"And, how could bitcoin be effective as a transactional currency for payments if its value could reasonably drop tomorrow?"
Links to the best articles, videos and podcasts about Bitcoin.
"The key cryptographic protocols used to secure the internet and financial transactions of today are all susceptible to attack by the development of a sufficiently large quantum computer."
"Hamas, the militant Palestinian group, has been designated a terrorist organization by Western governments and some others and has been locked out of the traditional financial system. But this year its military wing has developed an increasingly sophisticated campaign to raise money using Bitcoin."
"The following is an attempt to explain some of the reasons behind this polarization, explore the underlying dynamics in more detail, and illustrate why an increasing number of people seem to be gravitating towards Bitcoin."
"Over the past years, many bodies have published data on massive wealth concentration in an otherwise decentralized Bitcoin network. Some of these reports have identified that less than five percent of all bitcoins addresses hold about 95 percent of all bitcoins. Research published in 2017 by How Much showed that 1 percent of those addresses had control over half of the bitcoin market."
"Post bitcoin, every Tom, Dick & Harry seems to think that they can create money too. At a root level, this is the audacity of everyone that attempts to create a copy of bitcoin. Whether by hard-forking out of consensus (bitcoin cash), cloning bitcoin (litecoin) or creating a new protocol with “better” features (ethereum), each is an attempt to create a new form of money. If bitcoin could do it, why can’t we?"
"I’ve titled the series Gradually, Then Suddenly. As Hemingway penned the process of going bankrupt, it’s also the way that government-backed currencies hyper-inflate and often how people come to understand bitcoin (gradually, then suddenly)."
"Some have posited that there is a “non-zero chance” that bitcoin would make a great reserve currency. I disagree, I believe that there is exactly zero chance that could happen. I do think, however, that the global reserve system will radically change over the next couple of decades. Bitcoin could be a part of what emerges."
"Only 2 percent of the 200,000 bitcoin transactions in the data set were deemed illicit as part of Eliptic’s initial work. While 21 percent were identified as lawful, the vast majority of the transactions, roughly 77 percent, remained unclassified."
"Brief introduction to the security, privacy, and freedom of your money."
"The main selling point of systems like Ethereum and EOS is their ability to execute smart contracts, at least according to the supporters of those projects. To them, Bitcoin is simply too limited and conservative, and new approaches are needed to unlock the true power of blockchain technology."
"Bitcoin is a crowd. Crowds can be understood."
"One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. This point was an area of heavy debate among libertarians and Austrian economists who had become interested in bitcoin as a potential digital alternative to gold in the early stages of the crypto asset’s development."
"The resilience of cryptocurrency has a lot to do with the volatility of the real world."
"We present eclipse attacks on bitcoin’s peer-to-peer net-work. Our attack allows an adversary controlling a suffi-cient number of IP addresses to monopolize all connec-tions to and from a victim bitcoin node. The attacker canthen exploit the victim for attacks on bitcoin’s miningand consensus system, includingN-confirmation doublespending, selfish mining, and adversarial forks in theblockchain."
"Bitcoin & Litecoin are both headed for halving, which could propel these Cryptos to Parabolic highs"
"Some of its most puzzling tradeoffs explained"