Ever humble. Contrary to his claims i doubt severely that PeterK Todd understands bitcoin more than him. Bitcoin is not just code and math, its also economics, psychology and game theory. It's art, philosophy and morality wrapped in signal. It's an element and phenomena as real as fire or energy and gravity. Few understand this.

One of the best explanations of why we have 10 min blocks and and difficulty adjustments.

Most explanations describe "what" or "how" not "why". Why 10 mins and not 20 ? Why have a block delay at all.

Ok he doesn't understand how prime works yet, i hope he see what i will post on twitter.

Prime 'miners' would not need to know the state of all other tx's. They work on a type of flexible encryption werein any number of valid "coins/tokens" can be accounted for. its the whole point of Todds single use seals. In non technically precise terms, once a utxo is spent that spend seal is broken and cannot be used again, preventing double spend. The "miners" are agnostic as to the rest of the network state.

it's like a concert arm band. No one keeps track of when and where each arm band is, only that it is of a valid nature and not forged.

Where as arm bands can be forged, Prime relies on primitives that mean it can't be hacked to change spends or seal quality any more than 1+1=2 can be changed.

Please let me know what you think of that latter analogy, if it makes sense.

We are at the begining of the next decade of education about prime, which is the next logical evolution of bitcoin and freedom.

Great discussion. Covers everything, including bloatware in bitcoin dev.