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Bitcoin

Bitcoin Prep Work: Preventing Softforks

What I Am Reading: Can soft-forks be prevented? and linked within – a discussion to the mailing list. Notes At first, I really didn’t get this at all. I read that it was impossible, but I didn’t understand how. As I read the mailing list, I got progressively more confused. I really didn’t understand what […]

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Bitcoin

Bitcoin Prep Work: Introduction to Bitcoin Blockchain

What I Watched: SF Bitcoin Devs Seminar: A Special Presentation By Matt Corallo of Blockstream Link to slides. Notes Bitcoin is mostly focused on preventing double-spends using proof-of-work. Proof-of-work is based off of Hashcash. Hashcash is a poisson process. A Bitcoin without block reward would end up as a disincentive miners to act honestly. Confirmations: […]

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Bitcoin

Bitcoin Prep Work: Bitcoin’s Academic Pedigree

What I Read I read Bitcoin’s Academic Pedigree. Notes Was very interesting to trace Bitcoin back to its original ideas. This paper was not very technical, but was rather a sort of technical recap. Any advanced topics were spelled out quite easily, even something seemingly complicated like Blockchain is described in very simple language. This […]

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Bitcoin

Bitcoin Prep Work: If I’d Known What We Were Starting

What I Read In this version of Bitcoin Prep Work, I read Ray Dillinger’s: If I’d Known What We Were Starting. Notes I’ve read this before, recently actually. It was great to re-read it. You can sense the admiration Ray has for Satoshi. He brings out, in great lengths, the characteristics of Satoshi and how […]

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Bitcoin

Bitcoin Prep Work: Whitepaper

What I Read I read the Bitcoin whitepaper. It has been a long time since I’ve read the Bitcoin whitepaper, and this time I actually understood it! I should have re-read it a while ago. Notes Definition of A Bitcoin A bitcoin is defined as a chain of digital signatures. Specifically, you sign the previous […]