“It's actually the protocol (Nakamoto consensus, which is highly distributed) combined with strong cryptography, rather than just decentralization per se, that is the source of the far higher reliability and and much lower vulnerability of block chains.” - @NickSzabo4
Check out Szabo’s incredible blog, Unenumerated, at:
https://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
Support the show: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5
Guy's Roundtable gets together for another awesome breakdown. Covering all the happenings this month: Trump wins the election, new bitcoin innovations, court rulings on...
If you are curious of the foundations of thought that ultimately led to the creation of the Bitcoin system, Nick Szabo is absolutely the...
"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever...