One of the main drawbacks of building a trustless network is that people naively come to believe that trust is a bad thing.
Bitcoin is trustless in a very strict sense, of not requiring an authority to clear transactions.
Yet, you (probably) still trust:
1. ECC is not broken and will not break in the foreseeable future.
2. SHA256 and Ripemd160 will not break either.
3. The node software you run is not compromised.
4. The wallet you use is not compromised.
5. The OS you run is not compromised.
6. The many pieces of hardware you use are not compromised.
7. Your connection to other nodes is not compromised.
Most of all, you trust other people will want to use Bitcoin, otherwise it's worthless and a waste of time.
Even Satoshi trusted in the community to keep developing Bitcoin: "I’ve moved on to other things. It’s in good hands with Gavin and everyone."
You just can't verify everything yourself, you have to start from somewhere and built upon.
Don't be a trustless lunatic.
Bitcoin misconception: all nodes maintain a copy of the same blockchain.
In reality: most nodes will be able to synchronize to the exact same blockchain, but some won't. E.g. pre-segwit nodes don't see the same data as segwit aware nodes, so they can't maintain the same data.
Yet, this won't cause a fork on the network because what matters is not to have the same blockchain. What matters is to agree about the UTXO set state at all times.
ecash and ecash look acceptable. e-cadh will eventually become ecash just like email once was e-mail.
nostr:npub1v22qyndskpawjnsjn8zce53nwldza5ejw67f8y33ntt8qlmpm5rq7ra0z2 what you think? How it was with the Bitcoin Standard translation review?
What an engineering marvel, absolutely insane.
nostr:note14jtqn8a48r24vg6g794rpntvavc87lkfd0vf6y3q0u0298qzz35qw0hc60
Super happy to hear this, thanks. I hope you can use it for future courses.
The open source book is available in readable form (not just the asciidoctor source code) at https://rosenbaum.se/book
I also see that it has a transifex project open, but no Brazilian Portuguese translation yet. I'll setup it up and see what I can do.
How are translations reviewed, in case of a language you can't understand?
What a delight it is to go through Grokking Bitcoin by nostr:npub1g9ym6t98cz9tvvsac865zak83txjjhd2yqcdegzwsqg2mxfww9xs8fy05t.
The best book I ever found to serve as the foundation for an excellent undergrad course. As a bonus, published as open source: https://github.com/kallerosenbaum/grokkingbitcoin
Why did I only find it after my classes have already started?
We just had the first sessions of the Mastering Bitcoin seminar. It's part of the enrolment for the Bitcoin Dev Launchpad.
Vivid discussions with 200+ candidates.
Huge impact for the Bitcoin ecosystem.
Do DF aqui tem também o nostr:nprofile1qqswwrcx5dlyv3fhf7nt55qg28qag0msan4cxjdwr69x09fwhzt857spr3mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mgpr9mhxue69uhhq7tjv9kkjepwve5kzar2v9nzucm0d5q3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5snh2lc, o nostr:nprofile1qqsgs6pfdx78cr2g8pl7tag3gawpt78k0c5ssas5yphvlx22d99xpzqpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qy2hwumn8ghj7un9d3shjtnwdaehgu3wvfnj7qg4waehxw309ahx7um5wghx77r5wghxgetk9uxlxvh9 e o nostr:nprofile1qqsgs6pfdx78cr2g8pl7tag3gawpt78k0c5ssas5yphvlx22d99xpzqpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qy2hwumn8ghj7un9d3shjtnwdaehgu3wvfnj7qg4waehxw309ahx7um5wghx77r5wghxgetk9uxlxvh9.
Eu pilho.
TĂ´ dentro, volto pra BrasĂlia nesta sexta-feira.
Tem o nostr:npub1d2x9c0e5gwwg6ask88c87y4v425fh4wz3hwhskvcwzpzdn7dzg5sl4eu8n aqui também.
Excellent. Any plans to remove miniupnpc as well?
Última semana de inscrições!
nostr:note159srdh9lywdyjuvlu6gm9mgh56fef4wdt89zxvyxl8nnr94fln3sglq4sh
It all boils down to people who believe they know what's best for others versus people who just want to be left alone to decide their own matters.
Gold was an excellent money, it can hold value across time and space.
But it has a fatal flaw: holding value a cross scale was difficult. Indeed, this is a problem with all physical commodities.
If it is highly valuable, small value transactions that constitute the day to day routine of most people are hard to make. If it has low value, large scale transactions suffer and add friction to specialization and economic development.
We solved this problem long ago with banks and gold certificates. But it was too easy for governments to corrupt the system and the people lost control of their money.
Which is unfortunate, fiat looks convenient for small scale transactions, but it is made a hassle for large scale. It is not transferable across borders, and it doesn't hold value across time.
It doesn't work for savers and innovators. It barely works for short term thinking people that conform to the norm. It only works to keep people under control.
That's why it won't last forever.
My most recent paper addresses the excellent book Better Money: Gold, Fiat, Or Bitcoin?, by Lawrence White.
Tl;dr for the bitcoiners around:
- you probably don't understand the economic weaknesses of bitcoin, it's not superior to gold in all aspects.
Tl;dr for the bitcoin skepticals:
- you probably don't understand money enough, it's inferior to gold and bitcoin in virtually all aspects.
Unfortunately, what drives adoption of new technology is not technical superiority, but the increasing friction on the incumbent system. For fiat, friction is called inflation.
Quando eu digo que pra um advogado que ele PRECISA aprender o mĂnimo sobre o funcionamento da Internet, sempre recebo algum sarcasmo de volta.
Até a hora que passa uma vergonha dessas…
Sem enforcement, nĂŁo existe lei. E na Internet, poucas coisas podem ser de fato enforced.
I'm not a dev, may I contribute to open source?
Yes!
https://medium.com/all-things-product-management/product-manager-you-are-664d83ee702e
https://bitcoinproduct.substack.com/p/foss-contributor-interview-2-elsat
