The Antifragility Of Bitcoin
summary
October 1 2013 Silk Road arrest sends price from about $120 down to $85 then sparks a sustained rally to ~$1,200 by December showing demand beyond illicit markets. Mount Gox collapses after sloppy PHP code no cold wallet and VNC access which forces better exchanges and security. August 1 2017 Bitcoin Cash hard fork triggers fears yet market enters a long bull run. Protocol fixes like transaction malleability fixed by SegWit and second layers like Lightning development plus social enforcement against attacks such as selfish mining 33% claim produce antifragility.
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chapters (16)
- 0:00Intro
- 0:43Antifragility
- 2:24Silk Road
- 4:26Bitcoin Cash
- 7:20Examples of technological disorder
- 9:14Transaction Spam
- 13:43Technological Antifragility
- 15:51Economic Disorder
- 18:00Companies Dying
- 24:05Social Antifragility
- 24:21Bitcoin As A Social Movement
- 24:41Tulip Attack
- 27:23Social Gains
- 31:42The Organic Component
- 33:30Zero Guarantees
- 34:23Conclusion
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