STEEMIT EXCLUSIVE: I'm releasing my slides on steemit before posting them anywhere else. Please give feedback and support - you can help make this presentation rock and show everyone at Pubcon how much steemit rocks!
Slide 7: Why Mining?
Text: It makes it hard for people to spend money twice. It makes it “impossible” to change the data later. We call this securing the blockchain. Image: Bitcoin Mining ASICs in Iceland. It’s cold and power is cheap. Bonus for steemit readers This 22 minute video does a great job of explaining how Bitcoin works under the hood. Steem/steemit, ethereum, and all modern blockchains share many similarities with Bitcoin so much of the same information applies. I'm giving a talk in Las Vegas, Nevada, USA at the famous Pubcon conference on Thursday October 13th 2016. Here's some more info:
Subtext: The most important form of “cheating” it stops is called “double spending”. Satoshi should get the Nobel prize in economics for this, but that can’t happen because anonymous people can’t get the Nobel prize.
Image credit.
Slides 1-6
Background Info
The ten questions and answers, and info about my talk, were even featured on the official Pubcon.com blog.
About Pubcon Las Vegas 2016
Pubcon was created in 2000. I first attended in 2004.
Treasure Island is the official Pubcon 2016 Conference Hotel :)
Pubcon Las Vegas 2016 — named a Forbes must-attend conference and an Inc. top conference for growing your business — features the industry’s leading businesses, start-ups, speakers, keynotes, exhibitors, and sponsors involved in social media, digital marketing, search engines, and online advertising, and will offer a week-long look at the future of technology presented by a vast array of the world’s top innovators... Source http://www.pubcon.com/las-vegas-2016
Image credits Treasure island image is public domain from pixabay.com
Recent posts
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Thank You!
Thank you for the support so far everyone - I'm #64 on the witness list and have faithfully witnessed many blocks already :)