In one of his last posts on the BitcoinTalk forums, Hal Finney posted a short message about his past, finding Bitcoin, working with Satoshi, coming to terms with his disease, and the legacy he was leaving behind. On this day in 2014 we lost a true cypherpunk
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For this milestone it’s time to take it back to the philosophical roots of the movement that lead to the community, the ideas, and the drive to create Bitcoin and the other tools enabling a future with a free, open, & global cryptoconomy!
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“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
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With a really cool and succinct article from Darren Kleine (@_DKleine), today’s read is on the “sins” of debt and usury, and how a good or bad monetary system will either encourage its corruption, or protect society from its abuse. Don’t miss a great little read and fun discussion all about the nature of debt, money, and a new financial world built on Bitcoin.
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Today we take a stroll through a collection of known errors, clarification, and terminology changes from the original whitepaper made available thanks to David A. Harding.
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Bitcoin is an incredibly novel technology, there are few technologies that can boast the revolutionary impact that Bitcoin potentially has. However, there is still much to be learned from its predecessors and benefactors.
Today we cover Part 2 of Simon Morris’s excellent series on the lessons we can take from BitTorrent to better understand the goals and value of Bitcoin and Crypto. If it doesn’t break the rules, then why does decentralization even matter?
In the context of Part 2, knowing that the true value of decentralization is in breaking rules, Simon Morris now explores the consequences of a systems “intent,” the incredible complexity and balance it requires to sustain them, & the paradox of making changes to a system whose power resides in its capacity to resist change.
So what is the outcome of decentralized disruption? Who are the winners when there is a shift to an entirely new paradigm?
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If you missed the insanity that happened during the “Block Wars” that extended from 2014 all the way to late 2017 with the split of Bitcoin Cash, then you aren’t going to want to miss this article. With a thorough overview of both the history and core ideas behind the numerous ideas and personalities wrapped into the blocksize debate, Lucas Nuzzi lays out the full picture with his article “The Resolution of the Big Block Experiment.”
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Abstract
In this paper, we introduce investors to a decades-old subculture of eccentric software-makers who resist the oppressive and ethically-fraught traditions of corporate employment. We encounter how they set out in the 1980s to make commercial software irrelevant, and how their mission expanded into a war against all forms of institutional oversight. We examine…
“Thus, Bitcoin is the first free, non-commercial software project with the intensity of a commercial product.”
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“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.”
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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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