The Crypto Conversation Decred's Privacy Flow - Building a better Bitcoin & the legend of Satoshi Nakamoto
Jake Yocom-Piatt, Decred co-founder and project lead talks about the mysterious Decred origin story and how it relates to Satoshi Nakamoto. A hybrid proof-of-work/proof-of-stake store of value asset, Decred has strong governance, good security, privacy features, and an innovative incentive alignment. If Bitcoin is about being your own bank, so is Decred - but it's also about having a say in your bank's policies. Plus, surveillance capitalism, Decred's new privacy features and we listen to the 'Privacy Flow' hip-hop track.
Key takeaway:
Decred is about reorganizing society around fairer games. Decred's point of difference is the addition of a governance system on top of a hybrid proof-of-work/proof-of-stake cryptocurrency. Decred now has privacy features that compete with Monero and Zcash. Bitcoin maximalists often support two other projects - Monero and Decred.
Why you should listen:
Jake is a fascinating guy with very strong opinions. Learn why he thinks Satoshi Nakamoto was a team of at least three people and the mysterious similarities in the origin stories of Bitcoin, Monero and Decred. Plus - listen to Decred's 'Privacy Flow' hip-hop track, and learn why Jake feels vindicated by Edward Snowden's revelations.
Supporting links:
blog.companyzero.com/2015/11/bitcoins-biggest-challenges
placeholder.vc/blog/2018/5/12/decred-investment-thesis