The Infinite State Machine
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The Infinite State Machine

Sam's Blog. Thoughts on value engineering using distributed ledgers, and potentially other topics.


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CRYPTONOMICS podcast with Mark Pesce

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Recently I had the pleasure of stepping into the studio with the illustrious Mark Pesce to talk about Libra. Mark had been promising me that he wanted to get me onto the podcast for some time for various topics, and the timing was finally right for us. Our tim…

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Blockchain: Value Representation

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Introduction In the previous post, we discussed the unique ability for blockchains to tokenise assets, having the power to combine the best properties of physical assets (unable to be copied), with the best properties of digital assets (easily transferrable).…

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Blockchain: the Infinite State Machine

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Part 1: Blockchain: the Infinite State Machine tl;dr - blockchains are fundamentally systems for managing valid state transitions. To get the best from blockchain, the problem should first be defined in terms of a state machine. Satoshi's seminal innovation i…

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Blockchain: Asset Tokenisation

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In Part 1, we introduced the idea that blockchains can be conceptualised as systems that are useful for managing valid state transitions. We also introduced the idea of 'state machines' as a means to model real-world (analogue) behaviour so that we ca…