Only the Strong Survive - Full Audio

October 05, 2021 03:04:30
Only the Strong Survive - Full Audio
Bitcoin Audible
Only the Strong Survive - Full Audio

Oct 05 2021 | 03:04:30

/

Hosted By

Guy Swann

Show Notes

"In this piece we discuss our concerns around the broader “crypto” space beyond Bitcoin. Our arguments revolve around three primary themes: Philosophical, Technical, and Economic. From a philosophical perspective, we discuss the core properties that make Bitcoin work and that make it unique, in our view. From a technical perspective, we evaluate how these properties are lacking to a greater or lesser extent in alternative “cryptoassets,” having been designed out again on questionable philosophical justifications. From an economic perspective, we walkthrough our concerns that “crypto” has not shown a path to establishing a basis for justifiable real-world value, explain why we believe this would be very difficult to ever accomplish, and suggest therefore that their technical flaws are especially vulnerable. Given the complexity of the task we have set ourselves, this piece is intended to bring our arguments into long form and provide a discussion base for good faith disagreement." - Allen Farrington & Big Al Section Summaries: Part 1 - The Innovation From First Principles Part 2 - Crypto is Not Decentralized Part 3 - Crypto is Not Finance Part 4 - The "Investment" Rationale Part 5 - Layered Architecture and Gall's Law Part 6 - Why We Might Be Wrong Find the original work and further details in the appendices here: https://www.uncerto.com/only-the-strong-survive This unabridged reading was brought to you by the BitBox hardware wallet, the open source vault for your Bitcoin keys; The Fold Card, earn sats back rewards on everything you purchase; and Swan Bitcoin, the automatic Bitcoin purchase plan for every Bitcoiner. Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

April 03, 2025 02:17:30
Episode Cover

Roundtable_008 - Just a Little Misinformation

If you are looking for real bitcoiners giving their take on all the major news that happened in bitcoin for the past month, you...

Listen

Episode

April 29, 2019 01:05:27
Episode Cover

CryptoChat_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.  ...

Listen

Episode

August 28, 2018 00:50:18
Episode Cover

CryptoQuikRead_140 - Lightning Network 2.0 [Part 2]

“That’s right: while we’re here still trying to wrap our minds around Layer 2 solutions, these mad scientists are already proposing a system with ...

Listen