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
"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...
If Bitcoin is a paradigm shift, it gets to that stage, like it will be an even bigger product than AI, than chat GPT....
“Lightning Network provides a framework to measure the time-value of bitcoin, a precursor for a capital market and reserve currency status.” -Nik Bhatia Today...