This week, I – Hasu – talk to Andre Cronje, a long-time DeFi developer, and creator of Yearn Finance. You can think of Yearn as
The concept of the intolerant minority is frequently misapplied in Bitcoin. Bitcoin is less defended by an intolerant minority than it defends against an intolerant minority.
Howdy! I just want to catch you up on some of the work Su and I have been publishing outside of UCC.
I went on the Unhashed Podcast to discuss the findings from our recent paper on Bitcoin’s security model. If you are looking for a less formal entry point to the topic of Bitcoin’s security, or have already read the paper and want to hear more, this show is for you.
Su and I have recently joined Deribit, a cryptocurrency futures & options exchange. At Deribit, we will build out a new research publication called Deribit Insights, following in the footsteps of excellent publications like BitMEX Research, Circle Research (now closed down), and Binance Research. We retain editorial control and will publish one new report every week.
In this paper, we introduce our model of Bitcoin’s security, which depends on a surprisingly small number of factors. We find that Bitcoin can tolerate a high incentive to attack today, but the declining block subsidy poses a substantial risk for the future.
Copyright 2019 Uncommon Core