“Contrary to what the critics would have you believe with all of their scary language about fraud and risk, when I send an on-chain Bitcoin

“I am talking about the inability to confront shortcomings with layers of the system. The inability to confront substantial threats or attack surfaces that are

“Some concepts are essen­tial, removing them because you want a better UX might turn out to be fatal.” – Gigi
En excellent piece from

“DLCs are uniquely positioned to bring smart contracting to Bitcoin using oracle contracts that are much more private and scalable than previously thought possible.” –

“Instead of relying on accountants, regulators, and the government, Bitcoin relies on a global network of peers to enforce rules, shifting enforcement from manual, local,

“If one transaction can be censored and controlled, can’t all transactions be censored and controlled? Can’t the powers-that-be deprive participants of the ability to exchange

“Most Cypherpunk veterans on the Cryptography mailing list had by then seen one too many electronic cash experiments come and go, without any real successes

“This explanation rests on illustrating a few interesting properties of how Proof-of-Work is used in the blockchain that are not immediately obvious and sometimes are

“The project was initially understood as yet another doomed attempt to construct a digital currency by the disillusioned cypherpunk community. And without anyone’s permission, Bitcoin