Two Confirmations | Crypto Over Coffee

In this episode we cover a simple and straightforward way of understanding Bitcoin, called the Blockchain Trilemma. Thomas Sowell once said, "There are no solutions only tradeoffs" and this is especially true for Blockchains. In this trilemma, there can only be two of these three factors: Decentralization, Security, Scalability Each of these are a gradient between extremes. Decentralization in blockchains relate to how much a project aligns with each of these factors: -permissionless, anyone...

Are you really excited about blockchain, but not to sure about bitcoin? Paul and Chris dive into why we believe the technology and the specific implementation of bitcoin will last. To highlight some of the aspects we think make Bitcoin special, we bring up a hot new project, the JP Morgan Coin. Centralization is a major distinguishing factor between Bitcoin and the stablecoin from JP Morgan. Another factor is the distribution of validators and nodes that decide what transactions get added to...

This episode we discuss several consensus models, a bit of how they work, but more importantly how consensus models contribute to a projects decentralization and why that matters. Proof of work, and proof of stake are two primary examples of consensus models, but each have tradeoffs. Nodes can be organized in 3 ways, centralized, distributed, and decentralized. There are some negative effects to distributed networks. Upgrading the network can be a challenge, because there is no way to...

Current systems are broken, and you may not always realize that is true until you see a better alternative. In this episode, we dive into some of the solutions out there, and how they solve the current problems. Some Problems: Centralized systems create honeypots for hackers to attack. -Lack of control of your own data (facebook and Cambridge Analytica) -Financial systems, your bank is a trusted third party. In countries where you 'basically' trust the government, this problem does not come...

We open this podcast sharing the stories behind how we got into crypto/bitcoin, then share the meaning behind our podcast name Two Confirmations and how that relates to the way bitcoin transactions work. The meat of this episode is devoted to decentralization and what that means. To understand decentralization, we first give examples of centralization and trusted third parties, and how decentralization in a project like bitcoin is different. Andreas Antonopoulos talk on Remittances:...