Read_761 - A Sound Bitcoin Financial System [Alex B]

"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority is aligning incentives for every constituent of the network. The longer tail of the economic distribution may choose to run a node and validate consensus but ultimately consensus follows the money."

— ⁠ Alex B.

Today we close out the lengthy back and forth over the evolutionary path of Bitcoin to a billion + users. Alex B brings us a great followup with a less technical and more abstract understanding of the security model of Bitcoin itself and collaborative custody, through the lens of the economic majority enforcing the honesty of all players. Don't miss another great read. 

Check out the original article at : ⁠A sound Bitcoin financial system. A sound Bitcoin financial system | by Alex B. | Aug, 2023 | Medium

Links to the other articles in this series and those mentioned in the Guy's Take:

Read_760 - Drivechain's Place in Bitcoin's Future - Bitcoin Audible | Podcast on Spotify

Read_758 - Scaling and Consensus Changes [James O'Beirne⁠] - Bitcoin Audible | Podcast on Spotify]

Read_757 - Putting the B in BTC [Anthony Towns] - Bitcoin Audible | Podcast on Spotify

Read_755 - Drivechains - Bitcoin Audible | Podcast on Spotify

Chat_80 - Building the Ark with Burak - Bitcoin Audible | Podcast on Spotify

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“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”  

― Andre Gide