Category: Internet

The Cryptocurrency Phenomenon – Part 5

Today we explore how the Bitcoin incentives bring together disparate groups of developers, technical operators, and users to maintain and expand the Bitcoin system in a free and collaborative environment. Continuing with Section 4 of the iterative.capital Thesis on The Cryptocurrency Phenomenon.

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The Cryptocurrency Phenomenon – Part 6

“How does Bitcoin use a peer-to-peer network of computers to enforce the rules agreed upon by human participants?”

Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point of control.  Section 5 of the incredible Thesis by iterative.capital, “Machine Consensus Via Proof-of-Work.”

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The Cryptocurrency Phenomenon – Part 7

“In practice, the Proof-of-Stake approach proves to be problematic in systems where the coins “at stake” were not created through Proof-of-Work.”

Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point of control. Concluding Section 5 of the incredible Thesis by iterative.capital, “Machine Consensus Via Proof-of-Work.”

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The Cryptocurrency Phenomenon – Part 8

“Thus, Bitcoin is the first free, non-commercial software project with the intensity of a commercial product.”

Today we hit Section 6 of the Iterative.Capital Thesis exploring the incentives and feedback loops that allow the Bitcoin network to accrue value, bring in developers, and expand its hardware environment. Don’t miss this one as we approach the conclusion of this thorough work!

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