The Sat Standard - November 7th, 2020

This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

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The Sat Standard - November 7th, 2020
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Thought of the week from Marty Bent:
The FUD is about to turn up with the Bitcoin price. Be prepared to combat the low-knowledge "bitcoin is for drug dealers", "Bitcoin is boiling the oceans", and "Bitcoin will lead to a deflationary spiral" types. Luckily, we are better prepared than ever to completely destroy these weak talking points.

Thought of the week from Matt Odell:
2013: accept bitcoin for goods and services but immediately convert it to USD

2020: accept USD for goods and services but immediately convert it to bitcoin


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Rabbit Hole Recap - Thursday


Ryan Gentry

  • Austin, Texas
  • Ryan's time at Intel
  • Chip fabs
  • Proof of Work as an essential component of cryptocurrencies
  • The Order of Operations necessary to create a truly distributed cryptocurrency
  • Reading white papers
  • Will Ethereum scale?
  • Lightning Pool
  • Shadow Pools
  • A LN yield curve

Tom Trevethan

  • Statechains
  • Mercury Wallet
  • Trust tradeoffs
  • Privacy gains
  • Fee structure
  • Custodial tradeoff
  • Use cases

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