BTC009: Bitcoin Engineering w/ Core Developer Jimmy Song (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Cost and Complexity of Bitcoin Transaction Security
This chapter explores the complexities and expenses related to Bitcoin transactions, focusing on aspects like transaction confirmation times and the energy demands of mining. It also discusses the security of the blockchain, the risks of transaction reversal, and the standards set by exchanges for block confirmations.
IN THIS EPISODE, YOU'LL LEARN:
- How are Bitcoin updates generated between developers
- How are Bitcoin updates released once complete
- How are new versions tested and agreed to
- What happens if updates aren't used by full node operators
- Why full node operators are important versus why miners are important
- 51% attacks
- Quantum computing and it's potential threat to Bitcoin
- Other engineering threats to Bitcoin
- Jimmy's thoughts on interesting software initiatives moving forward
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Jimmy Song's new Book, Thank God For Bitcoin
- Jimmy's Book, Programming Bitcoin
- Jimmy's Podcast, OffChain
- Browse through all our episodes (complete with transcripts) here.
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