Paul Sztorc

Director of Research, Tierion
Paul Sztorc

Paul discovered Bitcoin in 2012 and is a major proponent of sidechains. He has worked to implement Drivechain which potentially improves the consensus mechanism behind side chains. He has also contributed two Bitcoin Improvement Proposals (BIPs), one on hashrate escrows, and a second on blind merge mining.

In 2013 and 2014 he designed blockchain prediction markets, and taught this design to Dyffy, the organization which would later split into Augur and Gnosis. He spoke at Scaling Bitcoin conferences 1-3, and served on the program committee for Scaling 4. He is an advocate of Proof of Work, and has published a widely-read essay called “Nothing is Cheaper than Proof of Work.” He is also a frequent guest on Vortex’s “The Bitcoin News Show”, “DeRose Uncensored” and “Bitcoin Uncensored”.

In 2010 Paul earned undergraduate degrees in Economics, Psychology, and Math and an MBA in finance from Case Western in Cleveland. From 2012-2015 he worked as a statistician for the Yale Economics department, until Roger Ver suggested that he quit and work on Bitcoin full time. He joined Bloq in March 2016, and became Tierion’s Director of Research in June 2018.