Aphorism: Bitcoin brings law to the internet.
Explanation. How do you send money to someone over the internet? You can’t just send them an image of money, because the image can be easily copied. Sending the same image to more than one person is called double spending. Bitcoin solves double spending problem. Bitcoin makes digital property possible for the first time. Property rights are enforced in law. Bitcoin makes it possible to enforce property rights on the internet for the first time. Bitcoin brings law to the internet.
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https://www.youtube.com/watch?v=rytKdtLdXmw
Craig Wright's article: Simplified Payment Verification https://craigwright.net/blog/bitcoin-blockchain-tech/simplified-payment-verification/
Introducing Paymail: An Extensible Identity Protocol for Bitcoin (BSV) https://blog.moneybutton.com/2019/05/31/introducing-paymail-an-extensible-identity-protocol-for-bitcoin-bsv/
Paymail is P2P & How the Internet Works https://www.youtube.com/watch?v=ipTAIbkcdHI
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https://www.youtube.com/watch?v=rPB3ZmElcdc
https://www.heartmail.com
Please also join our Discord which will be used from now on to organize discussions and meetings:
https://discord.gg/FvkpYuqWNA
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https://www.youtube.com/watch?v=6fLpcGBO0gk
Aphorism: Proof-of-Work is a signal of investment.
Explanation: Why do you buy a car from a fancy car dealership rather than some shady guy on a street corner if the fancy car dealership charges 10% more? The fact that the car dealership has a fancy building with fancy marketing indicates they are investing in their business which means they are unlikely to leave and unlikely to scam you. The shady guy on the street corner has not made that investment. Why save 10% if you risk being scammed and losing all of your money? Proof-of-Work is an algorithm for creating the same signal as a fancy car dealership. Proof-of-Work signals that you can trust miners because they have invested in the system.
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https://www.youtube.com/watch?v=f5jUw17lolY
* What is decentralization?
* Market decentralization
* No one needs permission to run a node
* More adoption ... more transactions ... bigger blocks
* Not just mining decentralization, but all business decentralization
Geographic centralization
* Peter Rizun: Speed of light constrains confirmation times
https://twitter.com/PeterRizun/status/987437949502472192
* Mini-rally
* One Money
* Bitbox: https://www.bitbox.earth/
* “I look forward to working with 74% of you into the foreseeable future” https://twitter.com/ryanxcharles/status/988157186583838720
* Bigger blocks ... Bigger decentralization
* What is decentralization?
* Bitpay adds BCH to point of sale app https://news.bitcoin.com/bitpay-adds-bitcoin-cash-support-to-checkout-point-of-sale-app/
* Cheapair to switch to BitPay
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https://www.youtube.com/watch?v=pVZcbBNrNUI