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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.

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PoW is Efficient

"Most people think #Bitcoin’s PoW is “wasteful.” In this article, I explore how everything is energy, money is energy, energy usage is subjective, and PoW’s energy costs relative to existing governance systems.* This article is a collection of direct thoughts from many individuals in the space — my value add was in the aggregation, distillation, and combination of narratives."

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The fact that miners are shutting down and difficulty is decreasing is a feature, not a bug, of bitcoin’s design.

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Defending Decentralization, Like a Twice in a Millennium Chance

"Web 3.0 is intended to replace the existing online infrastructure with software that is decentralized from the start. To this end, much of the discussion over the three-day conference echoed Taaki’s sentiment – that with the right combination of technology and vision, Web 3.0 can usher in a new era of digital emancipation."

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Cryptocurrencies - Cool, So What? | Elyse Barg | TEDxYouth@AIS

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Bitcoin: Utopia vs Reality

"If you listen to some fervent bitcoin advocates you might hear some pretty utopian thinking. Bitcoin will end the banking industry. Bitcoin will stop wars. Bitcoin will end governments. In this post I examine utopian thinking versus likely realities."

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Blockchains are Western values made software. Mathematically provable and inviolable property rights, anonymity, freedom of expression, freedom from unreasonable search… Software is eating political philosophy.

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Planting Bitcoin — Soil (3/4)

"In this article, I cover the Cypherpunks or the “Soil” in which he planted the Bitcoin seed giving it the best chance for survival."

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Planting Bitcoin — Gardening (4/4)

"Satoshi’s design of Bitcoin’s genetic code made it the best species of money ever created, he waited for exactly the right moment to plant the seed, and had planted it in the most fertile soil. Now it was time to nurture Bitcoin’s development."

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Devcon4 Keynote - Vitalik Buterin

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Planting Bitcoin — Species (1/4)

"Bitcoin’s origin is akin to planting a tree. It wasn’t just Satoshi’s selection of the species (code), but the season (timing), soil (distribution), and gardening (community) that were essential to its success. It had to grow to be strong, mighty, and huge. It had to survive droughts, storms, and predators. Its deep roots had to support the weight of becoming a new world reserve currency."

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Planting Bitcoin — Season (2/4)

"In this article, I will dive into the moment in which Satoshi precisely chose to plant the Bitcoin seed."

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.

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Engaging In Cryptonetworks

"Ever since the first cryptonetwork, Bitcoin, was created, investors have had the opportunity to earn returns by engaging in the network. In Bitcoin’s case, that was done by mining the network, effectively powering it."

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Bitcoin: Money as language & the multi-currency future

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What Bear Markets Look Like

"It’s hard to look at the price charts of the big crypto assets and not cringe. But it helps to look back to an earlier time, when a new sector was emerging, and understand what can happen."

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The collapse is simply the euphoria stage of the bears.

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The very institutions crypto was meant to disrupt are all in- what will this mean?

"Blockchain and cryptocurrency were ironically first designed to disrupt the very institutions which are most excited about it. Will crypto ever be the democratizing and enfranchising force it often promises to be?"

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Murad Mahmudov: The Ultimate Bitcoin Argument

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