Post 9zFZmZPna9hSureB5E by derek@videos.lukesmith.xyz
(DIR) More posts by derek@videos.lukesmith.xyz
(DIR) Post #9yaaOVIQKntLULbO64 by luke@videos.lukesmith.xyz
2020-08-28T18:15:55.929Z
19 likes, 3 repeats
Original video by Biz Vlogs: https://www.youtube.com/watch?v=7etOh0YYqccIn this video we explain how Bitcoin solved the double spending problem. And we talk about what happens if you do try to double spend a bitcoin. There are many other videos out there "explaining" bitcoin, so for this video I'm focusing on the double spending problem. The solution to this problem is the big innovation of bitcoin and it's the reason that makes cryptocurrency so magical. "Blockchain" is not a revolution, the solution to the double spending problem is the REAL revolution here. Snapchat: bizvlogsTwitter: @biz_vlogshttps://twitter.com/Biz_VlogsGoogle+ profile: https://plus.google.com/u/0/115710790933858711443Facebook page:https://www.facebook.com/Biz-Vlogs-257874071340543/
(DIR) Post #9yeZ2b2mxdkvce7PO4 by inigo@videos.lukesmith.xyz
2020-08-30T16:19:20.097Z
0 likes, 0 repeats
twitter, google and facebook links on luke's website, no way
(DIR) Post #9ykd8AwmT0eLBdz36O by barcode@videos.lukesmith.xyz
2020-09-02T14:33:25.774Z
0 likes, 0 repeats
@inigo Coming soon: "A config for Peertube to prevent promotion any soy sites in description when uploading a video."I kid, but babbies first scripts are not a bad way to coax Linux users out of the GUI habit and into the terminal. Teach a zoomer to fish and all that.
(DIR) Post #9zFZmZPna9hSureB5E by derek@videos.lukesmith.xyz
2020-09-17T12:51:48.746Z
0 likes, 0 repeats
Replication is sufficient to solve the double spending problem ie “asking everyone in the world“, which is not difficult on the internet. The benefit of proof of work is a signal of fitness that resolves ALL selection issues-- ie both hard and soft forks. This costly signal of fitness is an independent metric from trading price, but which corelates with trading price(willingness to spend electricity). Ultimately, this makes it a robust store of value, the most important long term function for an asset. POW is like a peacock's feathers: functionally superfluous, but still useful. POW leads to 2 independent investment signals: the hardware arms race and electricity usage. Hardware(the max mining rate of the network), shows cumulative long term investment. Electricity usage signals people's instantaneous pricing mindset. Then trading price signals institutional and broader public interest. These three signals make for a very robust social contract of value storage, even without anything substantive being produced.
(DIR) Post #A4JuFYCXh45hujFgyu by cinnabarowl@social.snopyta.org
2021-02-16T04:09:04Z
0 likes, 0 repeats
@luke "[...] if I have _only_ 4 BTC left [...]" 😆 How old is this? _Just_ 4 BTC are worth almost 200k, now!