“It’s actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source of the far higher reliability and and much lower vulnerability of block chains.” – @NickSzabo4
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The 4th in the excellent Genesis Files Series from Aaron Van Wirdum (@AaronvanW) and Bitcoin Magazine (@BitcoinMagazine). Today we read about BitGold and How Nick Szabo (@NickSzabo4) was “Inches From Inventing Bitcoin.”
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“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to a large number of nodes/transactions.” – @SarahJamieLewis
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“Bitcoin staked to Lightning is the most unique income producing asset in all of monetary history: income with zero counterparty risk. The historical implications of this on capital markets are tremendous.” – Nik Bhatia
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“Compromising on trustlessness could help the Bitcoin price find a local maximum, at the expense of finding a much higher global maximum.” – Pierre Rochard
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“Dai would become best known for an idea he casually announced in November 1998… ‘I hope this is a step toward making crypto-anarchy a practical as well as theoretical possibility.’ He called his proposal B-Money.” – Aaron Van Wirdum
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“You have to remember that you chose this path not because you didn’t have any options, but because you knew you could create even more options for yourself.” – Jill Carlson
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“A Statist is a man or woman who believes that only the State should be the final arbiter of every activity man can engage in. In Bitcoin, Statists are a constant irritant and lethal toxin.” @Beautyon_
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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