"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/
"All fiat dies because it's a trusted token that governments can arbitrarily change. Every fiat with every single powerful military behind it fell when...
If you missed the insanity that happened during the "Block Wars" that extended from 2014 all the way to late 2017 with the split...
"Holepunch makes Hypercore more accessible by abstracting away low-level technical details of the protocol. It takes Hypercore one step further by simplifying the architecture...