Latest posts
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Specifying Bitcoin Consensus and Commons Governance for Node Optionality
Summary The June 15, 2026 episode of the Bitcoin Infinity Show features Josh of Secure Sovereign presenting Bitcoin Commons, a Rust implementation that formally specifies consensus separately from Core’s monolithic codebase. He identifies differential testing across the full chain and cryptographically attested release binaries as mechanisms binding the implementation to a verifiable specification. He positions
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Monetary Deflation, Node Sovereignty, and Bitcoin Governance Risk
Summary The June 28, 2026 episode of The Robin Seyr Podcast features Jeff Booth framing deflation as the free market’s natural state, distorted by debt-based fiat money. He identifies node operation as individual agency and Bitcoin yield products as a centralization trap that recreates fractional-reserve fragility. He expects an eventual chain split to determine whether
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Maintainer Concentration and Bitcoin Governance Reform
Summary The February 23, 2026 episode of The Bitcoin Nova Podcast features Josh (“Secure Sovereign”) presenting a quantitative governance analysis identifying merge-access concentration among a handful of Bitcoin Core maintainers. He locates the root problem in a monolithic 350,000-line codebase that entangles consensus rules with non-protocol code and lacks any mathematical consensus specification. He proposes
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The BIP-110 Choice: A Map of the Communities Behind Bitcoin’s Data War
A proposal with vocal grassroots support is entering its August signaling window with minimal miner support. The reason is not that Bitcoiners have stopped caring about sound money; sound money commitments now point toward different remedies. Bitcoin’s most contested governance proposal in years is approaching its decisive window but still with almost no one mining
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Chapter 06. When refusal is not enough: Bitcoin’s quantum migration dilemma
This is the July 2026 draft of chapter 06 in my new book, When Policy Falls Behind: Bitcoin, AI, and the Governance of Fast Systems. Copyright © 2026 by Murray A Rudd. A pdf version of this chapter is available at: https://dx.doi.org/10.2139/ssrn.6693259 Introduction A cryptographically relevant quantum computer (CRQC) running Shor’s (1997) algorithm could derive private
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Chapter 03. When exit is the only voice: Bitcoin relay policy
This is the July 2026 draft of chapter 03 in my new book, When Policy Falls Behind: Bitcoin, AI, and the Governance of Fast Systems. Copyright © 2026 by Murray A Rudd. A pdf version of this chapter is available at: https://dx.doi.org/10.2139/ssrn.6557201 Introduction The fastest equity trade in modern financial markets executes in nanoseconds while the
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Chapter 08. Bitcoin worlds
This is the June 2026 draft of chapter 08 in my new book, When Policy Falls Behind: Bitcoin, AI, and the Governance of Fast Systems. Copyright © 2026 by Murray A Rudd. A pdf version of this chapter is available at: https://dx.doi.org/10.2139/ssrn.6749281 Introduction Since its conception, Bitcoin (Nakamoto, 2008) has unsettled long-standing assumptions about money, value,
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Chapter 09. Bitcoin, US dollar stablecoins, and monetary pluralism
This is the June 2026 draft of chapter 09 in my new book, When Policy Falls Behind: Bitcoin, AI, and the Governance of Fast Systems. Copyright © 2026 by Murray A Rudd. Introduction Current US legislation is determining which digital assets can be absorbed into finance without disturbing the US dollar’s role as unit of account.
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Chapter 02. The institutional economics toolkit
This is the June 2026 draft of chapter 02 in my forthcoming new book, When Policy Falls Behind: Bitcoin, AI, and the Governance of Fast Systems. Comments are welcome! Introduction Bitcoin – a decentralized, permissionless, peer-to-peer protocol (Nakamoto, 2008) – is often introduced through monetary economics, computer science, or political theory (Antonopoulos, 2015; Böhme et al.,
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Chapter 05: The Bitcoin custody paradox
Here is the June 2026 draft of chapter 05 in my forthcoming new book, When Policy Falls Behind: Bitcoin, AI, and the Governance of Fast Systems. Comments are welcome! Click here for a downloadable pdf version. Introduction Bitcoin’s custody paradox arises because of the nature of agency in Bitcoin’s permissionless environment. A pension fund allocator