Part 1 of 12: This article explores the challenge of precisely defining what Bitcoin truly is—and draws parallels to a similar issue in second-order cybernetics during the early 1970s.. It's argued that, Bitcoin isn't just a new kind of money to define. Bitcoin is a new medium that restructures how we think about money, trust, time, value.
Part 3 of 12: Each stress made Bitcoin stronger because it's operationally closed (responds by own rules) and structurally open (encounters the stress). This helps explains why Bitcoin is Anti-Fragile - the honey badgar story explained.
The other day I got a note from a Danish guy who is a fan of my book OUT OF CONTROL. He found my ideas great but my presentation “frustrating.” But unlike my other “frustrated” readers,
Over the past twenty years, “productivity” has come to be synonymous with using digital tools to speed up non-essential parts of knowledge work. As cal argues in this episode, this
Operator has an offline Bitcoin node synced up to ~1 month ago. This is the test data source. **What we need from the node:** - Raw block data blk*.dat files — OR —
Part 3 of 12: Each stress made Bitcoin stronger because it's operationally closed (responds by own rules) and structurally open (encounters the stress). This helps explains why Bitcoin is Anti-Fragile - the honey badgar story explained.
TL;DR: Taproot’s sighash implementation could cause blocks to take 60s or more to validate with specially crafted standard transactions. The patch adds a new cache during validation.