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I hadn't heard of that book. Thank for mentioning it!
Discusses how adoption by institutions would fundamentally change the security model.
hmmm
Sounds like some hefty reading, but some pretty dope one, too.
Yes, and math-heavy.
The titles of the last 3 chapters - Centralization, Capture and Collapse - sound rather ominous.
Okay, thanks, I'm passing. 😅
Incredible how he has been able to a) learn and understand all of the above, and b) has been able to write a book about it.
Seriously impressive.
It's really a shame that the book hasn't gotten more attention, because it does seem like he has given it a lot of thought. It's understandable though - it's too much for most. But I guess it has too be that way and can't be made more concise.
Well, it's a highly specific and complex part of Bitcoin, what can you expect?
It is, but it's also crucial.
If this specific and complex part has a fault, none of the other parts matter in the grand scheme of things.
What was the reason that he went and sold his stack?
He is a professor of mathematics at university of Oregon. I can’t think of a single academic who has anything favorable to say about bitcoin.
https://www.perplexity.ai/search/micah-warren-bitcoin-CqzEg_OeTamlfI4SW2Gfxw#1
I know and it's something to take into consideration. But still, math is math. However, in Bitcoin it intersects with things that are less objective and less provable.
Regardless, I'd like to read it, because I'm interested in game theory and even if his conclusions are incorrect, learning more on this subject can't hurt, whether I apply it to Bitcoin or other things.
For a lighter introduction there are some videos on Youtube featuring him. From what I remember, some have found them underwhelming.
I still haven't read Micah Warren's book on Bitcoin's game theory, which I understand he found problematic and sold his stack as a result.
Once I have, I may be better able to answer this question.