Bitcoin is an incredibly unique technology that breaks new ground in Peer-to-Peer technology, networking protocols, and cryptography. There is no precedent or example for us to build from. But maybe, despite its difference, we can still find lessons in protocols that came before. There happens to be another P2P protocol, that disrupted entire industries, and survived in the face of powerful opposition… BitTorrent. Simon Morris brings us this excellent 4 part series: BitTorrent Lessons for Crypto!
If 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.”
Another 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/
“… 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
Last year we received a published paper detailing the advantages of the new MuSig Multisignature Scheme, this year we get the code! From the incredible minds at Blockstream, don’t miss an exciting development…
Do you wonder what incredible insights a foundation in economics and money reveal about how the world is shaped, and how it applies to understanding Bitcoin’s awesome potential?
If 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! Check out @RolloMcFloogle and @Slappy_Jones_2 for more awesome content & definitely check out the amazing playlist for a deep understanding of Bitcoin over at 10HoursOfBitcoin.com
“1. There’s little correlation between early adopters and intelligence…
Most OGs were just lucky, not smart. That said, the OGs who still understand what Bitcoin is at this point are battle tested enough to be worth listening to….” @iwearahoodie
“The human threat model is intended to help humans better understand the threats to that they face and the tools available, and in active development, for defense. Threats are assumed to be any activity designed to prevent humanity from accomplishing it’s mission to make the world delightful.” @jwweatherman
Today we dive into the “Bitcoin Threat Model” by @jwweatherman. An exploration and extensively sourced work on the many different attack vectors and adversarial conditions within the Bitcoin system, their likely effect, and the security measures in place to mitigate them.
A lot of announcements and tons of exciting stuff to talk about in this episode! Plus our read of the just released Casa Browser Extension, inspired by the Lightning Joule extension, which is one of the coolest additions to the Casa suite yet, plus they are now Open Source!! Don’t miss an exciting episode with today’s QuikRead!
Bitcoin | Guy Swann | Lightning Network | The Cryptoconomy Podcast A follow-up to our previous episode "#Reckless to Wumbology" discussing the incredible development and new tools coming to the Lightning Network. As well as an exploration of the vast complexity of the...
Want to know more about Neutrino, Submarine Swaps, Dual Funded Channels, Atomic Multi-Path Payments, Splicing, Sphinx Send, Eltoo, Channel Factories, Watchtowers, and the incredible list of new products coming for the Lightning Network? Look no further, Arjun Balaji (@arjunblj) & TheBlockCrypto (@theblock__ + @mdudas) brings us a walk through the major developments in Lightning with “From #Reckless to Wumbology.”
Today we go through a short but awesome run down of the guiding principles at Casa. This company is one to watch very closely over the coming years, and a few things from their recent post make this very clear.
“Today, there exists over 180 currencies across 195 countries. The reason for such an anomaly is simple: there is no free market for currencies. Currency markets have been restricted by governments in order to maintain financial control.”
Coinmetrics.ioAn amazing piece of work from the Coinmetrics.io team using the full node data and some serious digging to uncover the fraudulent minting of over 2 Million BTCP coins! A detailed analysis of how and when the coins were created, and how it managed to go...
Taking a dive into an awesome tweetstorm from @danheld about the context, purpose, and beginnings of Bitcoin and whether it meets “Satoshi’s Vision,” or if it even matters.
After setting up and experiencing The Lightning Network firsthand as part of the Casa Node crew and our own little pool of channel liquidity and management, we bring 3 guests on the show to talk all about Lightning, what they are working on, and what they hope for the future. Don’t miss this one!
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…
A look at the crazy past, the present, and the future of Bitcoin and where I think things are headed. Bitcoin is here to stay and there are 10 amazing years of Proof-of-Survival I can point to as evidence. Happy Birthday Bitcoin! May the next 10 years be just as crazy!
“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 illuminating.” – Brandon Quittem
After setting up and experiencing The Lightning Network firsthand as part of the Casa Node crew and our own little pool of channel liquidity and management, we bring 3 guests on the show to talk all about Lightning, what they are...
“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
“Auditing controls might fairly be called the security protocols of capitalism… [but] auditing is in deep conflict with efforts towards greater privacy.” -Nick Szabo
“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
We hit a major milestone in the show! Thank you to everyone who has stayed with us and contributed to the show! Today I’m covering the past & future of the show and new things coming to Cryptoconomy.Life!
“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.
A short episode today introducing the video walkthrough of the Initial Setup of the Casa Bitcoin & Lightning Node, and configuring your router to be both accepting requests for blockchain data for Bitcoin & routing payments for Lightning! A must for any Node Operators out there.
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.
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...
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.
We begin Section 3 today with the defining of the hacker ethos, the birth of #FOSS, & the seeds of the #Cypherpunk mMovement as we continue our journey through the amazing @IterativeCap Thesis on the #Bitcoin and #CryptocurrencyPhenomenon!
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!
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!