Thursday, January 25, 2018

Bitcoin Q&A: Layered scaling and privacy

How should Bitcoin, as a network protocol, be scaled through a layered architecture? One of the fundamental principles of network protocol design is to have separation between the layers so they don't bleed into each other with unintended side-effects. These are the same principles in software engineering, where your goal is to create functions that first do one thing as simply as possible, and the build more complex abstractions using those primitives (once they are proven reliable). This ensures predictability of performance and security. When the internet and World Wide Web were built, the layers were not quite as separate as they should have been; the consequence is an immeasurable lack of privacy (or "fungibility of packets"). Retro-fitting it on top has not been easy or effective.
This talk took place at the Riga Art Space for the Baltic Honeybadger conference on November 25th 2017 in Riga, Latvia:
Watch the rest of the talk here:
Scaling complex systems -
The internet will eat your business -
Delivering Liberty, At Scale -
Bitcoin, Payment Security, and Consumer Protection -
Worse Than Useless: Financial Surveillance -
The Killer App: Engineering the Properties of Money -
Beyond Price: Bitcoin's Impact on the Future -
Introduction to the Internet of Money -
Altcoins and the scaling debate -
Scaling is a moving target -
Scaling, trust, and trade-offs -
From barter to abstract money -
Fungibility, privacy, anonymity -
Coinbase vs. the IRS -
Could governments take over exchanges? -
Alternatives to centralised exchanges -
HODLing and the "get free" scheme -
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Highlights from "The Internet of Money" (Volume 2):
Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron:
Music: "Unbounded" by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (

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Item Reviewed: Bitcoin Q&A: Layered scaling and privacy Rating: 5 Reviewed By: BUXONE