"Satoshi Nakamoto created Bitcoin as a tool for privacy. The entire cypherpunk quest, which Satoshi was an active part of and which the Bitcoin experiment is the coronation of, was all about personal and financial privacy." - Giacomo Zucco
A great piece from Giacomo, published with Bitcoin Magazine, on the concepts and origins of privacy behind Bitcoin. Why it's needed, what it means, and all the ways we will secure it. A Treatise on Bitcoin & Privacy Part 1. Let's dive in!
Check out the original and get a head start on Part 2 with the links below:
Part 1: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-1-a-match-made-in-the-whitepaper
Part 2: https://bitcoinmagazine.com/articles/a-treatise-on-bitcoin-and-privacy-part-2-dont-be-misled-by-red-herrings
We have a choice about our future, are you securing yours? Start a bitcoin savings account at SwanBitcoin.com for the no hassle solution to a long term Bitcoin Savings Plan. Missing out on the technological revolution of the century is not an option.
https://www.swanbitcoin.com?grsf=xngc0c
If you want to support the show and hang out with the Cryptoconomy Crew, you can do so over at Patreon.com/thecryptoconomy, or by donating at TheCryptoconomy.com. Support the Audible of the Bitcoin space and share with everyone you know! 10 million Bitcoiners is our target, our mission toward a better future.
“They just freelanced it,” is how one former employee characterized the decision. “Hacking was the excuse, but within a few hours, pretty much everyone...
"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...
"Money, in the ideal (which we’ll likely always only ever strive for, and not achieve), turns a portion of ‘our work, here and now’,...