"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"the adoption of a superior form of money has tremendous multiplicative benefits to wealth creation for all members of a society." - Vijay Boyapati...
Harold Thomas Finney (May 4, 1956 – August 28, 2014) In one of his last posts on the BitcoinTalk forums, Hal Finney posted a...
"While Bitcoin can control the number of users inside the network, it has no control over the number of users accessing the network through...