Bitcoin Aligns Incentives In The Excellent Approach

Read Time:20 Minute, 51 Second

2022-08-29 02:00:00

That is an opinion editorial by Conor Chepenik, a bitcoin pleb.

When a nocoiner asks me about Bitcoin, it’s onerous to not take a “Michael Saylor breath” and embark on a four-hour dialog about how there is no such thing as a second greatest.

My Bitcoin elevator pitch has turn into higher over time, nevertheless it’s onerous explaining why the world so desperately wants an trustworthy financial ledger in 30 seconds. Proof-of-work is required to have the fantastic expertise of happening the Bitcoin rabbit gap. On this piece I try to put out why the incentives of the community are so properly thought out at each degree.





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