“The dissent did not come in the form of a parchment scrawled with a feathery pen or an assembly of diplomats, but in the form of the Blockade Runner. These ships were built for two things: speed and capacity, in that order.” -@CarCampIt
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“Numbers generated by such a process are deterministic, but they pass statistical tests of what is considered “random”. Pseudorandomness, in turn, became one of the building blocks of a brand new field — also a child of the computer age: modern cryptography.” – Hugo Nguyen
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“By attaching energy to a block, we give it “form”, allowing it to have real weight & consequences in the physical world… In other words, PoW is the bridge between the digital & the physical.” – Hugo Nguyen
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“The BCB enforces the strictest deposit regulations in the world by requiring full reserves for all accounts. This is the digital equivalent of the Chicago Plan or the Austrian 100% reserve gold standard.” -Pierre Rochard
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Autopilot, Channel Names, Verify from Scratch, Node Nicknames and more. Hear about the features in the new Casa Bitcoin and Lightning node!
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“No equation, no chart in this fourth part. Just a short discussion about the total cost of Bitcoin’s PoW. It will offer us the opportunity to introduce another fundamental property of PoW which makes it truly unique.” -LaurentMT
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“In this third part, we’re going to focus on a slightly different question: “Is the system running at its optimum?” -LaurentMT
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Listen to @Laurentmt‘s article explaining how the Yin and Yang of Bitcoin, Hodling & Mining, affect the efficiency of the system and how they drive the system’s dynamics.
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“At last, we have derived two metrics which both suggest that contrary to a widespread opinion, Bitcoin’s PoW is actually becoming more and more efficient.” –@Laurentmt
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