Why do some free and open source software projects succeed when others fail? Because they are simple, resource-lean, and run-anywhere; they have the properties of a computer virus. Built in that mold, Bitcoin continues to see transaction growth despite the pause in price appreciation, even outdoing the Venezeulan stock market for daily volume. Yes, we've been hitting the Venezuelan success story repeatedly of late, but for good reason: it drives home the truth that currency and capital markets are technologies of civilization, not mere gaming venues, and their design must be taken seriously.
Most people are capable of building systems that are twice a complex as the systems they are capable of maintaining.— ⚡ 💓 ⚡ andrew turley ⚡ 💓 ⚡ (@casio_juarez) February 11, 2019
During the bear market of the past year, the # BTC transactions/day has actually increased 65% https://t.co/udS9bgtJTb— Steve Lee (@moneyball) February 11, 2019
Venezuela's P2P Bitcoin market does 157x the volume of their largest stock exchange.— Kevin Rooke (@kerooke) February 11, 2019
Venezuela's top stock exchange did $8,117 of trading volume on Friday.
Not a typo. $8,117 USD.
Venezuelans traded an avg of $1.28M of Bitcoin on LocalBitcoins each day this week. pic.twitter.com/Uu4Ed2B9V3
Attack of the week: searchable encryption and the ever-expanding leakage function
"It isn’t so much about building encrypted databases, as it is about the risks of building them badly. And — for reasons I will get into shortly — there have been a lot of badly-constructed encrypted database schemes going around. What GLMP point out is that this weakness isn’t so much a knock against the authors of those schemes, but rather, an indication that they may just be trying to do the impossible."
Data is not the new oil
"Sitting on a pool of data doesn’t turn a company into a high-tech Saudi Arabia. In a networked world, long-term advantage comes from maintaining a pace of innovation that keeps you abreast of tech trends and ahead of customer needs."
SLP52 Jack Dorsey & Elizabeth Stark – Bitcoin: Native Currency of the Internet
"Jack Dorsey (CEO of Twitter & CEO of Square) & Elizabeth Stark (CEO of Lightning Labs) join me to talk about the vision of Bitcoin as native currency of the internet. Bitcoin’s principles, resilience, and being ‘of the internet’ are what make it special."
Mozilla to add cryptomining blocking to Firefox browser
"This new feature will give Firefox users the ability to block cryptomining software, protecting them from possible crypto-jacking attacks, that may use their CPU resources to mine cryptocurrencies without their consent."
Whitfield Diffie on the History of Cryptography
"In this episode, I talk with legend of cryptography, Whitfield Diffie. Whit was working on cryptography long before Bitcoin existed, building the foundations for which Bitcoin relies upon. We discuss his history, Bitcoin and his views on privacy."