A composition of existing ideas and technical architecture and game theory. One of the most pivotal points in my bitcoin path was learning about what came before bitcoin and how like most successful things it didn't just magically emerge from nowhere.
One of the biggest mistakes people make in thinking about bitcoin is that it was the first "crypto". People can argue about that and it all depends on your parameters. What is more important about that thought is what follows. People will say that it was the first and its great.... but... Obviously improvements should be made to it. Think about Ethereum, LiteCoin, ect. The rational is largely coming from misunderstanding bitcoin's origins and why previous attempts failed.
Then there is the economic principles that preexist bitcoin and which are central to its design.
Was it discovered? I don't know but that might be a more useful way to think about it. Because another trap people fall into is thinking bitcoin is this radical new untrustworthy thing. Not realizing how it was and is built on many other things. While it is revolutionary it is not untested.
You get none of this from the crypto bros and the to the moon crowd. The financial guys are clueless as well. It is rather annoying. That's ok though. It's not hard to learn this stuff if you want to. Just as with most topics these days.
A composition of existing ideas and technical architecture and game theory. One of the most pivotal points in my bitcoin path was learning about what came before bitcoin and how like most successful things it didn't just magically emerge from nowhere.
One of the biggest mistakes people make in thinking about bitcoin is that it was the first "crypto". People can argue about that and it all depends on your parameters. What is more important about that thought is what follows. People will say that it was the first and its great.... but... Obviously improvements should be made to it. Think about Ethereum, LiteCoin, ect. The rational is largely coming from misunderstanding bitcoin's origins and why previous attempts failed.
Then there is the economic principles that preexist bitcoin and which are central to its design.
Was it discovered? I don't know but that might be a more useful way to think about it. Because another trap people fall into is thinking bitcoin is this radical new untrustworthy thing. Not realizing how it was and is built on many other things. While it is revolutionary it is not untested.
You get none of this from the crypto bros and the to the moon crowd. The financial guys are clueless as well. It is rather annoying. That's ok though. It's not hard to learn this stuff if you want to. Just as with most topics these days.