CryptoQuikRead_334 – A Bitcoin Roadmap 2020 & Beyond [John Newbery Tweet Thread]
Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could Bitcoin bring to us? Today we read an amazing thread by John Newbery on the exceptional list of tools and technologies making their debut on the Bitcoin and Lightning protocol stack that will change everything about how we interact with and use this incredible technology. So much exciting stuff to go over, don’t miss “A Bitcoin Roadmap” twitter thread by John Newbery.
Link to John’s thread and thorough list of links included to explore the tons of improvements on the horizon, or already available to be built with. I highly encourage a dive down this rabbit hole!
https://twitter.com/jfnewbery/status/1208559196465184768
• Jack Mallers & Announcing Olympus (fiat-to lightning in seconds)
https://twitter.com/JackMallers
[audio] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_299—Announcing-Olympus–From-Fiat-to-Lightning-in-Seconds-Jack-Mallers-e5j7ko
• Schnorr & Privacy by Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226—Schnorr-Signatures–The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
• Taproot is Coming by Aaron Van Wirdum
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318—Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
• Lightning & the “Noinput Class” by Aaron Van Wirdum
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297—Simplifying-Lightning–The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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Reboot – Shelling Out: The Origins of Money [Nick Szabo]
“The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects.” – Nick Szabo
If you haven’t listened to it yet, the time is now. If you have listened to it, then it can’t hurt to listen to it again. One of the most essential prerequisites in the Bitcoin space to shine a light on the foundations of money, its history, and the nature of its origins. Today we reboot Nick Szabo’s incredible piece, “Shelling Out: The Origins of Money.”
Check out the original piece hosted on the Nakamoto Institute, and of course the unenumerate blog where you can find hundreds of other excellent posts and works by Nick Szabo.
https://nakamotoinstitute.org/shelling-out/
https://unenumerated.blogspot.com/
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CryptoQuikRead_333 – The Passion of the Believers [Hass McCook]
“At the end of the day, everyone has to believe in something; might as well believe in something verifiable and unforgeable.” – Hass McCook
As I walk in the valley of fiat, I shall not fear the Economic Reckoning! You don’t want to miss this awesome piece by @FriarHass on the “True Believers” of Bitcoin, and why it is not only a religion, but the one True Way. One of the many great articles in the recently released edition 2 of The Bitcoin Times. Check out the amazing links below for more great work and to drop some applause on this wonderful piece!
Original Article:
https://medium.com/the-bitcoin-times/the-passion-of-the-believers-bf26f3b46315
The Bitcoin Times Editions 1 & 2
https://sites.google.com/getamber.io/thebitcointimes/
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
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CryptoQuikRead_332 – Proof of Stake, Private Keys Attacks & Unforgeable Costliness [Hugo Nguyen]
Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history – unforgeable costliness. Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today’s read!
Check out the original (hit that applause button) plus the other great pieces Hugo has on his Medium page!
https://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb
For a deeper dive into unforgeable costliness, listen to the absolute essential read, by Nick Szabo, “Shelling Out, The Origins of Money.”
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out—The-Origins-of-Money-Nick-Szabo-e2ndom
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
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CryptoQuikRead_331 – Proof of Stake & The Wrong Engineering Mindset [Hugo Nguyen]
What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios?
Find out this and more in today’s read of Hugo Nguyen’s excellent piece “Proof of Stake & the Wrong Engineering Mindset.” This will be the beginning of a short series that will finish out our week attacking the PoS design from all angles. Subscribe so you don’t miss it.
Follow Hugo on Twitter and Medium to explore his other great work and so you don’t miss his next one!
https://twitter.com/hugohanoi
https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2
Other great Episodes and works mentioned in today’s commentary:
Nassim Taleb’s “Block Swan”
https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X/ref=sr_1_1?keywords=black+swan+nassim&qid=1576710842&s=books&sr=1-1
CarCampit’s “Bitcoin Blockade runner”
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_160—Bitcoin–Blockade-Runner-of-the-Information-Age-CarCampit-e2ndpf
The Drunkard’s Walk
https://amzn.to/2Mzzr2K
The Bitcoin Survivor’s Book List
https://thecryptoconomy.com/bitcoin-survivors-book-list/
Hugo Nguyen’s other great articles in audio:
Ethereum Architecture is Flawed
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_223—Ethereum-Architecture-is-Flawed-Hugo-Nguyen-e3i5k1
Anatomy of Proof of Work
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_158—Anatomy-of-Proof-of-Work-Part-1—Hugo-Nguyen-e2ndpg
Bitcoin, Chance, and Randomness
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_159—Bitcoin–Chance–and-Randomness-Part-2—Hugo-Nguyen-e2ndpi
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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CryptoChat_029 – With David Hollerith & the Bitcoin Magazine Podcast
Don’t forget to check out the Bitcoin Magazine Podcast and follow Dave on Twitter!
https://twitter.com/DsHollers
https://twitter.com/BitcoinMagazine
Additional resources from the chat:
• Does Bitcoin Need Accountants? (audio)
• A Most Peaceful Revolution (audio)
• Cryptoconomy website
• Bitcoin Time Traveller (audio)
• Bitcoin Is Worse Is Better (audio)
• The Sovereign Individual
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CryptoQuikRead_330 – Does Bitcoin Need Accounts? [Aaron Van Wirdum]
Another clever & censorship resistant system for identity within the Bitcoin system is being proposed. Called “Easypaysy,” developer Jose Femenias Canuelo has created a system to safely & independently create a static on-chain account system, that would solve the need both of having to reuse Bitcoin addresses, & having to constantly generate new ones for every payment. Today we read the Bitcoin Magazine article by none other than Aaron Van Wirdum breaking down exactly what it is, how it works, and what it might mean for the future of interfacing with the Bitcoin system.
A huge thank you to the Let’s Talk Bitcoin Network and the crew over at Bitcoin Magazine for letting me cover all of their incredible content! Its exciting to join the many great shows on the LTBnetwork and get the best written works in Bitcoin to all those who don’t have the time to read them. Don’t forget to check out the full article plus other links to the white paper for further exploring this new tool:
https://bitcoinmagazine.com/articles/bitcoin-need-accounts-one-developer-thinks-figured
https://twitter.com/BitcoinMagazine
https://twitter.com/AaronvanW
Do NOT miss out on Aaron’s other works, here’s a list of a handful of his other great articles we’ve covered in audio:
• Taproot is Coming
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318—Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
• Simplifying Lightning, The “No Input” Class
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_297—Simplifying-Lightning–The-Noinput-Class-Aaron-Van-Wirdum-e5fhoa
• A Cryptoconomy Chat with Aaron VW!
https://anchor.fm/thecryptoconomy/episodes/CryptoChat_018—Investigating-Bitcoin-with-Aaron-Van-Wirdum-e4rt9e
• Statechains – Sending Keys, Not Coins
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_272—Statechains–Sending-Keys-Not-Coins-Aaron-Van-Wirdum-e4mue1
• Understanding the Lightning Network Parts 1-3
Part 1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_047—Understanding-The-Lightning-Network-Part-1-e2ndtd
Part 2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_048—Understanding-The-Lightning-Network-Part-2-e2ndt4
Part 3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_049—Understanding-The-Lightning-Network-Part-3-e2ndtc
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CryptoQuikRead_329 – Bitcoin, Not Blockchain [Parker Lewis]
Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is “Bitcoin, Not Blockchain.”
There is nothing about blockchain that makes it inherently immutable. Immutability emerges over time as the consequence of economic incentives and a native monetary unit that secures those incentives. It is hard won in the battle of monetary competition, something that cannot be copied or challenged with frivolous features, or arbitrary “utility.” Parker breaks it all down in his great article, “Bitcoin, Not Blockchain.”
Don’t forget to check out the Unchained Capital Blog for tons of great written works by Parker and others:
https://www.unchained-capital.com/blog/bitcoin-not-blockchain/
Check out all the other great pieces we’ve covered recently in the Gradually, Then Suddenly series:
Gradually, then Suddenly [the series so far]
1 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_290—Gradually–Then-Suddenly-Parker-Lewis-e55nu4
2 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291—Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
3 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_302—Bitcoin-is-Not-Too-Volatile-Parker-Lewis-e6diss
4 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_306—Bitcoin-Does-Not-Waste-Energy-Parker-Lewis-e7ojph
5 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_321—Bitcoin-is-Not-Too-Slow-Parker-Lewis-e93sbj
6 – https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_324—Bitcoin-Fixes-This-Parker-Lewis-e97cia
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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CryptoQuikRead_328 – Under a HEX [Goldman Sats]
The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money.
Listen to find out more!
Don’t forget to drop the max applause on this article and for @TooWumboToFail’s excellent research into how this works and making it available to everyone. And if you ever hear word of someone thinking of participating, don’t forget to send them to this article or episode before they do.
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57
Here is the “advanced analysis of how HEX works” link buried in the website so anyone who wants to explore further can do so.
https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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CryptoChat_028 – Horny for Justice at the Raleigh Meetup
Is Bitcoin really a religion?
Is all money some form of religious institution?
What happened to Virgil Griffith?
Are juries the best or worst idea for finding justice?
These are the important questions that we answer at the Raleigh Meetup Podcast! Listen to today’s episode and dont forget to check out the Raleigh Meetup podcast for an awesome chat every week!
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CryptoQuikRead_327 – Bitcoin is Worse is Better [gwern]
Is Bitcoin the perfect money, or is it the worst money that solves the most essential problem, as simply and reliably as possible? In true “New Jersey” style, Bitcoin doesn’t attempt to be everything, it attempts to do ONE thing as beautifully, & as unambiguously as possible.
Today we read a fascinating piece from Bitcoin’s rich history, originally published in 2011, and edited, added to, and updated for years since. At Gwern.net, Bitcoin is Worse is Better:
https://www.gwern.net/Bitcoin-is-Worse-is-Better
Don’t forget to check out the original piece with a literal ocean of links and further exploration. If you want to waste 15 minutes, or half a day, there’s more than enough to explore.
As a great (& short) read to accompany this on the “Rise of Worse is Better” philosophy, check out the original post by Richard P. Gabriel below:
https://dreamsongs.com/RiseOfWorseIsBetter.html
For more on the history of Bitcoin, the open source movement, and the “worse is better” design philosophy, I highly recommend the Iterative Capital Thesis on The Cryptocurrency Phenomenon:
https://anchor.fm/thecryptoconomy/episodes/Whats-Really-Driving-the-Cryptocurrency-Phenomenon—-The-Iterative-Capital-Thesis-e2u7qq
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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CryptoQuikRead_326 – Innovations in Bitcoin’s Technology Stack [Lucas Nuzzi]
For everyone that tells you Bitcoin is a stagnant technology going nowhere, this is the article to point them to. Another be returning author Lucas Nuzzi, we cover a piece that touches on the plethora of developments happening across all fronts in the Bitcoin ecosystem. Much like the development of the internet, Bitcoin has the benefit of building a modular protocol stack to solve a vast array of problems without compromising the underlying network. A great read to close the week.
Follow Lucas Nuzzi on Twitter, be sure to drop some applause on the article, check out the link to explore all the crazy stuff discussed in this piece, and lastly check out Digital Assets Research for more great work:
https://medium.com/digitalassetresearch/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14
Check out the other great reads we have by Lucas!
Schnorr Signatures & the Inevitability of Privacy
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_226—Schnorr-Signatures–The-Inevitability-of-Privacy-in-Bitcoin-Lucas-Nuzzi-e3jfhi
The Resolution of the Big Block Experiment
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_218—The-Resolution-of-the-Big-Block-Experiment-Lucas-Nuzzi-e3g7ms
The Liquid Network w/ Thoughts from Lucas Nuzzi
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_166—Liquid-Network-Launch-and-Thoughts-from-Lucas-Nuzzi-e2ndp8
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
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