In this talk, Andreas introduces newcomers to the emerging scientific specialty of "forkology," or the study of forks, how blockchain ecosystems change over time, and the game theory of competing consensus models. He covers not only the various types of forks but the agents involved in consensus evolution, grappling in this crazy new world where the traditional menus will no longer do.
This talk took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia:
https://antonopoulos.com/event/blockchain-professionals-sydney/Chapters
0:38 - The journey into open public blockchains
2:30 - Price increase brings newbies to the rabbit hole
3:45 - The confusing landscape of forks
4:27 - What is a fork? A divergence in perspective
6:08 - No central authority to determine everyone's perspective
7:40 - Growing the chain, block by block
8:45 - Accidental vs. deliberate forks, 51% attacks
9:35 - Hard forks vs. soft forks and changes to consensus rules
11:15 - Open blockchain ecosystems as restaurants
15:05 - No one's in charge, but everyone has to work together
15:42 - Miner-activated vs. user-activated forks
16:25 - User-activated soft fork (UASF) or BIP148
18:28 - Tensions around assertions of power
19:35 - Forking event: risks of double-spend, wipeout, two Bitcoins
24:15 - A game of chicken, throwing the steering wheel away
25:18 - This sounds crazy! Is it all worth it?
QUESTION & ANSWER:
Scaling is a moving target -
https://youtu.be/pT9kJq_OgrkICOs and financial regulation -
https://youtu.be/Plu_WX3Gs8EIs Bitcoin a democracy? -
https://youtu.be/TC3Hq76UT5gGlobal financial crisis (GFC) -
https://youtu.be/JU3gNC_ZPKMRELATED:
What is a fork? -
https://youtu.be/QwEDtdkV3Q4What happens to our bitcoins during a hard fork? -
https://youtu.be/sNR76fWd7-0The dangers of hard forks in protocol evolution -
https://youtu.be/vxEHRvhJKvAHard forks and the cultural mulligan -
https://youtu.be/KT-7APasANIOpen source as cross-pollination & consensus through collaboration -
https://youtu.be/JTHV6PA-Dw8The Lion and the Shark: Divergent Evolution in Cryptocurrency -
https://youtu.be/d0x6CtD8iq4Bitcoin: A new species of money - an evolutionary perspective on currency -
https://youtu.be/G-25w7Zh8zkEvolving layered technologies in cryptocurrecy -
https://youtu.be/13Iff4d3p3kThe Scaling Rites of Passage -
https://youtu.be/rZi86_ovB3YEthereum: Consensus vs. Immutability -
https://youtu.be/OGGW9ozE-ysLTB Live: TheDAO, ETH, Soft-Fork, DoS and what's next -
https://youtu.be/epWjD6mlBVsUnlimited vs. Cypherpunks -
https://youtu.be/5adgo4-32HUAndreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop
https://twitter.com/aantonopWebsite:
https://antonopoulos.com/He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1:
https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8MASTERING BITCOIN:
https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042[NEW] MASTERING BITCOIN, 2nd Edition:
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron:
https://www.patreon.com/aantonopOutro Music: "Unbounded" by Orfan (
https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (
http://www.phneep.com/)
Outro Art: Rock Barcellos (
http://www.rockincomics.com.br/)
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