Read_856 - It's the Settlement Assurances Stupid

"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/)
  
  

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"Any fool can know. The point is to understand"
— Albert Einstein