CryptoQuikRead_358 - The Blockchain is Exhaust [Udi Wertheimer]
Is the blockchain a critical tool that creates the power behind Bitcoin, or is it a wasteful and unavoidable byproduct, an exhaust, of the system that secures the most sound money in the world?
This was a fascinating Twitter thread by Udi Wertheimer that explores what I find to be an interesting perspective on the role that "the blockchain" plays in the Bitcoin network. With added input and contrarian opinions from Eric Wall, Meni Rosenfeld, Adam Back, & Justin Moon, we take a short episode to expand on a unique idea.
The Original Thread:
https://twitter.com/udiWertheimer/status/1087142827346354177
https://twitter.com/adam3us/status/1087315014812348417?s=20
https://twitter.com/MeniRosenfeld/status/1087663298944864256?s=20
Other works mentioned that will shed light on these ideas:
Parker Lewis's "Bitcoin Cannot be Copied":
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_291---Bitcoin-Cant-Be-Copied-Parker-Lewis-e58g11
Nick Szabo's "Money, Blockchains, and Social Scalability":
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
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