The document discusses the history and key concepts of cryptocurrencies like Bitcoin. It begins with the early years of Bitcoin from 2008-2017 and the dramatic rise in its value. It then covers the major innovations that make cryptocurrencies possible, including blockchain technology, cryptography, peer-to-peer networks, and proof-of-work. The summary explains the essential functions of these concepts and how they work together to create a decentralized and secure system for digital value transfer.
20. “I’ve been working on a new electronic
cash system that is fully peer to peer,
with no trusted third party”
- Satoshi Nakamoto,
Bitcoin P2P e-cash paper, 01/11/2008
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113. The essence of Bitcoin:
•The ability to operate in a decentralized
way without having to trust anyone.
•Decentralized security through
computation. This has not yet sunk in.
•The First Market Based Security Model.
Incentives and punishments ensure
trust in the platform as a neutral arbiter.
•Bitcoin revolutionize trust.
142. • From bartering to precious metal
• From precious metal to paper money
• From paper money to plastic cards
• From plastic cards to Bitcoin
Évolution de l’argent
148. Dunbar number, how many people
can cooperate in a tribe (150).
Language, religions, and money, are
tools that helps us cooperate.
Money is a language
186. • How many people voted?
• Did they already vote?
• Was their vote recorded properly?
• Did their vote reflect their intention?
• How can we audit it all later, easily and
quickly?
• Can we trust that audit?
187. Democracy is the worst
form of government, except
for all the others - Churchill
237. • Si tu perds ta clé, tes coins sont perdu
pour toujours.
• Si quelqu’un trouve ta clé, ils vont te
voler tes coins.
• Si tu envois tes coins à une addressee
qui n’existe pas, ils sont perdu pour
toujours.
• Si tu envois tes coins à la mauvaise
addresse, ils sont perdu pour toujours.
Crypto is unforgiving
238. Envoyé 4000$ à la
mauvaise adresse à cause
d’un mis spell.
Payé ses frais étudiants avec crypto mais.
256. Questions courrantes
• Why is crypto useful for me?
• Where to buy crypto?
• Which one to buy?
• How gas work?
• Transferring using public keys
• Managing public and private keys
• How to download a wallet
• Time it takes for to transfert
258. Confiance
• Trust is the most important when designing App
• Make it friendly
• Constant feedback (can be slow, long
processing, let them know that its in the work and
expected time)
• Guide users away from errors (clarity, review
actions)
• Show the finish line
• Avoid jargon (blockchain concepts aren’t known
to regular people, ex: deploy, blockchain, etc).
265. People buy gold
coins on ebay
There are no coins in bitcoin. There is no wallet, no addresse. All of the terms are
broken. From a design perspective, all the metaphors are wrong and inform the
wrong expectations.