Bitcoin & the Promise of Independent Property Rights
Does Bitcoin compete with Paypal & VISA, or something far more fundamental to human enterprise? Continuing “The Skeptics Guide to Bitcoin” series with Part 3…
Read MoreDoes Bitcoin compete with Paypal & VISA, or something far more fundamental to human enterprise? Continuing “The Skeptics Guide to Bitcoin” series with Part 3…
Read MoreBy rummaging through the history and defining the philosophy of BCash and the various “big block” forks of Bitcoin, we may be able to get to the center of that elusive thing called “Satoshi’s Vision”…
Read MoreIt feels like a good day for a long discussion comparing the trust model of government money, and the trust model of a decentralized, proof-of-work blockchain. Aka – Bitcoin vs. The Dollar.
Read MoreBitcoin 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?
Read MoreIf 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.”
Read MoreAnother short but excellent blog post covering the incredible work being done by the team over at @CasaHODL. For the first time we are seeing a user friendly application of one of Bitcoin’s core differentiators. Sovereignty as a service is a beautifully simple idea with huge implications. Don’t miss this short episode and check out the other awesome tools and products at https://blog.keys.casa/
Read More“… The movement from static to dynamic media promises to bring about a fourth cost revolution in the related areas of jurisdiction, trust, and security. Impacts on business will be felt in law, accounting, auditing, billing, collections, contracts, confidentiality, and so on: in short, the entire nature of our business relationships will be altered in ways only partially foreseeable.”
– Nick Szabo
Listening to an essay from 1997 that details specific challenges of something as distant as the smart contract embedded into the Lightning Network shows the unbelievable foresight of the cypherpunks. As well as the dedication to seeing their vision become a reality.
The risks and benefits of chargebacks, the nature of the trade-off between contract enforcement & ensuring privacy, the elements of splitting contractual elements (the ripped dollar bill) to minimize trust, pseudonymous credit ratings, and so much more in our completion of Szabo’s essay, “Formalizing and Securing Relationships on Public Networks.”
Read MoreCypherpunks write code! Last year we received a published paper detailing the advantages of the new MuSig Multisignature Scheme, this year we get the code.
Read MoreIf you haven’t heard it yet, don’t miss an awesome discussion all about Lightning and holding the Torch with the guys from the Rollo and Slappy Show!
Read MoreAnother great Twitter thread to cover, this time from Jason Smith @iwearahoodie) covering 5 incredible lessons learned after a year of being seriously into #Bitcoin. Are they the same things you’ve learned?
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