April 12, 2021
This article by Peter St. Onge was first published on Mises Institute website.
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One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency.
Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle finger to earth’s climate.” This is because bitcoin’s security, redundancy, and architecture are more energy intensive than traditional payments relying on a single point of failure.
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December 15, 2018
Understanding how the focal point of Bitcoin development operates.
This article by Jameson Lopp was published in his blog.
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if you’d prefer to consume this essay in audio format, you can listen to it here (narrated by Guy Swann of the Bitcoin Audible Podcast.) The question of who controls the ability to merge code changes into Bitcoin Core’s GitHub repository tends to come up on a recurring basis. This has been cited as a “central point of control” of the Bitcoin protocol by various parties over the years, but I argue that the question itself is a red herring that stems from an authoritarian perspective — this model does not apply to Bitcoin.
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April 3, 2022
This essay by Gigi was published on dergigi.com website.
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Video bitcoinized by RD ₿TC, based on an edit by Ampleforth.
Original source: An interview with F.A. Hayek (1984)
Law. Language. Money. The three paradigms of spontaneous and emergent order in society. Moral questions are at the root of it all:
Who should be allowed to speak? Who should be allowed to publish? Who should be allowed to have property?
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December 19, 2019
How Bitcoin Thrives on the Edge between Order and Chaos
This article by Gigi was published on dergigi.com website.
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if you’d prefer to consume this essay in audio format, you can listen to it here (narrated by Guy Swann of the Bitcoin Audible Podcast.) Bitcoin works. No matter what other opinions you hold about this strange phenomenon, it undoubtedly works, marches on, or, as I (and others) have previously argued, is alive.
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September 16, 2022
Technical analysis of mining behavior exhibited by an entity that is plausibly Satoshi Nakamoto.
This article by Jameson Lopp was published in his blog.
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If you spend enough time in the crypto ecosystem then you’ll no doubt come across arguments that some projects have unfair token distributions because they were “premined” / “instamined” / “fast mined” by the project founders, effectively enriching themselves from the initial launch of the project.
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May 1, 2020
This series by Brandon Quittem was published in his blog.
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Foreward # I need to give credit to Dan Held for publishing his 4-part series comparing bitcoin’s origin to planting a tree. While I loved his series, I believe a more robust analogy is comparing bitcoin to fungi. If you’re new to this topic, strap in — it is my honor to initiate you into the fascinating world of fungi.
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August 7, 2019
This article by Gigi was published on dergigi.com website.
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The definition of life has been a challenge for scientists and philosophers alike. While many definitions have been put forward, what precisely differentiates the living from the non-living remains elusive. Are viruses alive? DNA molecules? Computer viruses? Biologically produced minerals?
Ralph Merkle, inventor of cryptographic hashing and namesake of the Merkle tree, made the argument that Bitcoin is the first example of a new form of life.
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