Bitcoin and Cryptocurrency Technologies

We already know that Bitcoin relies crucially on mining. But who are the miners? How did they get into this? How do they operate? What's the business model like for miners? What impact do they have on the environment?

Is Bitcoin anonymous? What does that statement even mean—can we define it rigorously? We'll learn about the various ways to improve Bitcoin's anonymity and privacy and learn about Bitcoin's role in Silk Road and other hidden marketplaces.

We'll look at all the ways that the world of Bitcoin and cryptocurrency technology touches the world of people. We'll discuss the community, politics within Bitcoin and the way that Bitcoin interacts with politics, and law enforcement and regulation issues.

Not everyone is happy about how Bitcoin mining works: its energy consumption and the fact that it requires specialized hardware are major sticking points. This week we'll look at how mining can be re-designed in alternative cryptocurrencies.

One of the most exciting things about Bitcoin technology is its potential to support applications other than currency. We'll study several of these and study the properties of Bitcoin that makes this possible.

Hundreds of altcoins, or alternative cryptocurrencies, have been started, either to fix Bitcoin's perceived flaws or to pursue different goals and properties. We'll look at everything that goes into an altcoin and how they interact with Bitcoin.

The use of Bitcoin technology for decentralizing property, markets, and so on has been hailed as a recipe for economic and political disruption. We'll look at the technological underpinnings of these proposals and the potential impact on society.