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!
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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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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“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”
“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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>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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Today we start our journey through the new report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. The monopoly being undermined, the technology that catalyzes the paradigm shift, the new economic class, and the new tools of self defense. Can these shed light on our own uncertain future?
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Today we conclude the report from Adamant Capital written by Tuur Demeester on a fascinating parallel between Bitcoin and the Protestant Reformation of the 16th and 17th centuries. A plethora of new financial tools and the flight to find security in uncertain times, and the many parallels with the role Bitcoin could play in finding a haven from the over-leveraged, over-regulated, and corrupt IMFS.
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To think of the value of a global, jurisdiction-less, “money-for-enemies” network as nothing more than the result of how many transactions it can do on the base layer, is to miss the point entirely. The difference between the payments systems and settlement systems of the world, their degree of assurances, and the desirable characteristics of their operation are often diametrically opposed.
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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 of the OpenNode team, titled “The Lightning Network: Why I Quit the Bond Market for Bitcoin”
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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