In this paper, we introduce investors to a decades-old subculture of eccentric software-makers who resist the oppressive and ethically-fraught traditions of corporate employment. We encounter how they set out in the 1980s to make commercial software irrelevant, and how their mission expanded into a war against all forms of institutional oversight. We examine…
“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.”