What will happen to cryptocurrency in the 2020s?
Scalable and private blockchains, barbell adoption curves, crypto as a core part of tech, and traction with institutions and governments.
Bitcoin
Bitcoin becomes the Flag of Technology
Tech is internationalist, capitalist, decentralized, hyperdeflationary, networked, encrypted, digital, volatile, ambitious, and quietly revolutionary. So is Bitcoin.
What are the Key Properties of Bitcoin?
There are plenty of unwritten rules when it comes to proposing protocol changes in Bitcoin. Some are philosophical, some are technical, and some are a blend.
Bitcoin's P2P Network
Bitcoin's P2P network comes with its own unique challenges: bootstrapping your initial peers, defending against spam, and ensuring network-level privacy.
Gnutella: an Intro to Gossip
Gnutella was one of the first decentralized P2P protocols to take off after the death of Napster. It's a direct predecessor to Bitcoin's networking design.