“The Bitcoin Threat Model is intended to help developers, investors and users better understand the security of Bitcoin. Threats are assumed to be any activity designed to prevent Bitcoin from accomplishing its mission to become cash (including a unit of account).” @jwweatherman
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Today we go through a short but awesome run down of the guiding principles at Casa. This company is one to watch very closely over the coming years, and a few things from their recent post make this very clear.
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Taking a dive into an awesome tweetstorm from @danheld about the context, purpose, and beginnings of Bitcoin and whether it meets “Satoshi’s Vision,” or if it even matters.
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“Bitcoin is a living system constantly changing based on environmental stimuli. True understanding is a moving target unlikely to ever be hit.
Attempting to answer the question “what is bitcoin,” I found exploring parallels to the natural world to be particularly illuminating.” – Brandon Quittem
“While sovereign money has undeniably led to a lot of abuse, as evidenced by instances of hyperinflation, seizures or capital controls, the absence of all control brings problems of its own.”
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“Government involvement is usually limited to mediating the clash between incumbents and innovators. Rarely is government the incumbent.” –Zack Voell
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“If you build a system meant by its very nature to dis-intermediate third parties and exist independent of governments and legal systems, you have an identity problem.” –Nic Carter
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Would you give up $1,000,000 in Bitcoin today, to guarantee its success and that our future was one of sound, decentralized money? My answer would have to be ‘yes,’ and here’s why.
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“If we do nothing, new technologies will give the government new automatic surveillance capabilities that Stalin could never have dreamed of. The only way to hold the line on privacy in the information age is strong cryptography.” -Phil Zimmerman
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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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