Is it the miners? The developers? The nodes? Who really defines Bitcoin, who establishes the rules that make it immutable, secures it against unwanted change, and determines the protocol that distinguish a random integer, from a true Bitcoin integer?
A great piece by John Carvalho. One of the most succinct explanations on defining Bitcoin without any unnecessary technical confusion. A necessity for the Cryptoconomy Audio Library, and a wonderful follow up to the recent BTC vs BSV debate on the Hotep Jesus show.
Don't forget to drop some applause on the original article below, and follow the author, @BitcoinErrorLog, on Twitter:
https://medium.com/@BitcoinErrorLog/who-secures-bitcoin-95b19bbcda3c
https://twitter.com/BitcoinErrorLog
If you want to support the show AND join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
Tons of exciting developments on the horizon for 2018, listen to hear why this year is going to be another big one for Bitcoin....
“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness...
"You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing...