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