Outline

00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Jason Lowry & Adam Back Intro
00:02:34 What is HashCash?
00:10:36 What does a “Collision” mean?
00:13:01 Explaining the “Birthday Example”
00:15:44 Differences between HashCash Stamping & Bitcoin’s Difficulty Adjustment
00:20:39 How Adam Defines “Expensive” in HashCash’s Protocol
00:24:27 Creating a “Trap Door Free” Cost Function
00:30:07 The Origin of the Term, “Proof Of Work”
00:35:54 Cost Association with Proof of Work
00:46:29 Explaining Proof of Work & Hash Functions
00:48:27 When did Adam realize how Important Proof Of Work is?
00:54:40 Why do Stable-coin Protocols Fail?
00:58:41 Taking “Brute Force” Power away from Kinetic Energy to Electrical Energy
01:07:21 Explaining the “Byzantine Generals Problem”
01:12:04 Bitcoin taking the “Rules of Man” out of Trust
01:18:42 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine!
01:19:28 Take Control of Your Healthcare with CrowdHealth!
01:20:36 How do you Enforce Rules without Trust?
01:25:41 Skepticism & Questioning Bitcoin
01:30:07 Bitcoin Immutability & Trust
01:33:10 Defining the “Resource War”
01:39:23 Brute Force, Power Projection & the State
01:42:58 History from Kinetic Hardware to Computational Software
01:56:11 Bitcoin’s Protocol Incentivizing Coordination amongst users
02:03:30 Could Bitcoin Reduce Warfare?
02:11:40 Can Bitcoins Protocol be Exploited?
02:21:08 “Unbounded Cost”, Trying to 51% Attack Bitcoin
02:28:37 The Future of “SoftWar” & Bitcoin Mutually Assured Defense
02:36:04 Drone Warfare vs Bitcoin, Brute Force Power Projection
02:38:58 Darwinism & Mans need for Competition
02:46:44 Bitcoin Non-Lethal & Peaceful Protocol
02:55:47 Where to find Jason & Adam’s Work & Social Media
02:56:40 “What is Money” Outro