From the early web
A Faucet Balance Is Not a Blockchain Balance
The recovered 2016 BlackCoin.info pages reveal a useful distinction between a website's account credit and an on-chain payment.
Follow the accounting ↗The early web. The public ledger.
A history and technology journal about proof of stake, public ledgers and the early BlackCoin.info pages. Original records, read with context.
The distinction that matters
From the early web
The recovered 2016 BlackCoin.info pages reveal a useful distinction between a website's account credit and an on-chain payment.
Follow the accounting ↗Ideas worth separating · Proof of stake, privacy, software & evidence
Separate block production, protocol issuance, participation and asset price before interpreting a staking percentage.
Read the essay ↗Follow a payment through broadcast, block inclusion and application credit without treating a target interval as a stopwatch.
Read the essay ↗Understand why transparent transaction records and the absence of account-registration names do not amount to a promise of anonymity.
Read the essay ↗Publisher identity, checksums, signatures, release notes and network compatibility answer different questions about a software release.
Read the essay ↗A historical faucet offers a compact lesson in amounts, unit scales, claim intervals, thresholds and net withdrawals.
Read the essay ↗Separate a proposal, its implementation, a software release and network activation before describing a protocol upgrade.
Read the essay ↗How a redirect and a few faucet pages can become an honest historical collection without pretending that the original service has returned.
Read the essay ↗