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What Bitcoin Did: Jameson Lopp & Peter Todd on Libra: Technical Analysis


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Podcast Notes Key Takeaways
  • Ask yourself: What is the most important information to keep secure, and who might try to use my private information against me?
  • Services like privacy.com allow you to create throwaway digital credit cards to conceal your billing address
  • Connecting to public Wi-Fi networks? Use fake email addresses. Also, disconnect and “Forget” networks to prevent automatic re-connecting
  • Use VPNs and Ad-blockers, good ones include Brave, Ublock, and Privacy Badger
  • Check out all the tools developed by The Electronic Frontier Foundation (EFF)
  • Bitcoin’s transparency and audibility make it difficult to use privately.Coin mixers can help you obfuscate transactions
  • Hardware Wallets are the most effective way to protect against the majority of hacking attempts (The most popular are Trezor, Ledger, and Coldcard)
  • Every wallet gives you a 12-word seed phrase as a backup, safely store them offline
    • Check out CypherSafe, CryptoTag, and Billfodl for metal seed storage wallet
  • “Your node, your rules” – Run a Bitcoin full node to verify network rules for yourself
  • Never use phone numbers as a security mechanism (e.g., account recovery or 2FA)
    • Instead, use 2FA app like Google Authenticator, or Hardware-based like Yubico


Read the full notes @ podcastnotes.org



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Location: Skype
Date: Sunday, 14th July
Project: Casa & Independent Consultant
Role: CTO & Applied Cryptography Consultant

Libra promises to be the first distributed ledger to transition from a permissioned system to permissionless. However, it faces many significant technical challenges, many of which have yet to be solved by other cryptocurrencies.

One of the main issues Libra faces is scalability. At launch, Libra is tipped to offer 1,000 transactions a second, but with a network of potentially billions of users, this will very quickly reach maximum capacity.

Will Libra be able to solve its scaling issues? Will people care enough about Libra to want to use it? What happens when there are disagreements within the Libra foundation?

In the second episode of the Libra series, I discuss these issues with Jameson Lopp and Peter Todd, as we take a deep dive into the technical side of Facebook's Libra.

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