Bitcoin, Proof of Work, and The Future of War with Adam Back & Jason Lowery (WIM175)

Adam Back, co-founder & CEO of Blockstream & the Inventor of HashCash, and Jason Lowery from the US Space Force join me for an incredible conversation around Adam's invention of "Proof of Work," the impact of Bitcoin on war-fighting, the future of power projection strategies.Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanbitcoin.com/private/GuestAdam Back's Twitter Account: https://twitter.com/Adam3usJason Lowery's Twitter Account: https://twitter.com/JasonPLoweryPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYI Outline00:00:00 “What is Money” Intro00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:01:37 Jason Lowry & Adam Back Intro00:02:34 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 Adjustment00:20:39 How Adam Defines “Expensive” in HashCash’s Protocol00:24:27 Creating a “Trap Door Free” Cost Function00:30:07 The Origin of the Term, “Proof Of Work”00:35:54 Cost Association with Proof of Work00:46:29 Explaining Proof of Work & Hash Functions00:48:27 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 Energy01:07:21 Explaining the “Byzantine Generals Problem”01:12:04 Bitcoin taking the “Rules of Man” out of Trust01:18:42 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 Bitcoin01:30:07 Bitcoin Immutability & Trust01:33:10 Defining the “Resource War”01:39:23 Brute Force, Power Projection & the State01:42:58 History from Kinetic Hardware to Computational Software01:56:11 Bitcoin’s Protocol Incentivizing Coordination amongst users02:03:30 Could Bitcoin Reduce Warfare?02:11:40 Can Bitcoins Protocol be Exploited?02:21:08 “Unbounded Cost”, Trying to 51% Attack Bitcoin02:28:37 The Future of “SoftWar” & Bitcoin Mutually Assured Defense02:36:04 Drone Warfare vs Bitcoin, Brute Force Power Projection02:38:58 Darwinism & Mans need for Competition02:46:44 Bitcoin Non-Lethal & Peaceful Protocol02:55:47 Where to find Jason & Adam’s Work & Social Media02:56:40 “What is Money” OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22 WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSESSwan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanbitcoin.com/private/CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedloveOkcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedloveJoin Me At Bitcoin 2023, pre-order your tickets now (discount code BREEDLOVE): https://b.tc/conference/2023Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/