Guy’s Take_012 – Full Nodes or Nothing, The Story of Validation [Part 1]
When we dig to the very base elements of Bitcoin, we find it is merely digital points. What make these integers different from identical ones on billions of other computers? It is the rules that restrict the editing of those specific integers we call Bitcoin, in other words, it is the network of validating nodes that define it. In this episode you will hear Part 1 of my argument as to why.
Don’t forget to check out @StopAndDecrypt’s relevant article series and the amazing graphics for visualizing the relationship between nodes, miners, and the network by visiting the page below:
https://medium.com/@StopAndDecrypt
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Read_246 – Errors in Satoshi’s Whitepaper [David A. Harding]
Today we take a stroll through a collection of known errors, clarification, and terminology changes from the original whitepaper made available thanks to David A. Harding. The chain of signatures, “one-CPU-one-vote,” the distinction between nodes and miners, and much more. This will have some important details we will reference later in the week while exploring validation and nodes on the Bitcoin network, and what it means to “define” the Bitcoin system.
Check out Harding’s Github page for the full list and other work he has put together, and follow him on Twitter so you don’t miss other great content and discussion:
https://gist.github.com/harding/dabea3d83c695e6b937bf090eddf2bb3?utm_source=share&utm_medium=ios_app
https://twitter.com/hrdng
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Read_245 – Bitcoin’s Gravity [dergigi]
A great piece just full of fun analogies on how to imagine the force of nature that is #Bitcoin. Don’t miss our first piece by @dergigi on the show today, exploring Bitcoin as a force of ideological gravity, and how the network codifies a concept into an explicit set of rules to define the game we play. Today’s read, Bitcoin’s Gravity!
Check out the other work by @dergigi on his personal page below, and also drop some applause on this article and go through the tons of links to the other great work he has spread throughout the piece!
https://dergigi.com/bitcoin/
https://medium.com/@dergigi/bitcoins-gravity-e1674ad9f8e4
Here are the other smattering of links & great reads we have covered in earlier episodes:
• Unpacking Bitcoin’s Social Contract by @Hasu
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198—Unpacking-Bitcoins-Social-Contract-e2oct5
• Visions of Bitcoin by @Hasu & @nic_carter
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_120—Visions-of-Bitcoin-e2ndqq
• Crypto-incrementalism vs Crypto-anarchy by @tonysheng
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_104—Crypto-Incrementalism-vs-Crypto-Anarchy-e2ndrd
• The Hodlonaut Defense Fund
https://weareallhodlonaut.com/
• The Long Road to SegWit
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_054—The-Long-Road-To-Segwit-e2ndsv
• SegWit2X Bugs Explained
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_144—SegWit2x-Bugs-Explained-e2ndq0
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Read_243 – Bitcoin in Heavy Accumulation [Part 2 – Tuur Demeester, Michiel Lescrauwaet]
The conclusion of the Adamant Capital report from Tuur Demeester & Michiel Lescrauwaet on the current state & sentiment of the Bitcoin markets. What could send the price lower? Where are we in the financialization process of the Bitcoin market? Is there still a possibility that Bitcoin becomes a globally recognized reserve asset? Find out in Adamant Capital report:
Bitcoin in Heavy Accumulation
Don’t forget to check out the Adamant Capital website & Blog for more data, and download the full report to see the numerous charts and data that is difficult to cover in the audio:
https://www.adamantcapitalfund.com/blog/
https://docsend.com/view/jwr8qwx
Follow the team on Twitter so you don’t miss anything:
https://twitter.com/TuurDemeester
https://twitter.com/MLescrauwaet
https://twitter.com/Adamant_Capital
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Read_243 – Bitcoin in Heavy Accumulation [Part 1 – Tuur Demeester, Michiel Lescrauwaet]
Today & tomorrow we will be going through the Adamant Capital report by Tuur Demeester & Michiel Lescrauwaet on the current state and sentiment of the Bitcoin markets, and the data that backs up their analysis. Is the bear market over? Should we be searching for bull horns breaking the horizon? Find out in Adamant Capital report:
Bitcoin in Heavy Accumulation
Don’t forget to check out the Adamant Capital website & Blog for more data, and download the full report to see the numerous charts and data that is difficult to cover in the audio:
https://www.adamantcapitalfund.com/blog/
https://docsend.com/view/jwr8qwx
Follow the team on Twitter so you don’t miss anything:
https://twitter.com/TuurDemeester
https://twitter.com/MLescrauwaet
https://twitter.com/Adamant_Capital
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Read_242 – Neutrino is Dangerous to my Self-Sovereignty [Nicholas Dorier]
In the follow-up to yesterday’s article, we are covering Nicolas Dorier’s second article on Neutrino, detailing the systemic risks of widespread SPV, and breaking down the different types and specific consequences of various node setups on the network. With the controversial stance that SPV threatens self-sovereignty more than even custodial wallets, Nicolas cedes no ground. Don’t miss another great article!
A brief shout out to the Casa suite in the commentary as well.
Don’t forget to head over to @nicolasdorier’s Medium page and drop some applause on this article, plus check out the other great work he has done on other topics:
https://medium.com/@nicolasdorier/neutrino-is-dangerous-for-my-self-sovereignty-18fac5bcdc25
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Read_241 – Why I Don’t Celebrate Neutrino [Nicholas Dorier]
Today we read an article from developer @nicolasdorier that illustrates why Neutrino might not be the panacea some seem to treat it as. It certainly has its benefits, but its important to look critically at every proposal, to ensure we understand what is, not what we wish to be.
Why I Don’t Celebrate Neutrino
Don’t forget to thank Nicolas for letting me cover his work and head over to his Medium page and drop some applause on this article, or get a head start on his follow-up that we will read tomorrow:
https://medium.com/@nicolasdorier/why-i-dont-celebrate-neutrino-206bafa5fda0
https://medium.com/@nicolasdorier
Disclaimer: I did not read this article 100% verbatim, as Nicolas’s first language is not english, there were multiple slightly odd wordings when read aloud. I corrected minor word choice/order on a few occasions to make the sentences clearer, but without altering the meaning as far as I interpreted it. Any mistakes in this regard are my own.
Previous Episode Introducing Neutrino: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_169—Neutrino-The-Lighter-Side-of-Lightning-e2ndp4
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Chat_011 – Lightning, Paywall.Link, & the Bootstrap Bandit
Today we bring Tim K (@bootstrapbandit) on the show to talk all about the Lightning Network & a new tool he built at Paywall.Link. Don’t miss this fun conversation about the positives and negatives of lightning, how easy it is to build for, and what the potential for this network is going forward. Enjoy!
Don’t forget to follow @BootstrapBandit on Twitter and check out what he is building over at Paywall.link.
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Read_240 – Rothbard on Utility Theory [Mises.org]
Today we grab a section out of one of the many incredible works by Murray N. Rothbard to discuss the idea of marginal utility and why money must be a good, and actually is not a unit of measure. As value can only be measured as relational to another good, money follows the same law of diminishing marginal utility. Find out why with our read & discussion of Rothbard’s “Toward a Reconstruction of Utility and Welfare Economics” from the incredible library at the Mises Institute.
Check out the full work to dive much deeper into this topic and so much more at Mises.org and the link below:
https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-0#2
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The Case for Electronic Cash [Jerry Brito]
The full audio version of “The Case for Electronic Cash” by Jerry Brito.
Abstract
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
The Case for Electronic Cash PDF
Coincenter.org
Jerry Brito on Twitter
Cryptoconomy.Life
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Guy’s Take_011 – Why Lightning Sucks
Lightning is complicated, difficult to use, sometimes doesn’t work properly, requires a lot of learning and experimentation, and is still a risky place to hold Bitcoin funds. Doesn’t this make it a protocol destined to obscurity and disuse? Doesn’t it mean that better, simpler options will simply replace it, and Bitcoin is to fail from its extensive limitations? Find out all the ways I find Lightning *doesn’t* do its job well, & what I think it means for the future in today’s Guy’s Take episode!
Mentioned in the show:
paywall.link
pollofeed.com
schnorr signatures
previous Guy’s take on the complexity of the internet
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Read_239 – How to Scale Bitcoin Without Changing a Thing [Part 2 – Nic Carter]
Even with #Bitcoin, are we destined for a future with intermediated payments? Will that give us a different color of the same system we’re stuck with today, or will Bitcoin still prove to be a revolution in financial trust? Lets dig deeper into the objections to Bitcoin Banks in Part 2 of @nic__carter’s “How to Scale Bitcoin (without changing a thing).”
Another huge thank you to Nic for this work and sparking an important discussion! Drop some major applause on this work and share it with others who have yet to read Nic’s amazing body of work! https://medium.com/@nic__carter/how-to-scale-bitcoin-without-changing-a-thing-bc4750dd16c7
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