“No equation, no chart in this fourth part. Just a short discussion about the total cost of Bitcoin’s PoW. It will offer us the opportunity to introduce another fundamental property of PoW which makes it truly unique.” -LaurentMT
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“In this third part, we’re going to focus on a slightly different question: “Is the system running at its optimum?” -LaurentMT
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Listen to @Laurentmt‘s article explaining how the Yin and Yang of Bitcoin, Hodling & Mining, affect the efficiency of the system and how they drive the system’s dynamics.
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“At last, we have derived two metrics which both suggest that contrary to a widespread opinion, Bitcoin’s PoW is actually becoming more and more efficient.” –@Laurentmt
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Is ASIC resistance really the panacea that some claim it is? Will it solve the never ending challenges of a decentralized network? Or is it just a buzzword used to sell Bitcoin alternatives? Find out in @StopAndDecrypt‘s thorough piece on ASIC resistance.
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Bitcoin is the first truly decentralized registry for property ownership. The first application of which is value in its most abstract form, money. But how can we extend this to physical property and titles outside of political institutions? Who better to explore the topic with than Nick Szabo (@nickszabo4)? “Securing Property Titles with Owner Authority.”
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“It’s actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source of the far higher reliability and and much lower vulnerability of block chains.” – @NickSzabo4
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“Crypto-incrementalists and the crypto-anarchists share strong convictions in the power of decentralization… However, these groups diverge quickly as we move from the abstract to the material.” –Tony Sheng
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