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Today we cover more specifically the consequences and risks of a divorce between miners & the network of nodes. What could the miners do, are sybil attacks proof that nodes worthless, what exactly are the incentives that keep the different players in this ecosystem working together? Don't miss another fun discussion on what defines Bitcoin, and the role that proof-of-work & validation play in this revolutionary technology.
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"Auditing controls might fairly be called the security protocols of capitalism… [but] auditing is in deep conflict with efforts towards greater privacy." -Nick Szabo...
"we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key...
Building a robust, censorship resistant, and globally available financial network, reliance on centralized networking infrastructure becomes one of the most significant points of failure. ...
