Bitcoin Difficulty Adjustment - with Alex

We are sorry to inform you but, because of some scheduling issue(on our part) we had to change the topic of the meetup.
No Austrian Economics this time :(

The Bitcoin Difficulty Adjustment is a fundamental security and self regulating mechanism of the Bitcoin network and arguably the innovation that Satoshi brought to the world.

In this talk we will explore the intricacies and interesting aspects of the Difficulty Adjustment and what common knowledge people usually get wrong.

Topics covered:

• How to calculate the Difficulty
• Difficulty adjustment restrictions
• Satoshi's off by 1 mistake.
• Why 2016 blocks?
• Time warp attacks
• 20 minute blocks
• Weird edge cases

For the past 9 years Alex has been involved in various Bitcoin projects, ranging from mining to building apps.His most recent project, was iBEX, a boutique OTC shop, here in London.