“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

“by having the double accounting system rely on and be backed up by the triple accounting system you get the throughput of the double with the security and trustlessness of the triple.” -Todd Kronenberg

Don’t

“Auditing controls might fairly be called the security protocols of capitalism… [but] auditing is in deep conflict with efforts towards greater privacy.” -Nick Szabo

Don’t miss a great read and conversation on auditing, confidentiality, privacy,

“When Satoshi Nakamoto invented bitcoin, he did not invent a new social contract. Satoshi did something else—he leveraged technology to solve many problems of past implementations and implemented the old contract in a new and

“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.”
Today we begin

Curious about where to start or what to possibly focus on when learning Bitcoin, Lightning, and the fundamentals of the most important tools in this ecosystem? Look no further, today we read and discuss Pierre

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

“Far from being a novelty or prototype, Bitcoin has shown itself to be a threatening alternative to present-day organizational conventions and to the large commercial businesses that rely on them.”
The Epic finale of

“Thus, Bitcoin is the first free, non-commercial software project with the intensity of a commercial product.”
Today we hit Section 6 of the Iterative.Capital Thesis exploring the incentives and feedback loops that allow the

“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.”
Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without

“How does Bitcoin use a peer-to-peer network of computers to enforce the rules agreed upon by human participants?”
Today we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point

Today we explore how the Bitcoin incentives bring together disparate groups of developers, technical operators, and users to maintain and expand the Bitcoin system in a free and collaborative environment. Continuing with Section 4 of

Today we continue through Section 3 of the Iterative.Capital Thesis on the Cryptocurrency Phenomenon exploring the Open Source process, how free software dominated the internet, and how the hacker movement effectively destroyed the institutional monopoly

Continuing our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon. Don’t miss Part 3!
Check out the other awesome work

Continuing our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon. Don’t miss Part 2!
Check out the other awesome work

Today we start our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon. Don’t miss this one!
Check out the other

“Government involvement is usually limited to mediating the clash between incumbents and innovators. Rarely is government the incumbent.” -Zack Voell
Think Bitcoin is apolitical? Think again. You don’t want to miss this one by

There is this wonderfully vague idea that I endlessly hear about called “Satoshi’s Vision.” I’ve read many differing supposed “visions” of Satoshi’s and the only constant between them is that it was also the opinion