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Bitcoin 101 Series

Bitcoin 101: Bitcoin, Not Crypto
In Proof-of-Work vs.
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Zack Morris
Bitcoin 101: Proof-of-Work vs. Proof-of-Stake
In 51% Attack, we introduced the related ideas that:
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Zack Morris
Bitcoin 101: 51% Attack
In discussing bitcoin’s Security Budget, we introduced the concept of a “51% attack.”
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Zack Morris
Bitcoin 101: Proof-of-Work
In discussing the simple genius of the Difficulty Adjustment, we introduced the topic of Proof-of-Work.
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Zack Morris
Bitcoin 101: Difficulty Adjustment
In 21 Million we learned that one prong of bitcoin’s simple three-pronged approach to monetary policy is that new bitcoin is released to the market…
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Zack Morris
Bitcoin 101: Security Budget
When discussing the Block Subsidy, we learned that the block subsidy serves two primary functions:
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Zack Morris
Bitcoin 101: Fair Distribution
When learning about the block subsidy, we posed the following question:
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Zack Morris
Bitcoin 101: The Block Subsidy
In 21 Million we discussed how the block subsidy is how bitcoin implements one prong of its monetary policy – its predetermined release schedule (number…
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Zack Morris
Bitcoin 101: 21 Million
In What Is Bitcoin, we asked how we can be sure there will only ever be 21 million bitcoin?
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Zack Morris
Bitcoin 101: What Is Bitcoin?
Bitcoin is many things. First off, bitcoin is a peer-to-peer electronic cash system. This is the definition its inventor(s), Satoshi Nakamoto, assigned…
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Zack Morris
Bitcoin 101: Why Fiat Won
In Why Gold Won? we talked about how commodity money ledgers are governed by nature.
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Zack Morris
Bitcoin 101: Why Gold Won
Why Did Gold Win?
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Zack Morris
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