[New post] Tomer Strolight: “Why Bitcoin, The Series, #17: Why Bitcoin Is Not Like Anything You’ve Ever Seen Before”
Brian in Chicago posted: " Welcome to Why Bitcoin. Each article in this series is:-Short — only 2–4 minutes at most to read;-Entirely accessible to newcomers to Bitcoin; and-Offers some new perspective to even the most experienced BitcoinersBitcoin is a vast subject, with countle" Tiny Crypto Blog
Welcome to Why Bitcoin. Each article in this series is: -Short — only 2–4 minutes at most to read; -Entirely accessible to newcomers to Bitcoin; and -Offers some new perspective to even the most experienced Bitcoiners
Bitcoin is a vast subject, with countless facets, angles and perspectives. It can be looked at, thought about and appreciated in many ways. By writing very short pieces I hope to take a single snapshot of Bitcoin from a different perspective with each one, so that the reader may upon finishing, better understand the whole.
I hope you find these articles helpful, informative, enjoyable and enlightening.
Be well, Everyone.
Comments, questions, reach out at hello @ tinycryptoblog.com
Bitcoin is so different from anything we've ever seen before that it is helpful to newcomers to first show them what it is not. In doing so we often use words that are the opposites of ones we typically use to describe things we are familiar with.
Bitcoin is Not Like Any Organization that Anyone has Ever Encountered Before.
Bitcoin is missing a lot of features we see in just about every organization. Bitcoin has no leader, no employees, no headquarters, no center of operations, no government, no rulers of any type, no elections, no location, no physical or intellectual property, no assets and no money. It is not even incorporated or legally constituted in any manner anywhere on Earth.
Bitcoin's Design Rejects All These Common Features of Organizations
Bitcoin sees these features not only as unnecessary, but as undesirable.This is because it recognizes that each is a vulnerability. Bitcoin deals with such vulnerabilities by not having them in the first place. If any of these features were in Bitcoin it could lead to Bitcoin halting, being taken over, becoming corrupted or being destroyed. By removing them Bitcoin becomes unstoppable, uncontrollable, incorruptible and indestructible. By eliminating all vulnerabilities, Bitcoin becomes invulnerable.
These intentional omissions are the genius in its design which makes Bitcoin valuable and indispensable.
Bitcoin doesn't keep track of the identities of the people (or machines) that use it — making it permission-less. It doesn't increase the supply of bitcoins to meet demand — making it deflationary and inviolate . It doesn't force itself on anyone — making it consensual. It doesn't exclude anyone from using it — making it inclusive.
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