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BetterHash, Decentralizing Bitcoin Mining with new Hashing Protocols

What if we already had a solution to one of the biggest threats to the Bitcoin network, but simply weren’t implementing it? Today we read another great piece by StopAndDecrypt breaking down the numerous vulnerabilities of centralized mining pools, that simply wouldn’t exist, with the implementation of a TheBlueMatt’s new hashing protocol, BetterHash.

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Bit Gold

There were many precursors to the Bitcoin system, but IMO, none came as close to correctly defining the problem, and solving the key issues of trust as Nick Szabo’s Bit Gold concept. Reading another great piece made available by the Nakamoto Institute, we read and discuss the incredible prescience of Szabo through one of Bitcoin’s forefathers, Bit Gold.

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More Immutable than Stone

We start today’s show reading a short Twitter thread by @simonlutz21 which sparks a fun discussion about the presence of Proof-of-Work in nature, the awesome utility of immutability, and the power of Bitcoin’s inalterable ledger.

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Modeling Bitcoin’s Value with Scarcity

The incredible model for predicting and assessing the value of the Bitcoin network by @100trillionUSD is analyzed in his exceptional article that we read on today’s show, “Modeling Bitcoin’s Value with Scarcity.” With an R^2 above 95%, if you plan for a bitcoin future without closely assessing this model, you are ignoring a powerful indicator.  Hear all about what it means for “orange coin number” in today’s episode!

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Deflation & Liberty – Part 1

If Bitcoin’s supply is expected to be endlessly deflationary, doesn’t this ensure a never ending, economy destroying downward spiral?

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Deflation & Liberty – Part 2

“If Bitcoin’s supply is expected to be endlessly deflationary, doesn’t this ensure a never ending, economy destroying downward spiral?”

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My Path to Bitcoin Maximalism

Today we read an excellent article by Ben Perrin (@Btcsessions) laying out an excellent argument that reveals #BitcoinMaximalism as the meticulous and thoughtful position it actually is.  Rather than the arbitrary, religious, & closed-minded position many altcoiners would want you to believe.

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Unpacking Bitcoin’s Assurances

We make claims about Bitcoin’s assurances all the time.  It is censorship resistant, it’s open and permissionless, it’s counterfeit proof, etc.  But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality?

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The Right to Read

Do we live in an age of liberty, where information is freely accessible, or an age of heavy-handed copyright restrictions where we are losing the ownership of the very devices we hold in our hands? If I had to judge, it’s probably a bit of both.

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Invalid Blocks Need Not Apply

Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers.  An impenetrable fortress of validation.

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