|
| 1 | +--- |
| 2 | +layout: post |
| 3 | +type: socratic |
| 4 | +title: "Socratic Seminar #24" |
| 5 | +--- |
| 6 | + |
| 7 | +## Location |
| 8 | + |
| 9 | +The event will be hosted at **Jenga Leo**: |
| 10 | + |
| 11 | +`T Floor (Kilimanjaro room)` WESTPARK TOWERS | Mpesi Ln, Nairobi | [Map](https://maps.app.goo.gl/jA86RuyuBKcE4eA47) |
| 12 | + |
| 13 | +## Announcements |
| 14 | + |
| 15 | +Join us on our Bitcoin [Socratic Seminar](/about) `#24`. |
| 16 | + |
| 17 | +This is a special **Bitcoin 101** session — an introduction to the Bitcoin stack for newcomers and a refresher for everyone else. A special thank you to our sponsor [Btrust](http://btrust.tech/) for food and refreshments. |
| 18 | + |
| 19 | +## Reminders |
| 20 | + |
| 21 | +- We prefer no photos and no videos during the event |
| 22 | +- [Chatham House Rule](https://www.chathamhouse.org/about-us/chatham-house-rule) |
| 23 | +- Leave the meeting space as clean as you found it |
| 24 | + |
| 25 | +## Topics |
| 26 | + |
| 27 | +### Bitcoin Fundamentals |
| 28 | + |
| 29 | +--- |
| 30 | + |
| 31 | +- [But how does bitcoin actually work? (3Blue1Brown)](https://www.youtube.com/watch?v=bBC-nXj3Ng4) |
| 32 | + - Visual explanation of cryptographic primitives, hashing, and proof-of-work |
| 33 | +- [Bitcoin Whitepaper](https://bitcoin.org/bitcoin.pdf) |
| 34 | + - The 9-page paper that started it all — worth revisiting |
| 35 | +- [Learn Me a Bitcoin](https://learnmeabitcoin.com/) |
| 36 | + - Interactive guide covering transactions, blocks, and the UTXO model |
| 37 | +- [Mastering Bitcoin (Open Edition)](https://github.com/bitcoinbook/bitcoinbook) |
| 38 | + - Chapters 1-4 for foundational concepts |
| 39 | + |
| 40 | +**Discussion:** |
| 41 | + |
| 42 | +- What problem does Bitcoin solve that couldn't be solved before 2009? |
| 43 | +- Why does Bitcoin need proof-of-work? What are the tradeoffs? |
| 44 | +- How do you explain Bitcoin to someone with zero technical background? |
| 45 | + |
| 46 | +### Lightning Network |
| 47 | + |
| 48 | +--- |
| 49 | + |
| 50 | +- [Lightning Network Explained (Whiteboard Series)](https://www.youtube.com/watch?v=rrr_zPmEiME) |
| 51 | + - Visual walkthrough of payment channels and HTLCs |
| 52 | +- [Understanding the Lightning Network (Bitcoin Magazine)](https://bitcoinmagazine.com/technical/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791) |
| 53 | + - Part 1 of a multi-part series on payment channels |
| 54 | +- [Lightning Network Specification (BOLTs)](https://github.com/lightning/bolts) |
| 55 | + - The technical specs — skim the README for an overview |
| 56 | +- [Amboss Space](https://amboss.space/) |
| 57 | + - Explore the Lightning network graph and node statistics |
| 58 | +- [Stacker News](https://stacker.news/) |
| 59 | + - Lightning-native forum — experience micropayments firsthand |
| 60 | + |
| 61 | +**Discussion:** |
| 62 | + |
| 63 | +- What limitations of on-chain Bitcoin does Lightning address? |
| 64 | +- What are the tradeoffs of using Lightning vs on-chain transactions? |
| 65 | +- Why do Lightning channels require both parties to be online? What happens if one party disappears? |
| 66 | + |
| 67 | +### Ecash: Fedimint & Cashu |
| 68 | + |
| 69 | +--- |
| 70 | + |
| 71 | +- [What is Ecash? (Calle's Explainer)](https://cashu.space/) |
| 72 | + - Introduction to Chaumian ecash and blind signatures |
| 73 | +- [Fedimint Documentation](https://fedimint.org/docs/intro) |
| 74 | + - Overview of federated custody and community mints |
| 75 | +- [Cashu Protocol](https://docs.cashu.space/) |
| 76 | + - Spec for the simpler, single-custodian ecash implementation |
| 77 | +- [Why Ecash Matters (Video)](https://www.youtube.com/watch?v=VwMzNE1D3so) |
| 78 | + - Privacy benefits and use cases for ecash |
| 79 | +- [Fedi App](https://www.fedi.xyz/) |
| 80 | + - Real-world Fedimint implementation for communities |
| 81 | + |
| 82 | +**Discussion:** |
| 83 | + |
| 84 | +- What privacy guarantees does ecash provide that Lightning doesn't? |
| 85 | +- What are the trust assumptions when using a Fedimint vs a Cashu mint? |
| 86 | +- How might ecash help with Bitcoin adoption in communities with limited connectivity? |
| 87 | +- What's the difference between custodial Lightning (e.g., Wallet of Satoshi) and ecash custody? |
| 88 | + |
| 89 | +### Putting It All Together |
| 90 | + |
| 91 | +--- |
| 92 | + |
| 93 | +- [Bitcoin Layers Explained](https://river.com/learn/what-are-bitcoin-layers/) |
| 94 | + - How base layer, Lightning, and ecash complement each other |
| 95 | +- [The Bitcoin Stack (Diagram)](https://stacker.news/items/165256) |
| 96 | + - Visual representation of Bitcoin's layered architecture |
| 97 | + |
| 98 | +**Discussion:** |
| 99 | + |
| 100 | +- When would you use on-chain Bitcoin vs Lightning vs ecash? |
| 101 | +- How do these layers work together to make Bitcoin usable for different purposes? |
| 102 | +- What excites you most about where Bitcoin development is headed? |
| 103 | + |
| 104 | +### What's next? |
| 105 | + |
| 106 | +--- |
| 107 | + |
| 108 | +- [Btrust Builders Pathways](https://pathways.btrust.tech/) |
| 109 | +- [bitcoin++ open source edition](https://btcplusplus.dev/conf/nairobi) |
| 110 | + |
| 111 | +### Submit suggestions for next meeting |
| 112 | + |
| 113 | +Issues on Github: https://github.com/BitDevsNBO/bitdevsnbo.org/issues |
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