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Yes, more quizzes are in progress! Can use the free mailing list for updates or just check this forum / Reddit / Twitter for updates

Thanks for the kind words!

Here's what it looks like:

What’s something you think people commonly misunderstand about Trezor?

Working on more content for my website to teach beginners about bitcoin. Right now focused on these methods but eager for feedback.

If any kind soul wants to give me some constructive criticism, I've got some sats to dole out as thanks :)

Yeah fair point - I have gone down that rabbit hole before and came out the other end a bit confused because I don't quite grasp the arguments being made by many bitcoiners that there are quantum resistant measures that can be taken.

I'll absolutely add a footnote about this though because you're right, it's important.

Thanks for flagging! 🧡

This is such a fascinating concept. I don't think enough people have really considered the implications of this.

Imagine a future where, as Jeff Booth predicts, prices truly fall to the marginal cost of production because of early stage AGI.

What happens in later stages when AI becomes superintelligent and wants to get paid? Bitcoin would definitely make sense as an Internet native, hyper-secure and timeless protocol to use.

In the future, superintelligent AI might set the prices of the economy, leading to the final stage of bitcoin's monetization: the fabled "unit of account" realm.

Too much fun to think about.

Thank you! I always enjoy your comments on here, glad you liked our article!

Over the past three days:

Feeling good 💪 Teaching beginners about bitcoin is too much fun!

What better day to stack sats than a saturday

Thank you so much 🙏🧡

As I understand it, the impetus for revived debate is that there was a recent change to Bitcoin Core having to do with RBF and some disagree with the change.

I’ve seen several “pieces” of both arguments but still struggling to find a good comprehensive overview of the entire disagreement.

Got any favorite bitcoin quotes?

We just built a random quote generator for our quiz page. Right now it features only quotes from Satoshi, but it would be great to include more, so any suggestions are welcome! Thanks 🧡

Amazing job - that's the first perfect score so far!

Just fixed that, thanks! Please let us know if you have any other feedback :)

70% is not bad at all! Hope you had fun, stay tuned for more to come :)

This article has been updated to fix an error pointed out by one of our readers!

Miner fees are not UTXOs! They are just the leftover amount from each transaction after outputs are accounted for. They are paid to miners as part of the coinbase transaction.

Thanks for reading :)

With all the talk about proof-of-stake these days, it's worthwhile to refocus on what makes Bitcoin unique and successful: proof-of-work (PoW).

Beginner-friendly, in-depth, with diagrams and illustrations included!

Proof-of-work (PoW) is just what it sounds like: proof that work has been done. "Work" refers to spent energy. PoW is self-evident and you see it every day: a hot coffee is proof-of-heating and footprints in the snow are proof-of-walking.

Adam Back's Hashcash from 1997 was the first major implementation of PoW in a distributed network, which used it to combat email spam. Satoshi Nakamoto's Bitcoin from 2008 requires miners to present PoW to the network before their mined blocks can be added to the blockchain. Both systems utilize a specific type of work called hashing, which involves randomly guessing inputs until an acceptable output is found. Hashes are costly to produce but easy to verify, making them an ideal form of PoW for bitcoin.

Nakamoto realized proof-of-work is the key to solving a longstanding paradox in distributed data systems, known as The Byzantine Generals' Problem. Each computer (node) must find a provably difficult target hash, recalibrated every two weeks to ensure blocks are generated every ten minutes on average. Nodes always choose the longest chain––a rule known now as Nakamoto Consensus, which ensures consensus with sufficient time passed and work done.

The bitcoin mining process consists of five steps: