Read_428 - Discovering Bitcoin #4 - A Wrong Turn & A New Plan [Giacomo Zucco]

August 12, 2020 00:37:45
Read_428 - Discovering Bitcoin #4 - A Wrong Turn & A New Plan [Giacomo Zucco]
Bitcoin Audible
Read_428 - Discovering Bitcoin #4 - A Wrong Turn & A New Plan [Giacomo Zucco]

Aug 12 2020 | 00:37:45

/

Hosted By

Guy Swann

Show Notes

"While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of." - Giacomo Zucco

Continuing the excellent series of Discovering Bitcoin, this is an awesome set of articles covering thousands of years of monetary history and evolution all the way to The Lightning Network. Today's part is "A Wrong Turn," breaking down the process of innovating money to solve the "scaleness" problem, that ended up putting at huge risk of control and corruption, the "hardness" and "darkness" of our money. Into the age of full virtualization, what could possibly solve this? Do we need a New Plan?

Check out the previous parts if you haven't!
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
PArt 3 - Introducing Money: https://anchor.fm/thecryptoconomy/episodes/Read_426---Discovering-Bitcoin-3-Introducing-Money-Giacomo-Zucco-ehphre

Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!

If you haven't gotten your collectors copy of the Bitcoin Magazine, you can check it out at the store below!
https://store.bitcoinmagazine.com/

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

Other Episodes

Episode

September 06, 2021 01:48:59
Episode Cover

Shitcoin Insider #006 - Proof of What?

Proof of stake, versus proof of work. Isn’t POW super wasteful, while POS is the cost free alternative that obviously is as equally secure?...

Listen

Episode

October 29, 2018 00:25:43
Episode Cover

CryptoQuikRead_175 - Open Sourcing Subzero [Alok Menghrajani @CashApp]

Alok Menghrajani, security engineer at Square, details their Multisig & Hardware key management system for the cold storage of customer's Cash app Bitcoin balances....

Listen

Episode

March 04, 2020 00:34:46
Episode Cover

CryptoQuikRead_362 - How Lightning Can Improve Encrypted Messaging [Colin Harper]

"devising a scheme that handles both messaging and payments under one roof could be a killer app" - Colin Harper As part of Bitcoin...

Listen