{"id":114,"date":"2017-06-28T20:45:55","date_gmt":"2017-06-28T20:45:55","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?page_id=114"},"modified":"2017-11-24T08:38:53","modified_gmt":"2017-11-24T08:38:53","slug":"table-of-contents","status":"publish","type":"page","link":"https:\/\/davidgerard.co.uk\/blockchain\/table-of-contents\/","title":{"rendered":"Table of Contents"},"content":{"rendered":"<p style=\"text-align: center;\"><i>From the print edition (<a href=\"http:\/\/amzn.to\/2xSxs1e\">US<\/a>, <a href=\"http:\/\/amzn.to\/2iW7kzW\">UK<\/a>)<\/i><\/p>\n<ul>\n<li><strong>A Bitcoin FAQ <em>7<\/em><br \/>\n<\/strong><\/li>\n<li><strong>Introduction <em>9<\/em><br \/>\n<\/strong><\/li>\n<li><strong>Chapter 1: What is a bitcoin? <em>11<\/em><\/strong>\n<ul>\n<li>Why Bitcoin? <em>11<\/em><\/li>\n<li>What you have when you have \u201ca bitcoin\u201d <em>11<\/em><\/li>\n<li>The blockchain<em> 13<br \/>\n<\/em><\/li>\n<li>Secured by waste: Proof of Work <em>13<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 2: The Bitcoin ideology <em>17<\/em><\/strong>\n<ul>\n<li>Libertarianism and cyberlibertarianism <em>17<\/em><\/li>\n<li>Pre-Bitcoin anonymous payment channels <em>18<\/em><\/li>\n<li>The prehistory of cryptocurrencies <em>19<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/the-conspiracist-gold-bug-economics-of-bitcoin\/\">The conspiracy theory economics of Bitcoin<\/a><\/em><\/strong><em> 20<\/em><\/li>\n<li>Austrian economics <em>23<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 3: The incredible promises of Bitcoin! <em>25<\/em><\/strong>\n<ul>\n<li>Decentralised! Secured by math! <em>25<\/em><\/li>\n<li>Anonymous!<em> 26<br \/>\n<\/em><\/li>\n<li>Instant! No fees! <em>26<\/em><\/li>\n<li>No chargebacks! <em>26<\/em><\/li>\n<li>Be your own bank! <em>27<\/em><\/li>\n<li>Better than Visa, PayPal or Western Union! <em>28<\/em><\/li>\n<li>Remittances! <em>28<\/em><\/li>\n<li>Bank the unbanked! <em>29<\/em><\/li>\n<li>Economic equality! <em>30<\/em><\/li>\n<li>The supply is limited! The price can only go up! <em>31<\/em><\/li>\n<li>But Bitcoin saved Venezuela! <em>31<\/em><\/li>\n<li>When the economy collapses, Bitcoin will save you! <em>32<\/em><\/li>\n<li>You can use Bitcoin to buy drugs on the Internet! <em>33<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 4: Early Bitcoin: the rise to the first bubble <em>35<\/em><\/strong>\n<ul>\n<li>The tulip bulb era <em>35<\/em><\/li>\n<li>The art of the steal <em>38<\/em><\/li>\n<li>Pirateat40: Bitcoin Savings &amp; Trust <em>40<\/em><\/li>\n<li>Bitcoin exchanges: keep your money in a sock under someone else\u2019s bed <em>42<\/em><\/li>\n<li>The rise and fall of Mt. Gox <em>44<\/em><\/li>\n<li>Drugs and the Darknet: The Silk Road <em>48<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 5: How Bitcoin mining centralised <em>55<\/em><\/strong>\n<ul>\n<li>The firetrap era <em>55<\/em><\/li>\n<li>Abusing your hashpower for fun and profit <em>57<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 6: Who is Satoshi Nakamoto? <em>59<\/em><\/strong>\n<ul>\n<li>Searching for Satoshi <em>59<\/em><\/li>\n<li>Dorian Nakamoto <em>60<\/em><\/li>\n<li>Professor Dr Dr Craig Wright: Nakamoto Dundee. That\u2019s not a signature. <em>61<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 7: Spending bitcoins in 2017 <em>69<\/em><\/strong>\n<ul>\n<li>Bitcoin is full: the transaction clog <em>69<\/em><\/li>\n<li>Bitcoin for drugs: welcome to the darknet <em>71<\/em><\/li>\n<li>Ransomware <em>72<\/em><\/li>\n<li>Non-illegal goods and services <em>74<\/em><\/li>\n<li>Case study: Individual Pubs <em>78<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 8: Trading bitcoins in 2017: the second crypto bubble <em>81<\/em><\/strong>\n<ul>\n<li>How to get bitcoins <em>81<\/em><\/li>\n<li>From the first bubble to the second <em>82<\/em><\/li>\n<li>Bitfinex: the hack, the bank block and the second bubble <em>83<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 9: Altcoins <em>91<\/em><\/strong>\n<ul>\n<li>Litecoin <em>92<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/dogecoin\/\">Dogecoin<\/a><\/em><\/strong> <em>92<\/em><\/li>\n<li>Ethereum <em>94<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/buterins-quantum-quest\/\">Buterin\u2019s quantum quest<\/a><\/em><\/strong> <em>96<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/icos-magic-beans-and-bubble-machines\/\">ICOs: magic beans and bubble machines<\/a><\/em><\/strong> <em>97<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 10: Smart contracts, stupid humans <em>101<\/em><\/strong>\n<ul>\n<li><em>Dr. Strangelove<\/em>, but on the blockchain <em>101<\/em><\/li>\n<li>So who wants smart contracts, anyway? <em>102<\/em><\/li>\n<li>Legal code is not computer code <em>102<\/em><\/li>\n<li>The oracle problem: garbage in, garbage out <em>103<\/em><\/li>\n<li>Immutability: make your mistakes unfixable <em>105<\/em><\/li>\n<li>Immutability: the enemy of good software engineering <em>105<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/ethereum-smart-contracts-in-practice\/\">Ethereum smart contracts in practice<\/a><\/em><\/strong> <em>106<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/the-dao\/\">The DAO: the steadfast iron will of unstoppable code<\/a><\/em><\/strong> <em>108<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 11: Business bafflegab, but on the Blockchain <em>111<\/em><\/strong>\n<ul>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/business-bafflegab-but-on-the-blockchain\/\">What can Blockchain do for me?<\/a><\/em><\/strong> <em>112<\/em><\/li>\n<li>But all these companies are using Blockchain now! <em>114<\/em><\/li>\n<li>Blockchains won\u2019t clean up your data for you <em>115<\/em><\/li>\n<li>Six questions to ask your blockchain salesman <em>117<\/em><\/li>\n<li>Security threat models <em>118<\/em><\/li>\n<li>Permissioned blockchains <em>119<\/em><\/li>\n<li>Beneficiaries of business Blockchain <em>120<\/em><\/li>\n<li>Non-beneficiaries of business Blockchain <em>121<\/em><\/li>\n<li>\u201cBlockchain\u201d products you can buy! <em>121<\/em><\/li>\n<li>UK Government Office for Science: \u201cDistributed Ledger Technology: beyond block chain\u201d <em>123<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chapter 12: Case study: Why you can\u2019t put the music industry on a blockchain <em>125<\/em><\/strong>\n<ul>\n<li>The rights management quagmire <em>125<\/em><\/li>\n<li>Getting paid for your song <em>126<\/em><\/li>\n<li>The record industry\u2019s loss of control and the streaming apocalypse <em>127<\/em><\/li>\n<li>Berklee Rethink and blockchain dreams <em>128<\/em><\/li>\n<li><strong><em><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/imogen-heap-tiny-human-total-sales-133-20\/\">Imogen Heap: \u201cTiny Human\u201d. Total sales: $133.20<\/a><\/em><\/strong> <em>129<\/em><\/li>\n<li>Why blockchains are a bad fit for music <em>131<\/em><\/li>\n<li>Attempts to make sense of the hype <em>132<\/em><\/li>\n<li>Other musical blockchain initiatives <em>134<\/em><\/li>\n<li>SingularDTV <em>136<\/em><\/li>\n<li>Summary <em>137<\/em><\/li>\n<\/ul>\n<\/li>\n<li><strong>Conclusion <em>139<\/em><\/strong><\/li>\n<li><strong>Further reading <em>141<\/em><\/strong><\/li>\n<li><strong>Acknowledgements <em>143<\/em><\/strong><\/li>\n<li><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/about\/\"><em><strong>About the author<\/strong><\/em><\/a> <strong><em>145<\/em><\/strong><\/li>\n<li><strong>Glossary <em>147<\/em><\/strong><\/li>\n<li><strong><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/index\/\"><em>Index<\/em><\/a> <em>149<\/em> <\/strong><\/li>\n<li><strong>Notes <em>161<\/em><\/strong><\/li>\n<\/ul>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>From the print edition of <i>Attack of the 50 Foot Blockchain<\/i>.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-114","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/pages\/114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=114"}],"version-history":[{"count":33,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/pages\/114\/revisions"}],"predecessor-version":[{"id":2622,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/pages\/114\/revisions\/2622"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}