1  ---
 2  aliases:
 3    - Hijacking Bitcoin - The Hidden History of BTC
 4  citekey: Ver.etal2024
 5  tags:
 6    - bibnote
 7  ---
 8  
 9  > [!book] Bibliography
10  > Ver, Roger, Jeffrey Tucker, and Steve Patterson. 2024. _Hijacking Bitcoin: The Hidden History of BTC_. Roger Ver.  
11  
12  >[!meta]- Metadata  
13  > **FirstAuthor**:: Ver, Roger  
14  > **Author**:: Tucker, Jeffrey  
15  > **Author**:: Patterson, Steve  
16  ~  
17  > **Title**:: Hijacking Bitcoin: The Hidden History of BTC  
18  > **Year**:: 2024  
19  > **Citekey**:: Ver.etal2024  
20  > **itemType**:: book  
21  > **Publisher**:: Roger Ver  
22  > **ISBN**:: 9798989492435
23  
24  ___
25  
26  ## Notes
27  - p.7) "Bitcoin" refers to the underlying technology used for both BTC and BCH networks
28  - p.11) Big blockers vs small blockers views on mining
29  - p.12) Simplified Payments Verification (SPV) [def.]
30  	- Full nodes: 
31  		- Big blockers say network activity should be miners + lightweight wallets 
32  		- Small blockers say users should run their own full nodes
33  - p.14) Core bets everything on Lightning Network
34  	- Elon Musk quote on scaling BTC
35  - p.15) [[4120.3 Five fundamental differences between original Bitcoin and new design]]
36  - p.20) [[the Bitcoin whitepaper is about online payments]]
37  - p.28) HODL strategy derives from "The Bitcoin Standard"
38  	- Creates artificial scarcity (p.29)
39  - p.32) arg. for Bitcoin to be a store of value, it must also be money as a medium of exchange
40  - p.38) BTC block size can only hold 2,000 - 3,000 transactions and produce a new block every 10 minutes. If 18,000 people make single transactions within a 10 minute period, it will take 6 blocks and ~1hr to process
41  - p.43) Why core devs want high fees - bigger mining incentive
42  - p.45) Vitalik's early support of blocksize increase
43  - p.47) Low fees are an exception and only occur when there is low traffic
44  - p.48) BTC market share dropped 32% at the peak of network congestion / full blocks
45  - p.54) Full nodes don't restrict miners from changing the rules
46  - p.56) Average users running full nodes is the governing idea that broke the BTC network by creating high transaction fees
47  - p.69) The myth of trustlessness
48  - p.75) 2 critical problems of [[Lightning Network]]: 
49  	- On-chain fees
50  	- Mathematical impossibility of 1mb blocks, would require 132mb blocks (p.76)
51  - p.
52  ___
53  >[!sticky]+ Notes Cited
54  >```dataview 
55  TABLE WITHOUT ID file.link AS "Links to this page" FROM "" WHERE contains(file.outlinks, this.file.link)
56  >```