>One of the many amazing technologies coming to Bitcoin, Taproot is one of the most promising improvements to the privacy, efficiency, & capabilities of the Bitcoin system. Another excellent article breaking it all down by Aaron Van Wirdum. Published at BitcoinMagazine.com, today we read & discuss:
“Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin”
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“Bitcoin is the first time we’ve combined Money as a unit, with Money as a Network, into one thing.” – Alexsandar Svetski
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“When people get up and begin to talk to me about how they’re going to use the blockchain to solve supply chain, or whatever other (mostly ridiculous) idea they have, it reminds of someone who just discovered that limestone aggregate in concrete makes for better strength and better overall properties in concrete; so they then apply it to everything else:
• They put some limestone in their green smoothie
• On their avocado and toast
• In their latte
• As a back rub on their partner’s skin
• And even as fuel in their car”
Another great piece from returning author Conner Brown on the false narrative of Bitcoin’s “deflationary” problems. Not only does it not result in the many naive claims of the critics, its actually our best defense against those very concerns.
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Is it the miners? The developers? The nodes? Who really defines Bitcoin, who establishes the rules that make it immutable, secures it against unwanted change, and determines the protocol that distinguish a random integer, from a true Bitcoin integer?
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Closing the week with the incredible conclusion of Knut Svanholm’s work! Don’t forget to thank him for making this available to us and everyone for free, so we can all discover Bitcoin together.
• A new form of life
• Is the blockchain the body of the organism?
• The necessity of privacy
• Why you should learn to surf
• The long road ahead!
Chapters 8 through 11 continuing our unabridged audio of Knut Svanholm’s excellent book on the Bitcoin phenomenon titled, “Sovereignty Through Mathematics”
• Anyone can change Bitcoin’s rules, but know one has been able to change Bitcoin
• Bitcoin is the underlying invention behind blockchain, not vice versa
• Money amplifies who we are
• Is Bitcoin an environmental disaster, or its remedy?
Another awesome read as we continue through Knut Svanholm’s excellent book, “Sovereignty Through Mathematics.” Part 3 goes into so many fascinating concepts on the nature of proof of work, and the zero-to-one invention of absolute digital scarcity.
• Proof of Work in nature
• Unforgeable Costliness
• Absolute scarcity
• Bitcoin’s & marshmallows
Continuing through our unabridged reading of Knut Svanholm’s excellent book available on Amazon, “Bitcoin: Sovereignty Through Mathematics”
• The inevitability of human bias
• The absurdity of fractional reserve
• Dangers of collectivism
• Bitcoin is Speech
• The Immaculate Conception
• And why decentralization is so damn hard!
Today we begin through this weeks complete unabridged reading of Knut Svanholm’s recent book available on Amazon, “Bitcoin: Sovereignty Through Mathematics.”
• Everything we do is a trade
• What is the impact of absolute scarcity, an idea we have never before seen manifested in society?
• And are we all now financial atheists?
Don’t miss Chapters 1 & 2 today followed by a fun discussion of the ideas covered.
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