Bitcoin Can’t Be Copied
August 2, 2019
Contents
This article by Parker Lewis was first published in Unchained blog.
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Contents
This article by Parker Lewis was first published in Unchained blog.
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This article by Peter St. Onge was first published on Mises Institute website.
One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency.
Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle finger to earth’s climate.” This is because bitcoin’s security, redundancy, and architecture are more energy intensive than traditional payments relying on a single point of failure.
...Understanding how the focal point of Bitcoin development operates.
This article by Jameson Lopp was published in his blog.
if you’d prefer to consume this essay in audio format, you can listen to it here (narrated by Guy Swann of the Bitcoin Audible Podcast.)
The question of who controls the ability to merge code changes into Bitcoin Core’s GitHub repository tends to come up on a recurring basis. This has been cited as a “central point of control” of the Bitcoin protocol by various parties over the years, but I argue that the question itself is a red herring that stems from an authoritarian perspective — this model does not apply to Bitcoin. It’s certainly not obvious to a layman as to why that is the case, thus the goal of this article is to explain how Bitcoin Core operates and, at a higher level, how the Bitcoin protocol itself evolves.
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