It was about 9 pages and I needed cliff notes to read it. I think with the cliff notes I understood about 60% of it. It cleared up a few questions and provoked a few more. It made me realize just how little I know about both technology and economics. Some of you guys really know your stuff!
The main takeaway is that I know understand what a proof-of-work is - a computer solves a puzzle and we know the coin is legit. Now to learn what all the other proof-of’s are.
It also helped me to understand why bitcoin became such a big thing in the circles that it did and a little more about the mindset of the crypto scene. It was also interesting to imagine talking about blockchain when it was the only one around.
I still don’t really understand how coins and blocks interact with each other, how many transactions fit on one block, what happens if you are the first or last transaction on a block, or how bitcoins first started being traded, like if you wanted to buy a btc before these markets were around, how did you do it, and where did that coin come from? Did the miner sell it or was it generated somehow from somewhere?
Tomorrow I’ll try to (finally) read the Steem whitepaper.
That’s 35 F-ing pages, I sure hope it’s easier to understand.
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Too much crypto excitement today. I don’t really have the concentration tovwrite about anything else. I did pretty well with Tron and Enjin. I didn’t have much invested cause I barely had anything to invest, but it felt good to hold twocof the biggest movers today. I moved my gains in Tron to bitshares and iota, but I hope to move them back when the price drops. I kept Enjin where it is. What do you think of this move?
Hopefully I’ll be back to creativity and steeming tomorrow!
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