TD₿: Bitcoin Will NEVER Be Hacked. Here's Why! - (21 Voices, a new video series) with Eric Yakes
TL;DR: Bitcoin’s security relies on one of the most powerful mathematical problems in cryptography: the discrete log problem. Learn how Bitcoin’s security is rooted in unbreakable mathematics.
Hey Bitcoiners,
In today's video, Eric Yakes, author of The Seventh Property, discusses Bitcoin's security, focusing on the discrete log problem, a foundational modern cryptography concept. The discrete log problem is used in elliptic curve cryptography to protect Bitcoin wallets, making it impossible to reverse-generate a public key from a private one.
This mathematical problem makes Bitcoin nearly impossible to hack, even with advanced technologies like quantum computers. Bitcoin's security relies on large prime numbers, making it resistant to brute-force attacks.
Learn how Bitcoin's energy-intensive nature can benefit real-world energy grids, how the mining process ensures the network's security, and how it can contribute positively to real-world energy use.
Enjoy!
Tick tock next block,
The Swan Education Team
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Quote of the Day
“Open source software is a meritocracy of ideas, not of people. So people are always talking about "Who controls Bitcoin?" Good ideas control Bitcoin. Not people.”
- Ben Prentice
Job of the Day
Director of Marketing
Kelowna, British Columbia, Canada Remote
Location: Remote (Pacific Time Zone, 8 AM - 4 PM, Monday to Friday)
Full Time
Business Operations
About Block Rewards
Block Rewards is a Canadian SaaS company offering innovative financial solutions integrating Bitcoin into employee compensation and rewards.
Role Overview
We are seeking an experienced Marketing Director to lead our B2B marketing campaigns. This role is ideal for a marketing expert with a strong background in developing compelling stories for businesses, understanding diverse market segments, and driving strategic growth initiatives.
The Marketing Director will work closely with the executive team to craft a marketing plan that resonates with small, medium, and enterprise-level customers and ensure compliance with all financial regulations.
Responsibilities
· Develop and execute a comprehensive B2B marketing strategy for Block Rewards products tailored to the needs of small, medium, and large enterprises.
· Craft compelling narratives to communicate the value proposition of our Bitcoin-based employee reward products to business customers.
· Collaborate with the executive team to present marketing plans, strategies, and results at an executive level.
· Ensure all marketing communications comply with financial regulations and industry standards, particularly in the cryptocurrency and payment sectors.
· Manage all aspects of demand generation, content marketing, and brand positioning.
· Develop marketing materials, campaigns, and digital assets that clearly articulate the capabilities and benefits of Block Rewards’ products.
· Oversee lead generation and pipeline growth strategies to meet and exceed business targets.
· Communicate product capabilities effectively to customers, translating technical concepts into understandable language for various stakeholders.
· Provide market insights and competitor analysis to guide marketing decisions and campaigns.
· Collaborate with cross-functional teams, including sales, product, and customer support.
Qualifications
· Proven success as a Marketing Director, preferably in the SaaS or fintech space.
· Proven ability to launch new products and drive adoption across different business segments.
· Deep understanding of B2B marketing strategies, including experience targeting small, medium, and enterprise-level customers.
· Strong storytelling and communication skills, with the ability to translate complex ideas into clear, compelling messages.
· Experience working in regulated industries, ideally in financial services or cryptocurrency, with a clear understanding of compliance and legal considerations.
· Ability to present strategies and results effectively to C-suite executives.
· Demonstrated success in managing multi-channel campaigns, including digital marketing, demand generation, and content marketing.
· Self-motivated, highly organized, and capable of working independently in a remote environment.
· Knowledge of trends related to Bitcoin adoption in businesses, especially in employee compensation and reward systems.
· Able to work in the Pacific Time Zone (8 AM - 4 PM, Monday to Friday).
Nice-to-Have Qualifications
Experience in the cryptocurrency or blockchain industry. A network of industry contacts in the SaaS or fintech space.
Familiarity with CRM systems, employee performance metrics, and compensation platforms.
Working understanding of Bitcoin.
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
ECB (Incorrectly) Criticizes Bitcoin (Again)
The ECB paper claims that early Bitcoin investors ("early birds") gain wealth at the expense of "latecomers." While true for any asset, the paper overlooks that many people are both early and late Bitcoin buyers, benefiting over time through dollar-cost averaging.
The paper also criticizes Bitcoin as a payment technology, ignoring the growth of the Lightning Network, which enables fast, cheap transactions and is being adopted by major players like Lightspark.
Additionally, it suggests that Bitcoin is a threat to democracy due to political donations but fails to recognize that it is a vital tool for pro-democracy activists in authoritarian regimes. The authors argue that central banks can control Bitcoin's price by tightening monetary policy.
Yet, despite recent rate hikes, Bitcoin's price continues to rise, making a stronger case for storing wealth in Bitcoin outside the traditional financial system.
On This Day in Bitcoin History
2023 - "I'll be buying at the top forever." - Michael Saylor, MicroStrategy CEO
On October 22, 2023, MicroStrategy CEO Michael Saylor made a bold statement, declaring, "I'll be buying at the top forever."
Swan Shortie of the Day
Event of the Day
Bitcoin MENA 2024
Dates: December 9-10th
Location: Abu Dhabi
Bitcoin MENA is a major event focused on Bitcoin, specifically targeting the Middle East and North Africa (MENA) region.
The conference, set to take place in Abu Dhabi from December 9-10, 2024, will bring together global leaders, institutional investors, and enthusiasts from the Bitcoin community to explore opportunities, innovations, and challenges related to Bitcoin's growing influence.
Bitcoin MENA will feature keynote sessions, panel discussions, workshops, and networking opportunities, covering key topics like mining, finance, and emerging trends.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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