Matonis last podcast interview with David Birch is an excellent example of his clarity of thinking and his ability to answer difficult questions. Do you happen to have a link. I'd love to listen |
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Definitely worth the $10 you were initially charging, judging from watching about 45 minutes of a few lectures. Great intro. Appropriate depth. Strong work. I'll eventually charge for it again. But right now my focus is on getting as much feedback as possible from the community to make this course perfect. I am so tired of the media and people online due to ignorance claiming the bitcoin is a ponzi scheme. We need something to hit back with for the mainstream. Once I charge for the course. I'll be donating 10% of the proceeds to the Bitcoin foundation in Bitcoins. I'll publish the donation logs in the course supplemental material section. |
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I'd be interested in a course with a bit more math. One similar to the cryptology course on coursera but focusing on bitcoin. By the end of the course I would want to be able to code my own coin. See: And put a request in |
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But your setting the barrier to entry at $9 so how I am I suppose to point someone there to learn if it cost money, most people will not pay to learn about a new concept they may never touch again You haven't been keeping up to date  I appreciate you making it free.
Sadly, I simply do not have the patience to listen to _anyone_ talk for nine hours.
Now if your course had the same information presented a text / graphic form (think text book), I would be happy to read and review it for you.
I would likely also be able to do so in much less than the 9 hours of video you are presenting... Phase 1 is developing a core set of information that is accurate, reliable and easy to understand. Phase 2 is to port this information into other formats like a book or audio only for example. This is a long term project. |
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I will view the course, I certainly do not know all I wish too about btc ,
I wish to offer support to you and anyone else helping to get out the real concept of btc. I get angry everytime I see a blip on CNBC or other news, it seems like they all have a vested interstate in portraying btc as negatively as possible. Cudos to anyone spreading more truth about btc to the public at large. Thank you. My goal is to build something the community can universally adopt. So when someone asks about the bitcoin, you can give them a single link and all will be explained. |
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I've decided to make the course free for now.
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Also cold storage coins would also suffer the same fate. It's not suppose to be a perfect metric. It is giving an effective bound on deflation from money taken out of normal circulation
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If you really think that, then you have no need to promote anarchy along with Bitcoin - you'll get the same result faster just by keeping your expected end result secret.
(I do disagree, however, with your assessment) Do the police and military work for free? Does the government get its weapons for free? Are the courts filled with volunteers. People have to be paid and the government pays them. It controls the underlying asset and thus can compel people with it. They cannot control the Bitcoin and will have to live within the means of the people it taxes instead of just printing more money. |
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But neither gunpowder nor bitcoin necessarily imply change in government.
War innovation changes war. Money innovation changes money.
For an inherent change in government, you need political innovation - that's not Bitcoin. Money is the tool upon which governments control things. If they lose control of it, then they lose their power |
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The question is can we build a probability distribution that asserts within a confidence interval the chance a coin is dead. It should approach 100% after some set of iterations
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But Bitcoin is not a political revolution. Projecting such things onto Bitcoin is precisely why Matonis should not be included in the press center.
Bitcoin is a technological revolution, like asymmetric cryptography or global networking. You might want to think a little more deeply about what the bitcoin implies. Currently money is well regulated and controlled by a cabal of secret bankers who are accountable to no one. All monies are inflationary and fiat. The Bitcoin is nearly the polar opposite of the world's money system. If it succeeds, then it will have an enormous impact on the creditability and faith in central banks. Gunpowder was an incredible scientific accomplishment, but its real impact was forever changing war. The Bitcoin will forever change money if it succeeds. |
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Under spectulation I would welcome a model for the "real" worth of bitcoin.
How do you price the various risks? Risk is generally modeled and traded using options. The issue is that Bitcoin isn't compatible with regular forex models and risks associated with currency are not well understood. We would need to invent risk metrics, which will be done as financial institutions start developing options for the Bitcoin. |
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if you are trying to find "impossible" addresses, you could look for patterns and stuff that looks like words(ie, non-random). Bitcoin addresses do have a verification scheme built in that removes nearly all impossible patterns (1 in 4 billion change of failure). However, I am looking for addresses that were once legitimate and have received money, but the private key has been lost |
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Why? I certainly have no need to know.
If you're interested, by all means, carry on with trying to find a suitable metric (although I wish you luck on that...) but just know that any proposal that has someone try to "resurrect" (i.e., steal) my stored coins, or anyone else's, will probably end poorly. Because I'm a mathematician and I enjoy economics. If the Bitcoin is to be studied academically and effect change in global monetary policy, then we need to understand fundamental things such as the rate of coin loss and better metrics for transaction volume. This is why bitcoin days destroyed was developed and why I'm designing a death metric for coins. A recycling scheme would require a hard fork. We both know that isn't going to happen. Especially considering cold storage is popular. |
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We need to understand the impact coins that are inaccessible to the network will have on deflation
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And yes there is an influence on the market once a coin has become dead, then supply is reduced. For a single transaction this isn't an issue, but we need to measure the rate at which this happens.
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That's why it has to be a probabilistic measure based upon historical transaction rates combined with the time in storage. It is impossible to assert a deterministic difference between a bitcoin in cold storage and a bitcoin that is dead.
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