"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp
Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.
Check out the original article at: Bitcoin’s Security Model: A Deep Dive
Links:
Anatomy of Proof of Work [Part 1 - Hugo Nguyen]
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
-------------------------
“I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"It takes two nudges to convert a nocoiner. The vast majority of people got their very first nudge in 2017. These people are now...
"Last night, lightning struck our house and burned it down. I escaped wearing only my nightclothes. In an instant, everything was vaporised. Laptop? Cinders....
"Ossification is complacency. Yes, we all agree that Bitcoin is great. But _I do not agree_ that Bitcoin has reached its full potential. I...