Giacomo Zucco Talks Bitcoin, Privacy and Why He Hates ...

Value of hobbyist full nodes in 10-20 years

‪Genuine question here I would appreciate some insight into as I’m learning more about Bitcoin.
I’m trying to get a deeper understanding of ‪what real value an individual running a full node will be able to add to securing the Bitcoin network in 10-20 years when onchain fees increase and :
‪1. They need the technical knowledge to be able to confirm whether a transaction they are receiving is actually valid, I.e verify UTXOs ‬(to avoid a “NYA type attack”) as per Giacomo Zucco https://twitter.com/giacomozucco/status/1164868198421925888?s=21
‪2. Most of their economic activity will be on second layers?‬
The notion is that the economic activity through full nodes running on low end commodity hardware on low bandwidth connections will protect against malicious hashpower, but is this a scenario that is realistic?
Or will the technical knowledge and legitimate economic activity to prevent this kind of attack simply be with those players in the ecosystem that can afford larger bandwidth and storage?
Edit: Hobbyist was the wrong choice of word. I meant average person wanting to transact with Bitcoin.
submitted by Teslainfiltrated to Bitcoin [link] [comments]

A list and reviews of some good bitcoin podcasts

I must have listened hundreds of hours to bitcoin podcasts this year and wanted to share some of my favourite ones. Hopefully it will be helpful for someone to decide with the allocation of their precious time, so here are my recommendations, in no particular order.
Blockdigest - a bi-weekly podcast, with focus on current events in the space. Most of the knowledgeable and ethical people around; no ads, no sponsors, no bs. The downside is that the format is a bit hard to digest (heh, get it?), as the videos are quite long (2-3h), covering many topics in depth, sometimes relapsing into rants and namecalling. But this comes with their "grassroots" approach (they featured u/nopara73, Wasabi wallet creator, many times, as well as other privacy oriented topics), and I have learned a lot from these guys and girls over time, and Janine deserves a special shout out for her journalistic ethics and vigour, continuing to call out many faulty practices in her work field.
Twitter
YouTube channel
Tales From The Crypt - "what's up you freaks, it's your boy Marty Bent!". I like the relaxed, fun, but inquisitive style of the host, having beers/whisky with his guests, making them feel comfortable while grilling them with good questions. The selection of guests is great, too (Matt Corallo, Nic Carter, Hasufly, Jack Mallers, Pierre Rochard etc etc)! The host also has a "Weekly Recap" series as part of the podcast, as well as a daily (!) newsletter with recap of the daily stuff from the bitcoin space.
Twitter
Libsyn
Anchor.fm
iTunes
WhatBitcoinDid - Peter (the host) attracted the wrath of bitcoiners by interviewing Craig "Faketoshi" Wright earlier this year without being able to challenge him enough on the technical side. But he seems to be driven by genuine curiosity, desire to learn and an open mind, which became evident with the progression of his podcast, the guest selection and the kind of discussions that have been had on his show. I like his approach to actually travel to his guests to interview them, so thumbs up for the effort. It was fun to observe him starting from a point of "zero knowledge" and advance to a full-blown bitcoin maximalist (well, almost!) by gaining understanding of how bitcoin works. One of my favourite episodes are the one with Tuur Demeester and Nic Carter. Guests like Adam Back, Giacomo Zucco, but also non-bitcoin guests like Hester Pierce (SEC commissioner), Grin's/Mimblewible dev Michael Gordner etc.
Twitter
Website
Noded - Bitcoin maximalism to the.. maximum. It might surprise you though that the views are actually quite balanced and not at all without critical, adversarial thoughts on bitcoin. The CVE-2018–17144 bug (inflation bug in the Bitcoin Core software) got extensive, critical coverage (a whole episode w/ John Newbery as a guest) and the views and questions of the hosts are much more nuanced and critical than the term "maximalist" might suggest. Guest list is comprised of devs like Rusty Russel, Christian Decker, Matt Corallo and "hardcore" bitcoiners like Murad Mahmudov. People with knowledge, low time preference, skin in the game and deeply rooted in the bitcoin space.
Twitter
Website
Soundcloud
Stephan Livera Podcast - another "grassroots" podcast, mainly focused on people from the developer and building space. Incredible work ethic of Stephan, suddenly coming out of nowhere and then bringing out a podcast almost every day, although it seems to have slowed down a lot recently. Guests like Justin Moon (creator of the "BUIDL bootcamp"), Rene Pickhardt (Lightning dev/buildeeducator), Samourai wallet dev etc.
Twitter
Website
Tone Vays - probably no description necessary. Tone has been in the space for many years now, not afraid to call a bear market when everyone is a bull (and vice versa). Impressive dedication to shill his ref links in the beginning of each video, but we allow it for all the dedication to his youtube channel over the years. Not a podcast to go for technical information on bitcoin, but if you're into readings of those candles, those magic nines and things like that, it's a good podcast with some entertainment value and a good track record of staying scam-free. On that note, also check out Tone's CryptoScam series, where he analyzes various altcoins with guests like Peter Todd, StopAndDecrypt, Paul Storzc etc.
Twitter
YouTube
Cryptoconomy- a guy with a pleasant voice reads out (and comments on) some of the most important articles in the bitcoin space (by Nick Szabo, f.ex). If you don't like reading long articles, this might be the podcast for you.
Twitter
Website
submitted by TheGreatMuffin to Bitcoin [link] [comments]

Bitcoin Companies Collaborate on “Spectrum” Token Protocol for Lightning Network

Bitcoin Companies Collaborate on “Spectrum” Token Protocol for Lightning Network

CoinDesk article: https://www.coindesk.com/startups-debut-first-protocol-for-issuing-tokens-via-bitcoins-lightning-network

Several Bitcoin industry players have been working for the last few months to provide a protocol that will allow cryptographically-secured digital assets on Bitcoin’s Lightning Network, called Spectrum. The group includes interests from Bitfinex, Bitrefill, Poseidon Group, Fulgur Ventures, BHB Network, Chainside, and inbitcoin.

These businesses each see great potential for establishing a token system that can demonstrate how Lightning’s layered network can provide instantaneous transacting of digital assets.

Redefining Digital Assets

This project revives the RGB protocol work that was initially bootstrapped by BHB Network, sponsored by the Poseidon Group, and led by developer Alekos Filini, who recently left the project to join Blockstream. RGB is a modern protocol loosely based on earlier “colored coin” solutions, but newly improved and optimized for second-layer solutions to allow tokens on Bitcoin. A new roadmap is being written, and a new team of developers has been tasked with making digital tokens compatible with the Lightning Network.

After some preparation, the group intends to submit a BOLT specification proposal and release an open-source implementation and wallet for the Spectrum token protocol on the Lightning Network.

The Spectrum protocol will be compatible with the RGB suite of modules, which includes the Kaleidoscope reference application for libraries, and a direct payload passage module called Bifröst.

“Bitrefill is taking the long view on the Lightning Network’s role in the future of internet commerce and we see several use cases for tokens that the Spectrum protocol can make possible.” John Carvalho, CCO, Bitrefill

“We hope to have Tether transacting over the Lightning Network by the end of the year. Bitfinex will continue supporting Lightning projects and features in our platforms.” Paolo Ardoino, CTO, Bitfinex*“*

At Fulgur Ventures we believe that further development of the Lightning Network capabilities helps Bitcoin to become a widely used decentralized financial ecosystem.” Oleg Mikhalsky, Fulgur Ventures

“Bitcoin, both with its base layer and with its Lightning Network component, will not only prove disruptive in itself, but it will improve the landscape for tokenized assets, allowing everyone to leverage the world’s most secure decentralized value transmission system as an anchor for fungible and infungible tokens.” Giacomo Zucco, BHB Network

“inbitcoin has been closely interested in RGB and involved since the initial brainstorming. Now we are helping to make it happen within mobile applications and physical plug-and-play solutions.” Marco Amadori, CEO, inbitcoin
submitted by bitrefill to Bitrefill [link] [comments]

Bitcoin Companies Collaborate on “Spectrum” Token Protocol for Lightning Network

Bitcoin Companies Collaborate on “Spectrum” Token Protocol for Lightning Network

CoinDesk article: https://www.coindesk.com/startups-debut-first-protocol-for-issuing-tokens-via-bitcoins-lightning-network

Several Bitcoin industry players have been working for the last few months to provide a protocol that will allow cryptographically-secured digital assets on Bitcoin’s Lightning Network, called Spectrum. The group includes interests from Bitfinex, Bitrefill, Poseidon Group, Fulgur Ventures, BHB Network, Chainside, and inbitcoin.

These businesses each see great potential for establishing a token system that can demonstrate how Lightning’s layered network can provide instantaneous transacting of digital assets.

Redefining Digital Assets

This project revives the RGB protocol work that was initially bootstrapped by BHB Network, sponsored by the Poseidon Group, and led by developer Alekos Filini, who recently left the project to join Blockstream. RGB is a modern protocol loosely based on earlier “colored coin” solutions, but newly improved and optimized for second-layer solutions to allow tokens on Bitcoin. A new roadmap is being written, and a new team of developers has been tasked with making digital tokens compatible with the Lightning Network.

After some preparation, the group intends to submit a BOLT specification proposal and release an open-source implementation and wallet for the Spectrum token protocol on the Lightning Network.

The Spectrum protocol will be compatible with the RGB suite of modules, which includes the Kaleidoscope reference application for libraries, and a direct payload passage module called Bifröst.

“Bitrefill is taking the long view on the Lightning Network’s role in the future of internet commerce and we see several use cases for tokens that the Spectrum protocol can make possible.” John Carvalho, CCO, Bitrefill

“We hope to have Tether transacting over the Lightning Network by the end of the year. Bitfinex will continue supporting Lightning projects and features in our platforms.” Paolo Ardoino, CTO, Bitfinex

At Fulgur Ventures we believe that further development of the Lightning Network capabilities helps Bitcoin to become a widely used decentralized financial ecosystem.” Oleg Mikhalsky, Fulgur Ventures

“Bitcoin, both with its base layer and with its Lightning Network component, will not only prove disruptive in itself, but it will improve the landscape for tokenized assets, allowing everyone to leverage the world’s most secure decentralized value transmission system as an anchor for fungible and infungible tokens.” Giacomo Zucco, BHB Network

“inbitcoin has been closely interested in RGB and involved since the initial brainstorming. Now we are helping to make it happen within mobile applications and physical plug-and-play solutions.” Marco Amadori, CEO, inbitcoin
submitted by bitrefill to Bitcoin [link] [comments]

Why Bitcoin Not Blockchain - Jimmy Song, Giacomo Zucco, Johnny Dilley & Tone Vays Giacomo Zucco - BITCOIN: POLITICAL ATTACK VECTORS AND COMMON MISCONCEPTIONS  HCPP17 Proof of Work - An interview with Giacomo Zucco (Bitcoin Toximalist) Bitcoin Brief w/ Giacomo Zucco - BTC Privacy & Italian Banks

Giacomo Zucco is a Bitcoin consultant and educator. With a background in theoretical physics, his attentions have turned increasingly to Bitcoin since 2012, and his commentary, insights and humour have made him one of the must-follow figures on Crypto Twitter. I asked Giacomo a few questions on Bitcoin, privacy, ETFs, and why he dislikes Coinbase. Panel with Max Keidum @ Value of Bitcoin, Munich, 2019 Everything they told you about Bitcoin is a lie @ Value of Bitcoin, Munich, 2019 How I Learned to Stop Worrying and Love the Lightning @ Lightning Hack Day, Munich, 2019 Giacomo Zucco: That will be 1, because this is an explicit attack on Bitcoin, generated by an entity that tried to take over Bitcoin, the Bitmain company, and sold on a scam website which tries to basically defraud Bitcoin newcomers by selling this altcoin which they call “Bitcoin”. So there are actually people who are at the center of this ... Giacomo Zucco Bitcoin Evangelist, Technology Consultant The ICO Triangle A talk about the new, fascinating but also somehow worrisome phenomenon represented by the “Initial Coin Offerings”, with an attempt by the speaker to list, outline, schematize and illustrate, in an easy and mnemonic way, all the main challenges, the possible ... There was a clash on Twitter between Nassim Taleb and Giacomo Zucco about Bitcoin and libertarian philosophy.. Taleb is a Lebanese (naturalized American) philosopher, essayist and mathematician very famous for having elaborated the so-called “black swan theory”, which is the metaphor describing the unfolding of an unexpected event of great magnitude with great historical consequences.

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Why Bitcoin Not Blockchain - Jimmy Song, Giacomo Zucco, Johnny Dilley & Tone Vays

During Building on Bitcoin, Lykle de Vries interviewed Giacomo Zucco about his presentation on Assets on the Bitcoin blockchain. Everything they told you about Bitcoin is a lie Giacomo Zucco - Duration: 19:36. Value of Bitcoin 2,585 views. 19:36 "Darwin's Doubt" with Stephen Meyer - Duration: 1:25:48. In this presentation Giacomo Zucco from BHB Network is stimulating some critical thinking to start the conference with. His assumption: if you are approachin... Value of Bitcoin Conference 1,923 views 39:48 Bitcoin Venezia Meetup / "Bitcoin from basic to investments" L'intervento di Giacomo Zucco - Duration: 46:02. Bitcoin Brief w/ Giacomo Zucco - BTC Privacy & Italian Banks Understanding Bitcoin has been postponed till Oct 1-4 👉 Subscribe so you don't miss the next one...

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