An Explainer is a somewhat complicated system in that it directly uses on-chain contract call transactions as its payment method. This means that a sale’s status passes through phases that are governed by actions that occur on the chain which can only be initiated by transactions that are signed by the users and must be verified […]

Alternative Tracks

“How did you go bankrupt?” Bill asked.“Two ways,” Mike said. “Gradually, then suddenly.” Ernest Hemingway, The Sun Also Rises A cascade of financial crises are rushing across the Western world. Gradually Imagine a set of express trains that are all headed toward a single catastrophic, multi-track collision. Each train is heavily damaged already, but the […]

2015-2016 Energy Price Drop Will Disentangle Russia, Not Crush It

Energy prices are dropping. Commodity prices are dropping, actually, in general. Production is slowing. People are finally realizing that China is as flimsy as government construction. The Euro is indeed linking Eurozone economies by failure instead of success, and doing so in a way that limits their market rights. The EU is inherently unstable. Cold […]