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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

Bitcoin

Links to the best articles, videos and podcasts about Bitcoin.

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State of Crypto: Ten Years After the Genesis Block

"Today, Bitcoin turns 10. And while we all know today that Bitcoin is just one of thousands of tokens, 10 is a good time to reflect on the watershed developments cryptocurrency has seen over the past decade."

2/ 3
Bitcoin Timestamp Security

"Bitcoin is often referred to as a secure timestamping service. We never had a global record of truth with trustworthy timestamps, so how did this come about? It’s generally due to Proof of Work being combined to a few simple rules by which miners must abide."

1/ 3
Bitcoin Has a Branding Problem — It’s Evolution, Not Revolution

"For technologists and historians, it may well be a revolution; but for everyone else — it’s an evolution in personal finance."

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Investing in Bitcoin

"We don’t talk much about price in this blog, but we will make an exception today to show how to value bitcoin using a high-level approach. We’ll highlight three significant trends in the world and suggest how either one of them could lead to increased demand for neutral, private money in the future."

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Two Types of Blockspace Demand

"Economists frame these issues in terms of “supply and demand”. I’ve previously argued that, when it comes to blocksize and fees, miners will act as a single coordinated monopolist. This monopolist will select a point on the blockspace demand curve which maximizes total revenue. Gavin made a similar point a long time ago."

2/ 3
Security Budget in the Long Run

"A discussion of Bitcoin’s ability to resist 51% attacks (ie, its “security budget”). Competition makes it difficult for one network to collect enough fees – instead, we should try to collect fees from all networks."

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Nuanced Analysis of LocalBitcoins Data Suggests Bitcoin is Working as Satoshi Intended

"While Bitcoin today showcases a vast body of anecdotal evidence which argues its utility or potential future utility, due to the pseudonymous nature of the blockchain as well as other factors, it is still hard to come across aggregate data which shows this behavior occurring on a consistent and measurable scale."

1/ 3
The reports of bitcoin environmental damage are garbage

"I write this article because I’m sick of being confronted by people, even others in crypto, about crypto allegedly being an environmental disaster. It isn’t. That is an egregious lie."

1/ 3
Op Ed: Bitcoin Mining Attacks Are Overblown

"The miners’ job is to secure the network. They do so by finding proof of work. Having 51% of the network hash power gives a single miner the ability to attack the network. That, however, is not the same as controlling the network."

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Ten years after planting the seed, what does it take for Nakamoto’s tree to flourish?

"In the fiat wasteland soil of the financial crisis of 2008, a wise Japanese TreeMaker named Nakamoto planted an ingenious seed. A new tree was born, and He called the root: Bitcoin. He predicted that the tree would grow the money of the future. He believed that new strong trees would rise from the seeds of the flowers."

2/ 3
Who Controls Bitcoin Core?

"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."

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Unpacking Bitcoin’s Social Contract

"A framework for skeptics"

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Ten Years of Bitcoin

"Ten years ago, Satoshi Nakamoto mined the Genesis Block of bitcoin. A few days later, he released the source code and other cypherpunks began extending the chain through proof-of-work mining."

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Bitcoin is a Decentralized Organism (Mycelium) — Part 1 / 3

"In this essay I’m going to explore the similarities between fungi and bitcoin in 3 parts, each representing a different stage in the life cycle of common fungi."

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Bitcoin is a Social Creature (Mushroom) — Part 2/3

"In this article, we’re going to explore bitcoin as a social phenomenon through the lens of the mysterious mushroom."

2/ 3
An Honest Explanation of Price, Hashrate & Bitcoin Mining Network Dynamics

"This first is part ‘TL;DR’; part commentary on recent events; and part in-depth explanation of terms, methodology and the concept of Bitcoin creation costs."

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What do you legally “own” with Bitcoin? A short introduction to krypto-property

“Ownership” is more than mere control; it is a legal concept and law is a local phenomenon. Accordingly, when you ask yourself whether and how something is owned, it’s generally a safe assumption to begin, in the first instance, by looking at the governing law of the asset and asking what that governing law says.'

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The Tokenization of Real Estate

"Real estate is being tokenized. Property owners can issue blockchain-based tokens, which represent shares in an asset. Investors can buy such tokens and become fractional owners of the underlying asset. They then participate in the asset's appreciation and cash flows."

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