Eric Voskuil Explained Black Market Money Bitcoin Wednesday

Interview with Eric Voskuil - the Most Rational Bitcoiner — What Bitcoin Did

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Notable Bitcoin philosopher Eric Voskuil answers the hypothetical, "how does Decred fail?"

Eric Voskuil is a Bitcoin philosopher, distributed systems expert, frequent speaker at major industry conferences and lead developer of libbitcoin, the oldest alternative full node implementation of Bitcoin. In his cryptoeconomics writings, Eric answers the hypothetical, "how does Decred fail?":
Overcoming censorship is not possible in a PoS system, as the censor has acquired majority stake and cannot be unseated. As such PoS systems are not censorship-resistant and the theory is therefore invalid.
https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Stake-Fallacy
As for how this applies to the Decred system: the entities which collectively control the Decred ticket pool have the power to undo blocks assembled by PoW miners, or IOW they have the power to "censor". In Decred, the ticket pool can vote to undo blocks and destroy "misbehaving" PoW miners by stripping them of block rewards. It's absolutely the case PoS has power over PoW in Decred-land.
Because it's theoretically possible for a censor to obtain the DCR sufficient for controlling the ticket pool, it follows Decred is fully capable of becoming no longer censorship resistant, if it ever was. This thought experiment is sort of along the same lines as the Zcash trusted setup, in that if you're relying on Decred to be censorship-resistant, then you must assume the ticket pool isn't surreptitiously controlled by a would-be censor. If it is, then this, ladies and gentlemen, is "how Decred fails".
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Eric Voskuil is the Most Rational Bitcoiner - WhatBitcoinDid

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‘Bitcoin Always Needed More Than One Body of Developers’: An Interview With Libbitcoin’s Eric Voskuil

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World Crypto Network - Fractional Reserve in Bitcoin ~ Eric Voskuil, Nic Carter, Matthew Mežinskis, Fernando Ulrich, Max H.

World Crypto Network - Fractional Reserve in Bitcoin ~ Eric Voskuil, Nic Carter, Matthew Mežinskis, Fernando Ulrich, Max H. submitted by Yanlii to cryptovideos [link] [comments]

Understanding Bitcoin security: Selfish Mining Fallacy - Eric Voskuil

Understanding Bitcoin security: Selfish Mining Fallacy - Eric Voskuil submitted by lclc_ to Bitcoin [link] [comments]

Understanding Bitcoin security: Proof of Work Fallacy - Eric Voskuil

Understanding Bitcoin security: Proof of Work Fallacy - Eric Voskuil submitted by lclc_ to Bitcoin [link] [comments]

Understanding Bitcoin security: Reserve Currency Fallacy - Eric Voskuil

Understanding Bitcoin security: Reserve Currency Fallacy - Eric Voskuil submitted by lclc_ to Bitcoin [link] [comments]

Understanding Bitcoin security: Impotent Mining Fallacy - Eric Voskuil

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Understanding Bitcoin security: Proximity Premium Flaw - Eric Voskuil

Understanding Bitcoin security: Proximity Premium Flaw - Eric Voskuil submitted by lclc_ to libbitcoin [link] [comments]

Understanding Bitcoin security: Hearn Error - Eric Voskuil

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BIP 151 | Eric Voskuil | Jun 28 2016 /r/bitcoin_devlist

BIP 151 | Eric Voskuil | Jun 28 2016 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Eric Voskuil: Axiom of Resistance - Can Bitcoin Resist State Control?

Axiom of Resistance - Eric Voskuil
Basic Summary:
Although it cannot be proven, Bitcoin relies on the assumption that it is possible for it to resist state control. Without this assumption, we would be talking about a system entirely different than bitcoin.
Initial Thoughts:
I expect that this first one will be uncontroversial. I have yet to meet a bitcoiner who thinks that bitcoin can or should be controlled by a state entity, though if there are indeed skeptics out there, I'd be interested in hearing the strongest arguments against it.
The concept isn't really alien - it seems almost obvious, in a way, but I found it very clarifying to break down what is an intuitive concept into concise and precise language.
I also thoght the final paragraph's comments on Paypal were interesting. It has almost become a cliche in the bitcoin community to tell someone to "just use paypal" as an expression of dismissal. The comments on Confinity (earlier version of paypal) led me to some interesting reading, as I didn't realize that it could be thought of as a failed attempt to achieve what Bitcoin is achieving these days.
(This is part of a series of posts dedicated to discussing the Understanding Bitcoin series of short pieces written by Eric Voskuil and hosted at the libbitcoin github.)
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Understanding Bitcoin security: Impotent Mining Fallacy - Eric Voskuil

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Understanding Bitcoin security: Hearn Error - Eric Voskuil

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Understanding Bitcoin security: Risk Sharing Principle - Eric Voskuil

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Understanding Bitcoin security: Proximity Premium Flaw - Eric Voskuil

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Understanding Bitcoin security: Proximity Premium Flaw - Eric Voskuil

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Understanding Bitcoin security: Reserve Currency Fallacy - Eric Voskuil

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Analysis of Eric Voskuil's "Understanding Bitcoin" series /r/Bitcoin

Analysis of Eric Voskuil's submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Always Needed More Than One Body of Developers: An Interview With Libbitcoins Eric Voskuil

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‘Bitcoin Always Needed More Than One Body of Developers’: An Interview With Libbitcoin’s Eric Voskuil

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James Chiang - Libbitcoin CRYPTOECON 2020 Mining by Eric Voskuil PART 1 Building on Bitcoin - Libbitcoin Eric Voskuil: Money, The State, and the Future of Bitcoin ... Building on Bitcoin - Tooling Panel

Eric Voskuil: It's what Bitcoin is designed to do, to allow people to do things that are not allowed anyway. Even though Bitcoin might itself become illegal to use in any case, legal or otherwise, it stands to reason that the primary use case would be doing other things and using it to do other things that are also not allowed. Peter McCormack: Well I'll definitely come to your event, that ... Eric Voskuil, libbitcoin lead developer (https://libbitcoin.org/), cryptoeconomics author Cryptoeconomics, and serial entrepreneur defined security, explained Eric Voskuil of Libbitcoin will speak at Bitcoin Wednesday on 5 June, 2019.. Libbitcoin is an open source high-performance Bitcoin developer toolkit, which was created by Amir Taaki in 2011. It was written in C++ and has been used by Dark Wallet, Airbitz and Open Bazaar. Eric Voskuil is the lead developer on Libbitcoin, a prolific writer on Austrian Economics and what he calls the 'Principles of Cryptodynamics', former Navy fighter pilot, world traveller and highly regarded voice amongst many bitcoiners. After hearing Eric appear on some other podcasts, I was both intrigued and somewhat confused, and decided to reach out to him to try and get some further ... This page was last edited on 14 May 2015, at 09:05. Content is available under Creative Commons Attribution 3.0 unless otherwise noted.; Privacy policy; About Bitcoin ...

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James Chiang - Libbitcoin

Building on Bitcoin conference Lisbon, 3-4 July 2018 Eric Voskuil: Libbitcoin Slides : https://building-on-bitcoin.com/docs/slides/Eric_Voskuil_BoB_2018.pdf ... Eric will discuss the business model of Bitcoin mining, its zero-sum nature, pooling pressures, dedicated cost principle, and the efficiency paradox. Building on Bitcoin conference Lisbon, 3-4 July 2018 Tooling Panel with Lawrence Nahum, Nicolas Dorier and Eric Voskuil Transcript : http://diyhpl.us/wiki/tr... Libbitcoin maintainer Eric Voskuil explains his concept of Cryptodynamics, the forces that secure and define Bitcoin – specifically risk sharing, energy sinking, and power regulating. Sign in to like videos, comment, and subscribe. Sign in. Watch Queue Queue

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