When it comes to software that is designed to protect privacy of communication and identity, the most natural question that arises is one of trust. How can it be trusted? The most widely accepted answer to this question is the software that is openly available for public scrutiny is the one that can most easily be trusted. This is considered the gold standard because any proprietary, closed-source software may have existing security issues that are hidden and unable to be exposed publically. This latter form is often described as “security by obscurity”. If achieving the highest standard of trust in…


A few weeks before the Bitcoin network was officially launched on January 3rd 2009, its mysterious pseudonomous creator, Satoshi Nakamoto, shared a pre-release version of the code on the metzdowd cryptography mailing list with a couple of users that gives us special insight into his original ambitions for the pioneering cryptocurrency project we know as Bitcoin.

Bitcoin Gaming

Most crypto enthusiasts today may believe Bitcoin was always intended to function as a “store of value” in the form of a “digital gold”. More seasoned cryptocurrency veterans recognize that Bitcoin used to function as both a medium of exchange as well…


The traditional Proof of Work (PoW) model of Bitcoin that many in the cryptocurrency industry are familiar with is a cryptographic mechanism used to achieve consensus; agreement on transactions that are to be accepted on a distributed network of mining nodes. The “mining” of Bitcoin is the reward or compensation for helping to establish that consensus by doing the computational work to solve a cryptographic puzzle and in so doing helping to secure the network. Therefore “Proof of Work” in Bitcoin is a security model implemented to verify the authenticity of transactions.

Utopia is a project unlike any other in…


When an industry or market is in the very early stages of development, there is a rush to capitalize on new opportunities. With every signal of increased market potential, there is a surge of investment and development seeking to capitalize on that potential. In the cryptocurrency industry, the price of Bitcoin has traditionally been that indicator. In Bitcoin’s 11 year history, with every market bull run, a surge has followed. The surge of development has not always been positive for the industry. In fact, it can be argued that much of the development that has come about, especially in the…


The froth and frenzy of the 2017 cryptocurrency bubble is back at full steam in 2021 as social and traditional media helps push the meme coin DOGE to ever greater heights, recently surpassing established top ten coins like Cardano (ADA) and Polkadot (DOT) by market capitalization. Unfortunately, like a game of musical chairs, everyone has fun while the music is playing but when it stops people will need to find a chair and there will be very few chairs to go around. Just as GameStop (GME) shares skyrocketed to almost $500 per share at the beginning of the year before…


In Part IV we reviewed the introduction of Bitcoin and the tremendous potential that exists in applying P2P technology to money itself. Bitcoin’s creation was a kind of revelation of that potential, but unfortunately its evolution over the past 11 years has been the tragic story of a revolution interrupted. Just as the internet before it was the opening of untold potential in terms of connecting people and sharing ideas, it too eventually devolved into a surveillance landscape ripe for corporate and government exploitation. What went wrong?

The majority of Bitcoin users today would be surprised to learn what Satoshi…


In Part III we reviewed the meteoric rise and fall of Napster, followed by the birth of a truly Peer-to-Peer content sharing platform in the form of the BitTorrent protocol. We discussed how revolutionary a technology BitTorrent was and how integral to the Internet it has become. Now in Part IV, we will discuss what happens when the profoundly democratizing and resilient power of Peer-to-Peer technology is brought to bear on money itself.

On October 31st 2008, the Bitcoin white paper is published and on January 3 2009, Bitcoin’s Genesis Block is mined. Previously, the idea of digital money could…


In Part II we reviewed the heyday of the BBS (Bulletin Board Service) as well as Internet Relay Chat (IRC). In Part III we will focus on the revolutionary changes that came about in the way people shared content and the consequences of those changes. In early 1999, Napster was launched by teenagers who had met each other on a BBS related to hacking by some accounts, and IRC by others. Their goal was clear; make sharing music over the internet easy. Their software utilized Peer-to-Peer technology and took off like wildfire. The growth of their service was explosive even…


In PART I we traveled back in time 40 years to help trace what may be described as the technological grandfather of Utopia in the form of Usenet (User’s Network). Let us now begin moving forward in time from there to help better appreciate the evolution of digital communication and the internet in order to obtain a more profound understanding of what Utopia seeks to accomplish. The 1980s brought the heyday of the BBS, (Computer) Bulletin Board Service. The younger generation of today will have no conception of what the BBS represented, but it spoke to an earlier era before…


The memory of man is short and his attention span even more fleeting. If you wish to more fully appreciate the revolutionary potential of Utopia’s P2P Ecosystem, you must have an appreciation for how revolutionary and empowering the technologies that came before it really were. Before cryptocurrencies, before Bitcoin, before Bittorrent, before Napster and even before the modern internet we know today, there was Usenet. A name derived from “User’s Network”, Usenet was considered the first telecommunications system to utilize what can be described as peer-to-peer technology. To quote Columbia professor and co-author of “Netizens: On the History and Impact…

P2P Revolution

Welcome to the P2P Revolution of Utopia

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