model you can run on your own computer - 30th March 2026
- Vibe coding SwiftUI apps is a lot of fun - 27th March 2026