Socratic Seminar #4
Core Infrastructure: Consensus & Mining · 6 September 2025
Location
Port Harcourt
Announcements
Join us for another Bitcoin Socratic Seminar!
Attendance: 20 participants
Reminders
- We prefer no photos and no videos during the event
- Chatham House Rule
- Leave the meeting space as clean as you found it
- Suggest topics for the next Socratic Seminar! Check our About page for guidance
Discussion Topics
Analyzed the Proof-of-Work (PoW) consensus mechanism in depth. Discussions covered basic node setup operations, the role of miners in transaction validation and network security, and common privacy pitfalls.
- Proof-of-Work consensus mechanism — how Bitcoin achieves distributed agreement
- Running a Bitcoin full node: setup, resource requirements, and benefits
- The role of miners in transaction validation and block production
- Network security: hashrate, 51% attacks, and economic incentives
- Common privacy pitfalls when transacting on the Bitcoin network