“Those who argue “high fees will kill adoption” fail to understand the intensity of assurances Bitcoin offers, and the ease at which it does this. Put lightly — Bitcoin is insanely cheap compared to alternative options for obtaining high degrees of assurance. Bitcoin is a vehicle built for moon missions, but we are giving it similar treatment to a scooter.” – ImacallyouJawdy
Read More” ‘Break stuff’ in that context means ‘Kill People.’ The software simply must work every time, no compromise, no guesswork, no exceptions. There are no ‘do overs’ or roll-backs.” The “To the Moon!” Bitcoin meme is far more relevant than many realize. Bitcoin is mission critical software. It requires a vastly different engineering philosophy and…
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” ‘Break stuff’ in that context means ‘Kill People.’ The software simply must work every time, no compromise, no guesswork, no exceptions. There are no ‘do overs’ or roll-backs.”
The “To the Moon!” Bitcoin meme is far more relevant than many realize. Bitcoin is mission critical software. It requires a vastly different engineering philosophy and design. With a short, but fun piece by @Beautyon_, we break down the conceptual reasons why the development mentality of Bitcoin should be mirror the mentality of those designing software that carries men & woman to the moon.
Check out, and drop some applause on the original at the link below. Don’t forget if you like this work that you can send a donation ot the posted address, along with exploring the many other articles from @beautyon_:
https://hackernoon.com/bitcoin-and-software-reliability-d681367a49b2?source=———13——————
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants. It is specifically because we only receive the most important piece of information, its new value in relation to other things (the price), that we can so quickly align ourselves with the new state of the world…
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Is Bitcoin’s security going to be unreliable, volatile, or could it even fail entirely when we lose the block subsidy? Or is Bitcoin set to operate smoothly with a natural transition from newly minted bitcoin, to transaction fees?
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Exploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants.
Read MoreCurious about all the #BitcoinTwitter buzz recently? I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama. Too long; Didn’t Listen – • Don’t be a jerk. • We aren’t responsible for other people’s feelings. • If you have to choose…
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Curious about all the #BitcoinTwitter buzz recently? I went digging to find the associated twitter threads & comments to read, and then discuss my own take on all the drama.
Read MoreExploring the magic of cryptography using a magic hammer, gray dust, a magic potion, & a pair of very special pajama pants. Don’t miss another read from @Dergigi on the absolute magic of cryptography and how it will utterly change everything we think we know about the world. We are entering a new era of…
Read MoreIn a crazy conversation from last night’s meet-up, I learned of discussion of a purposeful re-org, a 51% attack, on the #BCH chain by 2 miners. After a few hours scrambling to pull details together this morning, this is what I’ve discovered so far. Don’t miss this Guy’s Take episode all about the #Bcash 51%…
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