Tag: mathematics

Jun 14 2022

Proof-Of-Work Is Objective, Proof-Of-Stake Is Not

The proof-of-work consensus mechanism used in Bitcoin is an objective measure of history which cannot be changed on the whims of validators.Alan Szepieniec holds a PhD in post-quantum cryptography from KU Leuven. His research focuses on cryptography, especially the kind of cryptography that is useful for Bitcoin.Proof-of-stake is a proposed alternative consensus mechanism to the...

Mar 07 2022

Apple Co-founder Steve Wozniak Says Bitcoin Is “Pure-Gold Mathematics”

Mar 07 2022 Published at Bitcoin Magazine under tags  apple bitcoin gold markets mathematics

In a recent interview, Steve Wozniak discussed the mathematical purity of Bitcoin as “pure-gold” mathematics, separating it from other cryptocurrencies.Steve Wozniak, co-founder of Apple, says Bitcoin is the only cryptocurrency with “pure-gold mathematics.”Wozniak discusses an inherent lack of trust in the cryptocurrency space, calling tokens “flaky.”Bitcoin is different because it is...

Feb 14 2022

How Bitcoin Fits With ‘Beautiful Mind’ Mathematician John Nash’s Ideal Money

Pioneering mathematician John Nash laid out a concept for “Ideal Money” that has parallels with Satoshi Nakamoto’s Bitcoin.“I think of the possibility that a good sort of international currency might EVOLVE before the time when an official establishment might occur….Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for...

Jun 30 2021

Bitcoin And The St. Petersburg Game

The apparently infinite value of bitcoin has been expressed in a proposed mathematical situation before.If you’ve fallen down the Bitcoin rabbit hole even a foot, you’ve probably seen references to the idea of “everything there is, divided by 21 million.” Originally posited by Knut Svanholm, Ioni Appelberg and Guy Swann in a YouTube video with the same...

May 14 2021

Bitcoin Information Theory: B.I.T.

Entropy, a natural phenomenon, is closely related to money and information energy — Bitcoin as information is a reduction of entropy.When Buckminster Fuller was asked by a 12-year-old boy how he would suggest solving international problems without violence, he answered: “I always try to solve problems by some artifact, some tool or invention that makes...

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