The Fight For Bitcoin, Round Two
What really makes Bitcoin different? In The Fight for Bitcoin Round One: Water’s Warm Maximalism, much was said about how and why to engage in good, truth-bearing faith with nocoiners, altcoiners, and Bitcoin skeptics alike. But not a lot was actually said about what makes Bitcoin truly special and what specifically puts it in a class of its own outside of the greater cryptocurrency, financial technology and economic market space. As mentioned in the previous article, predominantly as of late there is a whole lot of preaching from our permanent bullish culture leaders, which leads to wonderful and passionate zealotry, but perhaps many holes in fundamental understanding of Bitcoin’s protocol and the direct effects of said mechanisms.
The apex predatory nature of Bitcoin is not without sound reason, but it is important to understand why the many high priests of Satoshi’s church have such conviction in the hopeful success of such a unique and disruptive technological experiment. There is an ever-deeper cloud of knowledge billowing out of the thousands of nodes strewn across the planet, and just when it seems to coalesce into a complete and whole picture, another layer of incentives, another extrapolation of game theory, another form of legacy and incumbent systemic dematerialization presents itself to the now millions of eager, hungry students of Satoshi. “Fix the money, fix the world,” they say, but how can you fix the money without understanding the problems, and more importantly understanding the possible solutions to many of today’s problems presented by Bitcoin in a succinct and pure manner?
Much has been written in Bitcoin Magazine about the issues with the petrodollar system, and how a centralized cartel of money changers can wreak havoc upon the working class with monetary supply expansion at a whim, but the focus of this piece is going to be…
