CryptoQuikRead_261 - The God Protocols [Nick Szabo]

June 19, 2019 00:30:15
CryptoQuikRead_261 - The God Protocols [Nick Szabo]
Bitcoin Audible
CryptoQuikRead_261 - The God Protocols [Nick Szabo]

Jun 19 2019 | 00:30:15

/

Hosted By

Guy Swann

Show Notes

"Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody's side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party would learn anything more about the other party's input than they could learn from their own input and the output."  - Nick Szabo

Another great piece by Szabo about the implications of a multi-party virtual computer and the incredible possibilities that such a protocol could open up. With amazing foresight, Szabo wrote this piece in 1997, detailing many of the trade-offs and complications in creating a shared system just like Satoshi's.  Is Bitcoin The God Protocol he hoped to see?

Don't forget to check out the collection at the Nakamoto Institute & Szabo's Unenumerated blog:
https://nakamotoinstitute.org/the-god-protocols/
https://unenumerated.blogspot.com/2007/08/mutually-private-computation.html

Be sure to follow @nickszabo4 and the @NakamotoInst on twitter!

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

August 17, 2020 00:42:47
Episode Cover

Read_429 - Discovering Bitcoin #5 - Digital Scarcity [Giacomo Zucco]

Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it's "hardness."...

Listen

Episode

April 02, 2026 02:21:01
Episode Cover

Roundtable_019 - Bitcoin's In-House Stress Test

This week, the whole crew is back for another Roundtable. I sat down with Mechanic, Steve, and Jeff to talk about the painful reality...

Listen

Episode

May 24, 2021 01:24:29
Episode Cover

Read_529 - QE, MMT, Inflation & Deflation - Part 1 [Lyn Alden]

"Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some...

Listen