“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 better way.” – @hasufly
“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.”
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 Rochard’s excellent piece that breaks it all down.
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.”
“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 the piece by the team at Iterative.Capital. Investigating the investment outlook and consequences of a world with Bitcoin. Don’t miss the conclusion of “The Cryptocurrency Phenomenon.
“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 Bitcoin network to accrue value, bring in developers, and expand its hardware environment. Don’t miss this one as we approach the conclusion of this thorough work!
“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 any central point of control. Concluding Section 5 of the incredible Thesis by iterative.capital, “Machine Consensus Via Proof-of-Work.”
“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 of control. Section 5 of the incredible Thesis by iterative.capital, “Machine Consensus Via Proof-of-Work.”
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 the iterative.capital Thesis on The Cryptocurrency Phenomenon.
Today we continue 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 on research and development.
Going through the initial setup of the Casa Bitcoin & Lightning Node and ensure your router settings are correct to serve the blockchain to the Bitcoin P2P network, as well as have your Lightning node reachable to route payments on the Lightning Network! We have...read more
"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 to the natural world to be particularly...read more
First impressions of the Casa Node and first issues standing in the way of my Lightning playtime. The pain is real. Plus, a few updates and what we have in the works for Cryptoconomy.Life in this short but sweet GuysTake episode!read more
Today we chat with @Real_Vijay about Bitcoin maximalism, growing internet censorship, standing up to Google, the troubles of BCH, the fall of Bitmain, and much more! Don’t miss today's chat with Vijay Boyapati! Follow him on Twitter so you don't miss the epic Tweet...read more
Lightning is slowly coming into its own. With clean working wallets, and dedicated plug-and-play nodes around the corner, it’s time to talk about the #LightningNetwork apps that I think could make waves in the early days. Listen to this “Guy’s Take” episode to find out more!read more
Would you give up $1,000,000 in Bitcoin today, to guarantee its success and that our future was one of sound, decentralized money? My answer would have to be 'yes,' and here's why. Support the show:Looking to Secure your Bitcoin with TREZOR?Shop.Trezor.io...read more
Building applications, expanding alternative media, software is eating the world, what's inside the ICOs & Altcoins, the future of Bitcoin, the Lightning Network, and the revolution this technology could bring! Don’t miss our chat with @TheOneVortex! Check out the...read more
Hashing out all the major pain points, who to trust, building your filter, and where to start when it comes to learning everything about Bitcoin today! Don't miss a fun chat with @CitizenBitcoin. Check out Brady & Tommy's podcast over...read more
"...ignorant persons continue to claim that the Lightning Network is fractional reserve and uses fake/IOU based “Lightning tokens.”read more
Price prediction is a tricky game, but there is some fundamental analysis that may tell us more about the broad trends. Tuur Demeester looks at retail interest, institutional hesitancy, and Metcalf's law for a current perspective in: "Bitcoin: We Don't Expect New...read more