March 23, 2023

Bitcoin’s history deserves to be better preserved

Much of Bitcoin’s development has happened in the open in a transparent manner through the mailing list and the bitcoin-dev IRC channel. The third-party website BitcoinStats maintains logs of the bitcoin-dev IRC chats. [1] This resource has proved useful is linked to by other sources such as the Bitcoin wiki. When reading a blog post […]

The Princeton Bitcoin textbook is now freely available

The first complete draft of the Princeton Bitcoin textbook is now freely available. We’re very happy with how the book turned out: it’s comprehensive, at over 300 pages, but has a conversational style that keeps it readable. If you’re looking to truly understand how Bitcoin works at a technical level and have a basic familiarity […]

Provisions: how Bitcoin exchanges can prove their solvency

Millions of Bitcoin users store their bitcoins with online exchanges (e.g. Coinbase, Kraken) which store bitcoins on their customers’ behalf. They present an interface that looks somewhat like an online bank, allowing users to log in and request payments to other users or withdrawals. For many users this approach makes a lot more sense than the traditional approach of storing private keys on your laptop or phone […]

“Private blockchain” is just a confusing name for a shared database

Banks and financial institutions seem to be all over the blockchain. It seems they agree with the Bitcoin community that the technology behind Bitcoin can provide an efficient platform for settlement and for issuing digital assets. Curiously, though, they seem to shy away from Bitcoin itself. Instead, they want something they have more control over and doesn’t […]

Bitcoin course available on Coursera; textbook is now official

Earlier this year we made our online course on Bitcoin publicly available — 11 video lectures and draft chapters of our textbook-in-progress, including exercises. The response has been very positive: numerous students have sent us thanks, comments, feedback, and a few error corrections. We’ve heard that our materials are being used in courses at a few […]