This video from Trader University was shared by Adam Back as a simple enough explanation. gotta say this is so far best explainer on why BIP 119 is premature, and pushing changes without consensus results in rejection. some things missing or simplified, but over all great. Adam Back Watch the Read more…
Mempool is like giving your transaction to a kid to get on the bus plus bus fare. He waits at the stop, buses come in every 10 minutes. The bus has limited seating. Those who pay more get to be seated. If the bus fare you offered is less than Read more…
Everybody does it. They learn about bitcoin, see that it’s slow, clunky, weird, basically a hodgepodge of technologies mushed together and it barely works. And to be fair, that’s what engineers do, they try and fix things. Elon Musk, that Soong guy, the Vlad guy, Roger Ver, everybody has a Read more…
To actually understand bitcoin, you need to put in about 100 hours of research into it. Not many people can spare that time but here’s a list of good resources to get your friends and family hooked and want to read more. Documentaries Mysterium Satoshi (The Satoshi Mystery) Wonderful animated Read more…
From this tweet: “The general manager of the Bank for International Settlements says The Central Bank wants to have ‘ABSOLUTE CONTROL’ over your money… when people say something, believe them” @TogetherDec London panel: ‘Digital IDs: A Threat to Freedom’ Watch the clip:
Let’s face it, if you’re here, you’re probably bullish on Bitcoin. And the safe bet is that bitcoin is going to go up, way up in the following years. Here’s a way to borrow against your bitcoin with 0% interest (You read that right.) Abra, is a service similar to Read more…
The Blocksize War was a chaotic event at around 2015. It was a nerdy fight seemingly about the size of the blocks that should be in the bitcoin network, but it uncovered a lot more than that. It showed the ugly underbelly of human greed, attempts at controlling the network, Read more…
Make yourself a frappe and get educated. Andreas Antonopoulos explains bitcoin on stage. Watch the Introduction to Bitcoin. Read more of Andreas’ books here.
You should read the Fiat Standard by Saifedean Ammous. Here’s an excellent thread by Anil explaining a chapter from the book. The Fiat Standard by @saifedean lays out the extraordinary operations of the fiat system. This thread is a quote summary of Chapter 3: Fiat Technology. “At its essence, the Read more…
What is money? This is what a bank director (Argentarius) tried to explain to his son in twelve letters “On Money” in 1921. One of the most brilliant and comprehensive books. A short thread Shout out to @MichaelAntonF for the book recommendation. Money is the embodiment of a claim to Read more…