Read_327 – Bitcoin is Worse is Better [gwern]
Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true “New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible.
Today we read a fascinating piece from Bitcoin’s rich history, originally published in 2011, and edited, added to, and updated for years since. At Gwern.net, Bitcoin is Worse is Better:
https://www.gwern.net/Bitcoin-is-Worse-is-Better
Don’t forget to check out the original piece with a literal ocean of links and further exploration. If you want to waste 15 minutes, or half a day, there’s more than enough to explore.
As a great (& short) read to accompany this on the “Rise of Worse is Better” philosophy, check out the original post by Richard P. Gabriel below:
https://dreamsongs.com/RiseOfWorseIsBetter.html
For more on the history of Bitcoin, the open source movement, and the “worse is better” design philosophy, I highly recommend the Iterative Capital Thesis on The Cryptocurrency Phenomenon:
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon—-The-Iterative-Capital-Thesis-e2u7qq
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Read_326 – Innovations in Bitcoin’s Technology Stack [Lucas Nuzzi]
For everyone that tells you Bitcoin is a stagnant technology going nowhere, this is the article to point them to. Another be returning author Lucas Nuzzi, we cover a piece that touches on the plethora of developments happening across all fronts in the Bitcoin ecosystem. Much like the development of the internet, Bitcoin has the benefit of building a modular protocol stack to solve a vast array of problems without compromising the underlying network. A great read to close the week.
Follow Lucas Nuzzi on Twitter, be sure to drop some applause on the article, check out the link to explore all the crazy stuff discussed in this piece, and lastly check out Digital Assets Research for more great work:
https://medium.com/digitalassetresearch/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14
Check out the other great reads we have by Lucas!
Schnorr Signatures & the Inevitability of Privacy
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226—Schnorr-Signatures–The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
The Resolution of the Big Block Experiment
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_218—The-Resolution-of-the-Big-Block-Experiment-Lucas-Nuzzi-e3g7ms
The Liquid Network w/ Thoughts from Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_166—Liquid-Network-Launch-and-Thoughts-from-Lucas-Nuzzi-e2ndp8
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Money, Bitcoin, & Time – by Robert Breedlove
Money is the tool that enables human exchange and prosperity…
Bitcoin is a sovereign, sound, digital form of money…
Time is the only true scarcity that exists for humanity…
Listen to a walk through the Bitcoin perspective and the rich history that enlightens the story for Bitcoin’s immense monetary potential. Reading the unabridged audiobook of Money, Bitcoin & Time, written by Robert Breedlove. Link below to the original PDF to explore the data and graphics or the extraordinary list of reads in the sources on pages 89-90.
https://www.parallaxdigital.io/blog
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Read_325 – Lightning, Why I Quit the Bond Market for Bitcoin [Nik Bhatia]
Another of the many great pieces from Nik Bhatia getting into the impact and scope of the system that the Lightning Network could become. Bitcoin is neither just a store of value, nor just a medium of exchange, it’s both. The LNP/BP protocol stack is taking us into the future, hear all about it in today’s read from Nik Bhatia, now part the OpenNode team, titled “The Lightning Network: Why I Quit the Bond Market for Bitcoin.”
Link to Nik’s Twitter and the original article on his Medium page:
https://twitter.com/timevalueofbtc
https://medium.com/@timevalueofbtc/the-lightning-network-why-i-quit-the-bond-market-for-bitcoin-12693120039f
The other great pieces by Nik we have covered on the show:
The Triumvirate of Liquidity
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_317—The-Triumvirate-of-Liquidity-Nik-Bhatia-e8t41e
Bitcoin is a Human Right
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_269—Bitcoin-is-a-Human-Right-Nik-Bhatia-e4jtga
The Business of Bitcoin Cold Storage
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_182—The-Business-of-Bitcoin-Cold-Storage-Nik-Bhatia-e2ndoj
Our 3rd ever Interview with Nik Bhatia all about the future of Capital Markets
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_003—Nik-Bhatia-on-The-Future-of-Bitcoin-Financial-Markets-e2ndqv
The Bitcoin Second Layer
https://cryptoconomy.podbean.com/e/cryptoquikread_132-the-bitcoin-second-layer/LNRR
The Time Value of Bitcoin
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_143—The-Time-Value-of-Bitcoin-e2ndq2
The Bitcoin Risk Spectrum
https://cryptoconomy.podbean.com/e/cryptoquikread_109-the-bitcoin-risk-spectrum/
Grab your copy of the Little Bitcoin Book or listen to the audiobook read by me!
https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances/dp/1641990503/ref=sr_1_1?crid=2K1ZY3IJWOWZE&keywords=the+little+bitcoin+book&qid=1575326799&sprefix=the+littel+bitcoin%2Caps%2C156&sr=8-1
Join me at the Bitcoin maximalist conference next year! Get tickets for BitBlockBoom2020 at the link below – offer code CC for 30% off! BitBlockBoom.com
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