Mastering Bitcoin
- PoW – If Bitcoin issuance went away tomorrow, Bitcoin would continue to operate. Users pay REV, and miners would mine blocks to receive those fees. If issuance disappeared, they would reduce their hash rate proportionally. You may argue that this makes the network not secure enough for your own standards, which is a valid point to debate.
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
The Potential of Blockchain Technology
joincolossus.comThe future use of Bitcoin for small payments will likely not be carried out over the distributed ledger, as explained in the discussion on scaling in Chapter 10, but through second layers. Bitcoin can be seen as the new emerging reserve currency for online transactions, where the online equivalent of banks will issue Bitcoin‐backed tokens to users
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
Asset owners (or custodians) generate private keys, sign messages indicating asset transfer, and then broadcast those messages to the public so that the world can verify the scarce asset hasn’t been double spent. Each private key is tied to a public key. Where KYC/AML are necessary, public keys can be mapped to some off-chain identity system (e.g. ... See more