The General Grievous Attack

The opening battle in Revenge of the Sith involves a spectacular piece of double-intrigue by Chancellor Palpatine, who arranges his own...

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Socially Optimal Transaction Fee Mechanism Design

Quick post to share a new working paper: a short mathematical proof it is possible to have a socially-optimal and collusion-proof...

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Nakamoto Consensus is a Keynesian Beauty Contest

In the Keynesian Beauty Contest, a newspaper asks its readers to select the best six images from a curated shortlist. After...

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Tolerating Malicious Majorities – Advances in Distributed Consensus

For the last four decades, computer scientists have believed that consensus mechanisms can tolerate a theoretical maximum of (n-1)/2 dishonest participants....

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A Simple Proof of Sybil Proof

Saito Consensus is a sybil-proof layer-one blockchain. The technical proof is contained in our paper on cost of attack, but as...

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An Open Comment on Tim Roughgarden’s Lecture Notes on Blockchain

This blog post is a open comment written in response to Tim Roughgarden’s public lecture on permissionless blockchains. It is intended...

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Saito Whitepaper – French Translation

Nous avons le plaisir de vous annoncer que le White Paper de $SAITO est maintenant disponible en Français. French Whitepaper –...

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Technocratic Hubris: what Hayek would say about Bitcoin

While we talk a lot about collective action problems and market failures at Saito, it isn’t necessary to understand public choice...

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Saito Co-founder David Says Openness & Self-sufficiency Matter in Blockchain at Blockchain Research Roundtable Event

Saito co-founder David Lancashire was invited to speak at Blockchain Research Roundtable on September 16th, 2021. The event gathered leading thinkers...

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Wolves and Sheep

It has become conventional wisdom that there’s no way to tell attackers (wolves) from honest nodes (sheep) in an open network....

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A Response to Paul Krugman from a Keynesian Bitcoiner

Dear Paul, I don’t envy your position as public enemy #1 for the cryptocurrency goldbug set, but it’s clear from your...

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The Scalability Trilemma is either Irrelevant or Wrong: here is why

As proposed by Vitalik Buterin, the scalability trilemma asserts that it is impossible to increase decentralization, scale or security in a...

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