"When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger." — Jameson Lopp
Today we have another blast from the past with a deep dive into Bitcoin's security model from Jameson Lopp. The most fascinating thing about this piece is that if understood properly, it gives understanding into why many of the following years in Bitcoin played out the way they did. If you want to truly understand Bitcoin, this needs to be part of your reading list.
Check out the original article at: Bitcoin’s Security Model: A Deep Dive
Links:
Anatomy of Proof of Work [Part 1 - Hugo Nguyen]
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
- 9% off the Coldcard with code BITCOINAUDIBLE, bitcoinaudible.com/coldcard
- Check out the KYC Free, simple, no management, Bitcoin merchant solution, Nodeless.io/guy
- Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold
-------------------------
“I don’t know anything, but I do know that everything is interesting if you go into it deeply enough.” – Richard Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message