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We make claims about Bitcoin's assurances all the time. It is censorship resistant, it's open and permissionless, it's counterfeit proof, etc. But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality?
Today we cover another great article from @nic_carter titled: "Unpacking Bitcoin's Assurances." Don't forget to follow Nic on Twitter and Medium, and drop some applause on the original article at the link below:
https://medium.com/@nic__carter/unpacking-bitcoins-assurances-a3c98824d3f0
Mentioned again because it always seems to come up in discussion, the great piece by @hasufl and @zhusu about Bitcoin as an independent system for property rights:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8
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“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to...
"But more broadly, one must ask, “at what point would someone want to permanently exchange their self-custodial scarce money (bitcoin) that has a 1.8%...
"The answer that matters depends on the context. The context you need to have is that cryptocurrency, i.e. Bitcoin, was invented/discovered initially to allow...
![CryptoQuikRead_281 - Unpacking Bitcoin's Assurances [Nic Carter]](https://episodes.castos.com/6626b866f2af87-36468692/images/1741323/c1a-9mg94-mq8r0386t4gw-gonlc9.jpg)