Each week, I compile the most useful links to articles, posts, and videos that helped me to level up my knowledge of Bitcoin, cryptos, blockchain, and levelling up in life.
On to the picks:
- Eric Voskuil on Cryptoeconomics in Zurich February 2018: Erik Voksuil, a founder behind Libbitcoin, is an invaluable critical thinker on Bitcoin, blockchain, and cryptocurrencies. In this recent presentation, Erik goes deep into cryptoeconomics -- what it is, why it matters. I believe cryptoeconomics is crucial for the success of these projects. It's also critical to discussions we have here on Steemit about rewards pools, whales, minnows ... You can also find Erik on Twitter at @evoskuil. I honestly understand about 1/2 of what he says -- it's clear he's coming from a place of skill, knowledge, and experience and is miles ahead of me. In this talk, he covers:
- Axiom of Resistance
- Balance of Power Fallacy
- Risk Sharing Principle
- Public Data Principle
- Social Network Principle
- Other Means Principle
- Reservation Principle
- Reserve Currency Fallacy
- Lightning vs Tangle vs Hashgraph vs Nano: @ivanli explains how nodes and the connections between differ across these four different networks that all make a claim to solve scaling issues. He also provides some useful drawbacks to each.
- History of Bitcoin 2009-2018 (Git Visualization): A time-lapsed view of the Bitcoin Github repository, the sections updated, and developers making updates.
- Quick or smart?: I spent a lot of time considering the incentives in Steemit this week. I'm still really bullish about the platform, though I'm not clear-eyed about some of it's serious, possibly fatal challenges (like rewwards pool abuse). In my 7 Days to $0 post, I began my exploration into the problem with Steemit's protocol that limits rewards to authors & curators to 7 days -- any upvotes after 7 days = $0 and no more resteeming (sharing). I'll write more on this in upcoming posts, but one awful side effect of this policy is curators are driven to recent content, not digging through all the history to discover real gems. This makes them more like meme-makers than curators in the conventional sense. I also think there's a personal price to pay, as Seth Godin concludes in his short post. We all lose the big picture. We all lose a sense of direction.
Transactions are important, no doubt. But when you spend your entire day doing them, what disappears?
We can’t day trade our way to the future we seek.