A look at the crazy past, the present, and the future of Bitcoin and where I think things are headed. Bitcoin is here to stay and there are 10 amazing years of Proof-of-Survival I can point to as evidence. Happy Birthday Bitcoin, may the next 10 years be just as crazy!
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“Auditing controls might fairly be called the security protocols of capitalism… [but] auditing is in deep conflict with efforts towards greater privacy.” –Nick Szabo
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What are the mental barriers that cause prospective consumers to drop off from interacting with an e-commerce business? How can we measure or estimate the worry caused by excessive forms, ads, and barriers to the content being sought. Another piece by @NickSzabo4 to add to our collection. Don’t miss “Estimating and Minimizing Consumer Worry.”
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Alok Menghrajani, security engineer at Square, details their Multisig & Hardware key management system for the cold storage of customer’s Cash app Bitcoin balances. Plus their decision to embrace the principles of the Bitcoin culture and open source their efforts to the benefit of the whole industry.
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We are in the midst of a global collapse in trusted institutions. #Bitcoin and blockchain tech enable networks & economies that mitigate dependence on these intermediaries in the world’s largest market for trust: Money.
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Today we read “Strong Federations, Foundation of Liquid, Whitepaper Release,” on Blockstream.com & take a deep dive all about the system that secures the operation of @Blockstream’s Liquid Sidechain. If you want to know more about Liquid, don’t miss this episode!
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Blockstream’s Liquid, a federated, production sidechain, has officially launched with exchanges accounting for more than half of the global Bitcoin exchange volume! In today’s episode we read and expand on the official announcement from the Blockstream Blog, as well as dive into what it could mean with a short Twitter thread from @LucasNuzzi. Don’t miss a fun episode.
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“Numbers generated by such a process are deterministic, but they pass statistical tests of what is considered “random”. Pseudorandomness, in turn, became one of the building blocks of a brand new field — also a child of the computer age: modern cryptography.” – Hugo Nguyen
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“By attaching energy to a block, we give it “form”, allowing it to have real weight & consequences in the physical world… In other words, PoW is the bridge between the digital & the physical.” – Hugo Nguyen
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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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