The Basics of Bitcoin & Blockchain with Stan Larimer
www.bobzadek.com
You’ve seen their tables at libertarian conferences, and heard their radio ads warning of an immanent collapse of the financial system. Goldbugs, who stockpile precious metals, have been stereotyped as paranoid — occupying a fringe of the already-fringe liberty movement. Until recently, the only group further on the fringes than the goldbugs were the “crypto-anarchists”: radical libertarian computer geeks with theories about how to replace central banks and financial institutions with an unregulated online payments system and password-protected "cryptocurrency". Most of these digital cash schemes came to naught — frustrated by the complex problem of getting strangers to trust the validity of online transactions, and guarantee that the “money” — strings of 1s and 0s on a hard drive somewhere — is actually being transferred once, and only once, to another digital location. Bitcoin solved this problem with a decentralized, public ledger (aka, "blockchain"), recording all transfers of bitcoins in real time. A decade after its creation, the elegant protocol for money on the internet is now a topic of household discussion. Last year, Bitcoin appreciated nearly 20 fold, from $1,000 per Bitcoin in January 2017, to almost $20,000 by mid-December.
The Basics of Bitcoin & Blockchain with Stan Larimer
The Basics of Bitcoin & Blockchain with Stan…
The Basics of Bitcoin & Blockchain with Stan Larimer
You’ve seen their tables at libertarian conferences, and heard their radio ads warning of an immanent collapse of the financial system. Goldbugs, who stockpile precious metals, have been stereotyped as paranoid — occupying a fringe of the already-fringe liberty movement. Until recently, the only group further on the fringes than the goldbugs were the “crypto-anarchists”: radical libertarian computer geeks with theories about how to replace central banks and financial institutions with an unregulated online payments system and password-protected "cryptocurrency". Most of these digital cash schemes came to naught — frustrated by the complex problem of getting strangers to trust the validity of online transactions, and guarantee that the “money” — strings of 1s and 0s on a hard drive somewhere — is actually being transferred once, and only once, to another digital location. Bitcoin solved this problem with a decentralized, public ledger (aka, "blockchain"), recording all transfers of bitcoins in real time. A decade after its creation, the elegant protocol for money on the internet is now a topic of household discussion. Last year, Bitcoin appreciated nearly 20 fold, from $1,000 per Bitcoin in January 2017, to almost $20,000 by mid-December.