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dan
1 year ago
Bitcoin Blocks?
Today's Bitcoin trivia nugget starts with a provocative statement, followed by a longer explanation.
dan
1 year ago
Bitcoin is an open, global, single, immutable, database. Its unique, there hasn't been anything like it before. That is its value. Its not about the coins, those are merely required to maintain it. Its slightly ruined by the fact there are many blockchains, but once the benefits of everyone using the same database are realised, one blockchain will emerge as the standard. That standard will be Bitcoin SV.
dan
1 year ago
If unexpected shutdown of a system causes loss of funds then that system is fragile. Bitcoin is not fragile.
dan
1 year ago
I use the word "altruistic" to describe some Bitcoin software behaviour. For me, this includes incentives to increase Bitcoin adoption, for example to assist new participants or new transaction processors. Long-term, these incentives wither, especially as costs increase. When adoption is "done", if you want to participate, its your problem. You might find people willing to help for free, you'll find more people willing to help if you cover their costs, and still more for profit.