"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
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
-------------------------
“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”
― Andre Gide
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messageTPR_002 - From Local to Global with Holesail
Read_823 - Scaling Trust
Read_822 - Denial of Service Attack on Consensus [Re-post]
Read_821 - The Most Important Thing You'll Read This Year [Re-post]
Chat_100 - Privacy is a Crime with Travis West [Re-post]
TPR_001 - Return of the P2P Web [Re-post]
Chat_099 - Failure, Hope and the Purpose of Bitcoin with Bitcoin Mechanic
Read_820 - The Bitcoin Stack
Read_819 - Bitcoin Drain in the USA
Guy's Take_085 - They Are Coming
Read_818 - Reviewing Reviews
Read_817 - The Bitcoin Renaissance: How Lightning Will Connect Everything
Chat_098 - Replacing Gold with Tuur Demeester
Read_816 - Why I'm Still Not Buying Bitcoin
Read_815 - What are Mises’s Six Lessons
Guy's Take_084 - Fiat Finance
Read_814 - Dogma Kills Brain Cells
Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value
Chat_097 - Lightning Offline with Super Testnet
Guy's Take_083 - It's Going Up Forever, Laura
Create your
podcast in
minutes
It is Free
Insight Story: Tech Trends Unpacked
Zero-Shot
Fast Forward by Tomorrow Unlocked: Tech past, tech future
The Unbelivable Truth - Series 1 - 26 including specials and pilot
Acquired