Don't have enough time to sit down and read all the best Bitcoin articles. Well, let us read them for you. This is a crypto Konami quick read. What is up? Crypto? Ghana me crew. Welcome back to the show. We are going to have a fun week this week in particular. We are hitting this one was really this was a really fun piece today. I ran into it last week and it's by its Twitter tag is Der G gde are gi gi run into All the time bump into him on telegrams of and he's always got some really really good points to add and I actually had not read he had a number of Articles up here and I noticed that I had actually not read any of them in the past. I think I started. Oh no. Okay. I did do one of the technological teachings of Bitcoin, but I have not really broken into his pieces a lot. And this one was just really really good. So I have immediately been Like okay now, I've got to go down like a little rabbit hole of stuff that he has on medium because he's been writing stuff for a good little while now. It's got a decent little selection of stuff and this one was just really really fun and it is titled Bitcoins gravity and it's all about idea the idea of Bitcoin. The the subtitle is its Bitcoins gravity how idea value feedback loops are pulling people in And it's a it's a bit of a longer read. I mean, it's not too bad. It says 17 minutes on medium. So we'll probably be a 25ish minute out loud read but we will see and without further Ado. Let's go ahead and jump into this breakdown on the feedback loop that provides value to the idea and the idea that secures the value of Bitcoin. I really love this idea so I cannot wait To break it down without further Ado. Let's Jump Right In. Bitcoins gravity How idea value feedback loops are pulling people in. Bitcoin is different things to different people whatever it might be to you. It is undoubtedly an opinionated and polarizing phenomenon. There are certain ideas embedded in the essence of Bitcoin and you might be intrigued by some more all of them the invention of Bitcoin and its underlying blockchain, which is so widely misunderstood spawns many projects networks and communities. Some of these networks are in direct competition. Which has resulted in Endless conflicts and lots of debate. The root of these conflicts is ideological in nature disagreement about how the world is and how it should be a disagreement about ideas. The following is an attempt to explain some of the reasons behind this polarization explore the underlying Dynamics in more detail and illustrate why an increasing number of people seem to be gravitating towards Bitcoin quote there are some Oddities in the perspective with which we see the world the fact that we live at the bottom of the deep gravity. Well on the surface of a gas covered Planet going around a nuclear Fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be but we have done various things over intellectual history to slowly correct some of our misapprehensions end quote Douglas. Adams agreeing on a set of ideas the goal of the Bitcoin network is to reach consensus a general agreement on the state of the system Bitcoins breakthrough Innovation was utilizing unforgeable costliness to reach Global consensus without relying on a central Authority. Link on unforgeable costliness to a piece by zobo on his blog on enumerated. Bitcoin can be understood as a game that anyone can join like all games it can only be played if it has rules certain ideas, which are internally consistent. Otherwise, it wouldn't be a game. It would be chaos quote before any game can be played. The rules have to be established before the game can be altered the rules have to be made manifest. All those who know the rules and accept them can play the game without fighting over the rules of the game. This makes peace stability and potential Prosperity a good game. The good. However is the enemy of the better a more compelling game might always exist end quote. Maps of meaning by Jordan Pederson Bitcoins consensus rules are just that a set of ideas codified into validation rules acted out by nodes on the network. Changing the set of ideas is akin to changing what Bitcoin is and the decentralized nature of the network makes changing them extremely difficult. There is no Central authority to dictate changes making unanimous adoption of a new set of ideas virtually impossible anyone who changes the rules even if he thinks such a change is for the better will start to play a different game with only those who choose to to join him As Bitcoins Creator famously said the nature of Bitcoin is such that once the first version was released. The core design was set in stone for the rest of its lifetime. Undoubtedly, Satoshi had certain ideas in mind when he created bitcoin many of these ideas are articulated in his writing and even in the Genesis block most importantly however, is core ideas are codified in Bitcoins consensus rules. A fixed Supply no central point of failure no possibility of confiscation or censorship and everything can be validated by everyone at all times. This set of ideas is embedded in the rules of the network and you have to adopt them to participate in essence a network like Bitcoin encodes a social contract in its software. Are ideas which are shared by everyone on the network? In a link to unpacking Bitcoins social contract is in that sentence and that is how Sue's and Sue's piece in there their series The Skeptics Guide to bitcoin and is a very good reader which we have hit on the show. I will link to that episode in the show notes. If you would like to listen to that one. I highly recommend it. spreading ideas all great things start small and Bitcoin was no exception in the beginning. It was one note one piece of software one person one set of ideas on October 31st 2008. The Bitcoin white paper was published two months later on January 30 2009. The Genesis block was mind. Quote the times January 3rd, 2009 Chancellor own brink of second bailout for banks end quote Bitcoins Genesis block. It took only two days until a second person was intrigued enough to join the network. How many ran the software connected to satoshi's node? And the Bitcoin network was born? Soon other people picked up on the idea of ran the software and set up their nodes to join the network the rest as they say is history. The Bitcoin network is a complex piece of Machinery the constituents of the network part technology and part biology make it inherently difficult to describe and understand while the following doesn't claim to be a complete description of the system by any means, I think it's helpful to focus on some Issuance in more detail in particular. I want to focus on the following four ideas people code and nodes. Bitcoins ingredients 2 parts software two parts Hardware On the physical layer, the network is made up of interconnecting nodes Bitcoins consensus rules are embodied in its software IE the code, which is running on its nodes. Ultimately people are choosing which software to run a decision which is shaped by the set of ideas that they hold the possibility of running self. Sovereign nodes is part of the reason why Bitcoins consensus rules are so hard to change as mentioned above. There is no Central Authority. No, entity to trust changes have to be adopted voluntarily by everyone. People are free to run any version of the software be it out of conviction laziness or contempt Bitcoin is a system quote based on cryptographic proof instead of trust to quote. The white paper. The implication is that you are the authority and you have to verify everything for yourself from scratch. out of this consensus emerges Quote Freedom brings Min rudely and directly face-to-face with their own personal responsibility for their own free actions end quote Frank Mayer in defense of freedom. As soon as consensus is reached on the network value comes into play that Bitcoins or any monies for that matter have value is in itself an idea that people need to be convinced of for Bitcoin. This process took almost five hundred days when the network was in its infancy Bitcoins weren't worth anything. They were mined and sent back and forth between curious cypherpunks. However, the moment Laszlo exchanged 10,000 Bitcoin for two pizzas. Bitcoin went from zero to one in an instant the network became valuable in a tangible way ever since this moment. The following idea value feedback loop is at Play. one Bitcoin set of ideas its value proposition is attracting people to those people freely choose which code to run three the selected code runs on individual nodes dictating their behavior for nodes join the network connecting to peers who share their ideas five the network reaches consensus enabling Agreement on who owns what and 6 the value in turn reinforces the set of ideas defined by its consensus rules the embodiment of its value proposition, which brings us back to one. The value Loop graphic ideas convince people people choose the code the code runs on the nose the nodes join the network which reaches consensus which enables its value which reinforces the ideas. This idea value feedback loop. The reinforcement of ideas through value creation is the mechanism behind Bitcoins gravity everything in this cycle influences everything else whether it is software Hardware or wet where this Loop is what ultimately captures people and since Bitcoins core set of ideas is virtually fixed. It has some surprising effects on the set of ideas held by people. Bitcoins gravity well As we have seen above Bitcoin is an opinionated piece of software creating an opinionated Network. The result of an opinionated network is that it attracts opinionated people arguably most early adopters of Bitcoin shared its core set of ideas as Dan held points out in planting Bitcoin link provided Satoshi carefully chose, the initial group of people cryptographers and Cypher punks who understood the technical components Bitcoin is made of There are many paths which might bring you close to Bitcoins gravitational pull. You might have an interest in cryptography information security or financial Technologies. You may hold certain political or economic beliefs. You may be a gold bug free speech Advocate or Speculator. You may need to use Bitcoin out of necessity. Whatever the reasons for your initial contact with Bitcoin. There is a certain probability that you are pool in Satoshi alluded to Multi-dimensional attractiveness in one of his emails to the cryptography mailing list quote. It's very attractive to the libertarian Viewpoint if we can explain it properly. I'm better with code than with words though end quote, Satoshi, Nakamoto. One way to illustrate this is by visualizing a landscape of ideas since the number of all possible ideas is basically infinite. We will have to focus on a small subset. And since we are talking about Bitcoin, we will focus on the small Universe of ideas spawned by asking the question of what Bitcoin is ask three strangers what Bitcoin is and you will probably get three very different answers. Any answer is necessarily shaped by past experience. Political and economic beliefs and an individual understanding of the world your personal set of ideas. You were worldview defines where you are on the landscape of ideas. The landscape has sets of ideas, which Clump together narratives which help to explain what Bitcoin is one person might think of the coin primarily is digital gold focusing on the store of value aspect of Bitcoin another person might think of Bitcoin as a payment system focusing on the medium of Exchange. Exchange aspect of Bitcoin yet. Another person might think of Bitcoin is a way to automate more complex social constructs focusing on automation of contracts and similar ideas quote. Nobody can know everything the complexity of society is irreducible. We cling to mental models that satisfy our thirst for understanding a given phenomenon and stick to groups like denta fi with similar narratives end quote. and held these narratives these sets of ideas describe both what Bitcoin actually is at least in part and what people think it is. These narratives will necessarily evolved over time as our understanding of the system and the system itself evolves neither ideas nor people nor Bitcoin or the World At Large are static things our visions of Bitcoin have changed and will continue to do so in the future. Whatever Bitcoin is it acts as a gravity well in this universe of ideas, if you were set of ideas overlaps with those embodied by Bitcoin you are close to its gravity well and captured easily. If your set of ideas is opposed to Bitcoins you are far away from its gravitational pull and remain unattracted. Consequently Bitcoin is attracting opinionated people who share certain ideas and ideals birds of a feather flock together as the saying goes in this case many nerd birds and cypherpunks flocked around Bitcoin early. Not particularly surprising. What is surprising. However is the side effect of an opinionated Network. It influences people since the set of ideas embodied by Bitcoin is fixed. It is the set of ideas held by people. Which has to align not vice versa. The last ten years have shown that Bitcoin is very effective in changing Minds so far. No single mind was particularly effective in changing it quote. So the universe is not quite as you thought. It was you'd better rearrange your beliefs then because you certainly can't rearrange the universe end quote Isaac Asimov. To repeat an old Tales from the Crypt Trope Bitcoin will change us more than we will change it as I have learned myself link provided. attraction and repulsion All right. We're about halfway through this thing now so I am going to take a quick drink break and a breather and let out some of this hot air in my Bitcoin cave will hit our sponsor and jump right back in. For anyone who has a podcast anchor cannot be beaten particularly for trying to get off the ground their entire platform is free. This includes unlimited hosting both in audio that you upload and how much your listeners download. I have uploaded an incredible library of audio now and I've never paid anchor a dime. In fact, they connect me with other sponsors and have run an ad consistently on my show. So they've paid For exposure to my audience that's really hard to beat even if we ignore that I can record directly in the app or my browser. I don't need any other software. If I don't want it I can edit at sound effects clips and they automatically publish to all of the top podcasting platforms. I never had to do a thing. So if you were thinking of starting a show or already have a podcast, there's no better platform out there check out anchor by downloading the app or go to Anchor dot f FM today attraction and repulsion But what if your set of ideas does not overlap with Bitcoins what if you wish to change Bitcoin set of ideas not convinced of the futility of this endeavor? What if you are downright repulsed by some of its ideas quote the miracle of physics that I'm talking about here is something that was actually known since the time of Einstein's general relativity that gravity is not always attractive gravity can act repulsively end quote Alan Guth. If you were truly repulsed by Bitcoins ideas, you might end up drifting away into space joining the interstellar void where no corners float around if you want to change Bitcoins ideas in a fundamental way, you might end up creating another gravity. Well, this is easily possible because of Bitcoins openness. It's open source code permissionless Network structure and lack of formal organization of any kind allows anyone to copy modify and run the code without Asking for permission as outlined above changing the core rules of Bitcoin results in a new game different from The game. Everyone else is playing to not play alone. You have to convince other people to play with you. If you want to have the same number of people to play with you will have to convince everyone on the network that your set of ideas is better than the one held by everyone else. And since this is mostly a financial game strong Network effects are very Very beneficial it is in your best interest to convince everyone failing to do so, we'll create a competing system either by creating a new network or by splitting off from the existing Bitcoin Network since all new projects are inspired by Bitcoin the set of ideas necessarily overlaps. Sometimes almost exactly quote tracking narratives is a good way to help people understand that there are in fact a menu of beliefs. For their affiliation trying to identify where one narrative ends. And another begins is a challenging task as ideas tend to have permeable borders and quote Nathaniel Whitmore. Since creating new Gravity Wells is a possible and be relatively easy to do copy Bitcoins code change a few parameters launched the new network with a couple of friends. There was an explosion of alternative coins in the last few years While most of these altcoins are outright scams. So I'm trying to find a niche attracting people who share its new or modified set of ideas being sucked into one of these gravity Wells and thus into an idea value feedback loop is the reason Much of the toxicity we see in Bitcoin and elsewhere the direct link between holding beliefs or ideas and holding assets value is a multiplying factor, which can result in ever deeper entrenchment quote. Everyone knows nowadays that people have complexes what is not so well-known though far more important theoretically is that complexes can have us in quote Carl Jung? When you could argue as Carl Jung did in relationship to complexes that blockchains have people at the root of every gravity. Well is a set of ideas and a group of people which are had by them once captured a difference in technicalities can easily become a difference in ideologies and vice versa giving up on ideas is difficult in any case but if you are net worth is intractably linked to these ideas, it becomes ever more difficult. Alt orbits and collisions The formation of any gravity well isn't exactly a smooth ride just like stellar and planetary formation is violent at times son's swallowing planets planets bumping into each other and moons being smashed to Pieces the formation of Bitcoins gravity. Well had some violent events to I plan to explore some of these events in the future, but for now, let's just acknowledge. There are other projects orbiting Bitcoin and that there have been collisions in the past. begin graphic He's got an animation here. That subtitle is an artist's impression of Bitcoin and its satellites sources KQED science. It's a really neat little animation. So I encourage you to go check it out not to mention that there are tons of other links speckled throughout this. I've only mentioned a couple specifically in the reading so as we continue forward just know that there is a lot to explore and dive deeper into this. So don't forget to go check out the actual article so you can access to those and graphic whether all projects will be swallowed by Bitcoin or die on their own or whether some will find stable orbits is yet to be seen what can be observed today. However, is that most networks are competitive the quote Eric Hoffer quote. The gain of one in adherence is the loss of all the others end quote. what can also be observed since it has happened multiple times over the last couple of years is that projects which failed to deliver on their value proposition are quickly losing most of their adherents and also their value the former do to disillusion and the latter due to Market forces value and speculation on future value is an integral part of the idea value feedback loop if ideas don't materialize or fail real and Little value is lost which is effectively killing those ideas and the networks which embody them. However, as long as people hold different sets of ideas and as long as a project in Bitcoins orbit embodies this set of ideas people will flock to it whether those ideas have Merit will be decided by time the open market and ultimately reality horrible ideas. Don't work at all bad ideas not for long and solutions which aren't substantially better than the status quo won't thrive in a free market. The best ideas however might be discovered by the biggest networks and will be assimilated. If assimilation is possible if Bitcoin can eat it, it will eat it. Feeding on ideas as mentioned above Bitcoins core set of ideas is fixed from day one. However, this doesn't imply that Bitcoin can't be improved it can and should be improved but it has to be improved in ways that don't destroy the essence of Bitcoin such improvements are happening all the time, which is why we can send payments to script hashes have segregated witness and can pay small amounts quickly and cheaply on the lightning Network. The technicalities of improving Bitcoin and the important difference between a soft and a hard Fork are well worth exploring but are beyond the scope of this article without going into more details in regards to the nature of these improvements Bitcoin undoubtedly is improving and thus its feature set is changing and expanding in terms of gravitational pull. This means that Bitcoin is gaining mass the set of ideas which describes Bitcoin is expanding along with its feature set potentially capturing more people and swallowing competing projects and ideas in the process the idea of cheap payments for example has re-emerged thanks to payment channels in the lightning Network while still in its early stages other projects built on this idea will lose their Merit if the lightning network is successful on a large scale privacy is another idea which is at the root of several competing projects if future privacy enhancements in Bitcoin proved to be successful Civil action or signatures lightning Whirlpool while it's supporting coins. These projects might be swallowed by Bitcoin as well. Quote and the Earth opened her mouth and swallowed them up and their houses and all the men that appertained and to Carrera and all their goods they and all that pertains to them went down alive in the pit and the Earth closed upon them and they perished from among the congregation in quote Book of Numbers. I'm not saying that all other projects will perish necessarily but networks Thrive because of network effects The Winner Takes most if not all the value of conviction. Whenever people are debating ideas tribalism is the norm not the exception whether it is politics Sports iPhone versus Android or pineapple on Pizza people identify with the camp that is closest to their ideas and ideals while the validity of ideas are sometimes hard to measure either because their consequences are very indirect like politics or subjective and not truly consequential in the grand scheme of things. Pineapple on Pizza networks, like Bitcoin come with a direct measurement value while this value can be distorted by both manipulation and speculation. It is a reliable and almost direct indicator of both conviction and validity of ideas. If more people are convinced by a networks set of ideas more people will hold its native token as an asset and the more those ideas aligned with reality the more real-world value. Is generated by the network convincing more people and deepening the convictions of those already convinced Bitcoin has the largest gravity for a reason it's worked since day one solves real problems for real people generating real value. It works because it's set of ideas aligns most closely with reality. It is valuable because people believe in its value proposition and with good reason Bitcoin is the Largest most secure most robust Network for permissionless and digital value transfer to date and it is growing whether you are already convinced buy Bitcoins ideas or are diametrically opposed to them Bitcoin will continue to not care its gravitational pull will continue to increase swallowing ideas people code and nodes in the process. conclusion we have seen the Bitcoin in body is a certain set of ideas in its consensus rules and overall architecture changing Bitcoins core set of ideas is virtually impossible, which is why it's Core Design is quote set in stone since day one. The idea value feedback loop is what creates Bitcoins gravity people come in close to this feedback loop at a certain probability of being captured which forces them to align their own set of ideas with Bitcoins or quote. Work off understanding that any unchanging system will change its participants is helpful in understanding both attraction to and repulsion buy Bitcoin since changing. The core set of ideas is not an opinion new projects embodying new sets of ideas are launched creating new Gravity wells in the process. A different idea value feedback loop is the basis for each gravity. Well tribalism and loss aversion help to explain some of the toxicity between competing projects and communities since falling into any feedback loop will taint the worldview of anyone captured by it. Quote for one can fall victim to possession if one does not understand bit times. Y1 is possess one should ask oneself for once why has this idea taken possession of me? What does that mean in regard to myself Carl Jung? Both the world and Bitcoin are Dynamic things making any set of ideas. We currently hold insufficient break permanent complete view of either Bitcoin can and does change even if its Essence is virtually unchangeable no matter our individual beliefs. We must not get too attached to any narrative or to any set of ideas. Bitcoins dominance is no accident. It's set of ideas managed to convince the largest group of people generating the most value in turn. However exploring other ideas can be a good and healthy thing if pursued genuinely time in the free market will decide which ideas aligned with reality bad ideas will vanish and good ideas will be absorbed. In a world where people hold a combination of ideas and valuable assets a feedback loop which links and reinforces both is a powerful force of attraction whether you just started to feel Bitcoins gentle pull or you've been a hold. Lynott in close orbit. They coins gravity will continue to increase I am convinced that idea and I hope to have planted a seed of conviction in you as well. Further reading these are the links that he has most if I'm not mistaken were linked to at some point in this article. And this is a really really great list of stuff here. We have covered a number of them on the podcast and a couple of them are in the works stuff to be hit one in particular maybe even this week but let's go ahead and go through the list just for fun. We've got this one we It in fact do on the show and I will link to it in the show notes unpacking Bitcoins social contract by hasu. We can't all be friends crypto in the psychology of mass movements by Tony Shang this one. I have not done and I have not actually read this one. I'm so I might try to dig into this one put this in my possible list and see what I see how I think about it and we've got visions of Bitcoin how major Bitcoin narratives changed over time by hasu and Nick Carter. This one is another one we have done on the show already and the many faces of Bitcoin by Murad mammadov and Adam Tache. I know I've read it, but I cannot remember if this one was on the show or not. I'll do some hunting if I found this if I finally find this in my thing, you're my list. I'll let you know and it'll be posted in the show notes Bitcoin past and future also by Murad mammadov and Adam Tache crypto incrementalism versus crypto Anarchy by Tony Shang that one I did read this a very old episode and I think that was a sub 100 quick read like probably in the 40s or somewhere around there. But that one was also a very interesting read Bitcoin culture wars by Brandon quidam, we've read a couple of things by Brandon but do not believe I hit that one on the actual show and we've got Schrodinger's Securities by Nathaniel Whitmore Nathaniel Whitmore. I have not read that one at all. In fact, this is the first I've heard of it. I will put that on the list to go through when I get a moment maybe tonight while I'm working on stuff Market narratives are marketing by Nathaniel Whitmore and Quantum narratives by Dan Hill. That is the one that if things go right. I may be hitting that one this week. I have not mentioned that to Dan held so if he listens to this one, this is the first he's heard of it, but I'll be shooting him a message soon. I know he's been very happy and super generous about me reading any of his stuff on the show and that is a really fun one and he this article actually links or excuse me references quite a bit of stuff that was It in that article in a little bit more detail. So it's really really fun one which we will probably be hitting soon and then his acknowledgements thanks to hasu who's incredible feedback help to shape large parts of this article is riding on unpacking Bitcoin. Social contract was my inspiration for writing about Bitcoins gravity and I have to admit that whole series The Skeptics Guide to bitcoin by hi Sue and I think the social contract when is just Jesus article, but him and su su su su has Of written so many good articles we've done so many of their things on the show. It just a just a wonderful little rabbit hole to go down just of their work in particular and unpacking Bitcoin social contract was just a really really fun one for getting a completely different view of Bitcoin and and what it is. And then thanks to Daniel Nathaniel Whitmore for his writing on narratives and feedback earlier drafts of this article been princess for proofreading the final draft and dedicated to the bravest Space Cat of them all hold low not April 2017 to April 2019. That sounds awful. That sounds like that sounds like hold on not died. Hold a lot is not dead. He is still alive and well probably dealing with a bunch of nonsense. From the scammer in fraud Craig, right? That's actually one thing to mention is that you can actually donate to his defense fund to make sure that he doesn't get screwed over for calling Craig what he is which is a fraud. So I wonder where that link is. I will try to link to that as well. So this one okay, so we went through everything even acknowledgements on this piece, but this was just really fun. I love talking about Bitcoin as a concept and how its enforced. I think this is a pretty good one when he's talking about like the recipe the pieces of the Bitcoin system is two parts software two parts Hardware. We got ideas and code and then people and nodes that make up this network. It's a it's a good lead into our our week of nodes our discussion of what a node is what it means in Bitcoins consensus rules. How the market in Fact defends against the game that is Bitcoin because it's a really fast and I love that way of describing it that if you change the rules at all, you're changing the game like you're just playing an entirely new game and only the people who leave the current game and go join you on yours are actually there to play with. Um, it's a really really fun way to think about it because that's very true. Like it's a game where there's Trevor. He's or trustless everybody is essentially Everybody has their own personal referee in there. Everybody's coming to consensus on what rules were broken in what weren't and there's an explicit set of codified rules a codified structure of the game built into the network thus allowing people to play it. So the nobody can cheat it. There's no Central Authority dictating what those rules are and that's why the argument between softworks and hard Forks are so critical because We're changing the nature of the game. Even if your heart for looking for the tiniest tiniest of reasons and something I've talked about recently. That is it destroys the Lindy effect because the idea that Bitcoin has been around and succeeded for 10 years is in large part due to the fact that the underlying security assumptions have never been altered in a incompatible way. So even if it's altered just just in a tiny way if it's hard forked it starting that Lindy effect. / it's a it's a new set of consensus rules that do not apply to the old and and because of that you don't have that assumption anymore. You know, there's been a hard Fork, you know, there's been a breaking change in those rules. So those new rules and even if the even if the shift seems arbitrary or like incredibly minor, I mean, there's so many things like just segue to X is a great example there was So little change in the code. The only change really was that there was going to be this this point in time and this specific block height in which people were going to be looking for a change of merely in the block size, which was only twice as big but it shows exactly how the Linea effect was completely destroyed because just the fact that those consensus rules were changed and people were looking for a new set of rules immediately opened the The possibility of a fault like as long as things remain in consensus the fact that the current consensus rules have not had a fault is is reinforced by every day that there continues to not be a bug on the everyday that continues to enforce and and make this game for everyone to play together. Whereas segment 2 x just by into implementing a block height and being off by one in what that block height was going to be in defining it completely destroyed their client like their whole their whole thing never got off the ground. They never produced a single block on the on that software. If you don't know imagine some people probably don't know that little history tidbit about their New York agreement and the hole segment 2 x debacle that happened back in 2017. So there are a number of episodes that you can dig into that. We cover stuff is stuff on that. In fact, there's a really good one from Bitcoin magazine called the long road to segue it no idea what episode number it is. I will link to that one in the show notes. Holy crap. My list is getting really long. I might have to start writing these things down. Otherwise, I'm gonna end up with like three links. And after I've told you guys then I'm going to have like 30 whoo. That is not what I was trying to Open but this wonderful article was written Again by der Gigi. I assume this I have a printout that's how I've been saying it in my head for months as D ER gi gi and that's actually his medium tag as well. I think is actual. I think it just shows up as Gigi. But if you do at D ER gi gi on medium, that's what that's what you're looking for. I will post a link to this article as well as as his other his little series. It's like the philosophical and like technological teachings a Bitcoin burst the stupid link. The technological teachings of Bitcoin and then economic teachings of Bitcoins in the philosophy all teachings of Bitcoins a Bitcoin. What I've learned from Bitcoin part 1 2 & 3 I have read the I think it's the third one the technological teachings of Bitcoin, but I've been meaning to have had this one somewhere deep down on my list of like when I get a day of just just breaking through like hundreds and hundreds of Articles, which I try to do every once in a while. Um, this is definitely on my list and I'm probably going to bump it up the list now because I really enjoyed this piece on Bitcoins gravity. So definitely do not forget to go follow him over on medium and on Twitter because no doubt he is going to be continuing to write and add some really fun thought like understanding Bitcoin and breaking down what it means. I love his little addition on like why it is that tribalism. Get so bad. Like it's the default like when you look at these I things like this. This is a the game of Bitcoin is about segmenting ideas. Very very like there's no there's no wiggle room in some of the foundation of these ideas. So as soon as they're changed just a little bit. It's just a completely different. It's a whole new game and that's a really fun way of looking at it that and ha Sue's social contract both really go into like why is there there so much everybody's a cult and why is why is tribalism so bad in something like this and it's because the ideas
A great piece just full of fun analogies on how to imagine the force of nature that is #Bitcoin. Don't miss our first piece by @dergigi on the show today, exploring Bitcoin as a force of ideological gravity, and how the network codifies a concept into an explicit set of rules to define the game we play. Today's read, Bitcoin's Gravity! Check out the other work by @dergigi on his personal page below, and also drop some applause on this article and go through the tons of links to the other great work he has spread throughout the piece! https://dergigi.com/bitcoin/ https://medium.com/@dergigi/bitcoins-gravity-e1674ad9f8e4  Here are the other smattering of links & great reads we have covered in earlier episodes: • Unpacking Bitcoin's Social Contract by @Hasu https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5 • Visions of Bitcoin by @Hasu & @nic_carter https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_120---Visions-of-Bitcoin-e2ndqq • Crypto-incrementalism vs Crypto-anarchy by @tonysheng https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_104---Crypto-Incrementalism-vs-Crypto-Anarchy-e2ndrd • The Hodlonaut Defense Fund https://weareallhodlonaut.com/ • The Long Road to SegWit https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_054---The-Long-Road-To-Segwit-e2ndsv • SegWit2X Bugs Explained https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_144---SegWit2x-Bugs-Explained-e2ndq0  ---   This episode is sponsored by  · Anchor: The easiest way to make a podcast. 