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
What if Bitcoin's energy consumption is actually the greatest natural incentive we could've hoped for in our alternative energy revolution? Find out how in...
In a world where centralized platforms dominate, can peer-to-peer systems make a comeback? Today we explore the details of P2P technology, as well as...
Is the idea of a central decision maker for the economy just a problem of gathering all the right information and having the most...