Read_856 - It's the Settlement Assurances Stupid
Bitcoin Audible
Evaluating Blockchain Settlement Assurances and Security Risks
This chapter examines the intricate security dynamics of blockchain technology, focusing on miner cooperation risks and the implications of 'top heaviness.' It also critiques the varying settlement rules across exchanges like Kraken and highlights the misconceptions surrounding settlement finality in blockchain systems.
"This is also an interesting case study in how Bitcoin resists duplication. You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of the ledger."
— Nic Carter
A correction needs to be made. Thanks to a great thread by Anilsaidso, with a list of fundamental pieces in Bitcoin in order to grasp a deeper understanding, Bitcoin Audible had audio of all of them in the feed, except one. While I'm certain I have the audio somewhere, its time to get it back in the feed with a brilliant piece explaining one of the most misunderstood elements of Bitcoin, the value it provides, and why nothing else competes. There is no second best, and this will help to understand why. It's the Settlement Assurances, Stupid, by Nic Carter.
Check out the original article at It’s the settlement assurances, stupid by Nic Carter (Link: https://tinyurl.com/c38sm5ah)
Anilsaidso's Excellent list of Bitcoin Fundamentals
- Anil Tweet (Link: https://tinyurl.com/3b8kk892)
- CryptoQuikRead_281 - Unpacking Bitcoin's Assurances by Nic Carter (Link: https://tinyurl.com/mryxcc6x)
- "Beyond the Doomsday Economics of Proof of Work in Cryptocurrencies" by Rafael Ayur (Link: https://www.bis.org/publ/work765.pdf)
- CryptoQuikRead_151 - Gravity [Bitcoin's POW #1 - LaurentMT] (Link: https://tinyurl.com/msejdwbw)
- CryptoQuikRead_152 - Yin and Yang of Bitcoin [Bitcoin's POW #2 - LaurentMT] (Link: https://tinyurl.com/yc4d9y3u)
- CryptoQuikRead_153 - Cliffhangers [Bitcoin's POW #3 - LaurentMT] (Link: https://tinyurl.com/2smz83mv)
- CryptoQuikRead_154 - Electric Money [Bitcoin's POW #4 - LaurentMT] (Link: https://tinyurl.com/3ubr7xfe)
- CryptoQuikRead_158 - Anatomy of Proof of Work [Part 1 - Hugo Nguyen] (Link: https://tinyurl.com/4p3nvfmj)
- CryptoQuikRead_159 - Bitcoin, Chance, and Randomness [Part 2 - Hugo Nguyen] (Link: https://tinyurl.com/trxd5sks)
- Read_500 - Decentralization, Why Dumb Networks are Better [Andreas Antonopolous] (Link: https://tinyurl.com/5n88rszd)
- CryptoQuikRead_327 - Bitcoin is Worse is Better [gwern] (Link: https://tinyurl.com/2zvncpye)
- HowManyConfs.com (Link: https://howmanyconfs.com/)
- Crypto51.app (Link:https://www.crypto51.app/)
Host Links
- Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
- Guy on X (Link: https://twitter.com/theguyswann)
- Guy on Instagram (Link: https://www.instagram.com/theguyswann)
- Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
- Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
- Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
- The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
Check out our awesome sponsors!
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Bitcoin Games!
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Bitcoin Custodial Multisig
- Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)
Education & HomeSchooling
- Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)
"Any fool can know. The point is to understand"— Albert Einstein
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