“So, what people call “SPV” today, is actually the practice of trusting the hashrate majority not JUST to prevent doublespending, but to properly verify and enforce Bitcoin rules.” @giacomozucco
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“It was around this time — 1997, close to the [cypherpunk mailing] list’s peak popularity — that Back submitted his Hashcash proposal.” @AaronvanW @BitcoinMagazine
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“While patching the first hack, they seem to have initially wanted to decrease the time drift to 15 minutes, but things kept… going wrong.”
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Are smart contracts really the trustless panacea that we all dream they are? Or are there serious and often insurmountable challenges that too many ignore? Find out more in @JimmySong’s excellent article on the Truth About Smart Contracts.
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@TheBlueMatt has introduced a new protocol to re-decentralize the vulnerability of mining pools. Listen to @dantwany’s article breaking down what this could mean for the future of Bitcoin.
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Today we read @StopAndDecrypt’s thorough breakdown of the Ethereum scaling and validation trade-off. Is ETH an inherently centralizing system? Find out in today’s Quik Read.
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Covering the weeks top stories with Bitcoin Magazine’s Week in Review – Looking to the Past and the Future.
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The once-feared 51% attack of POW security has recently moved from a theoretical vulnerability to a common occurrence.
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Another from @goorha and @parabolictrav detailing the application and incredible potential of Bitcoin’s contractual governance. A truly global and open platform for economic organization. Don’t miss this one!
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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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