BTC095: Bitcoin Time Stamping w/ Pierre Rochard (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Understanding Bitcoin's Difficulty Adjustment and Time Verification
This chapter explores how Bitcoin nodes use timestamps from the last 2016 blocks to adjust mining difficulty. It highlights the significance of system time in block validation and the decentralized process of time verification within the network.
IN THIS EPISODE, YOU’LL LEARN:
- 01:29 - What is time stamping?
- 11:24 - Is Bitcoin a decentralized clock?
- 24:50 - Why is time keeping so important to Bitcoin?
- 51:45 - What does Pierre think about the big SEC announcement about exchanges regulating coins?
- 59:31 - Why is Bitcoin not performing like an inflation hedge against CPI?
- 01:10:34 - Correlation to traditional markets.
- 01:22:47 - When will all retirement accounts start offering Bitcoin?
- 01:25:54 - Transaction fees.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Pierre's Twitter.
- Pierre's company Riot Blockchain.
- Pierre's podcast: Noded.
- Pierre's non-profit: Nakamoto Institute.
- Related Episode: Bitcoin Smart Contract w/ Discrete Log Contracts Featuring Pierre Rochard & Ben Carman - BTC018.
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