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