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0 sats \ 0 replies \ @nerd2ninja 6 Jul 2023 \ on: Critiques Please: What is Bitcoin, and Why Bitcoin, Not Crypto? bitcoin
The network is a little like the global network of banks, but instead of each bank having their own secret copy of an error-prone ledger that requires each bank and their customers to trust other banks and their customers, the bitcoin network uses maths to validate the availability of funds from many, distributed copies of a single transparent list of transactions, providing fast global payment finality.
If it were me I would say "There is no trust. Its a copy of the history of global payments that you (yes you! run a node) verify for yourself using math. The global agreement about the state of this global payment history is what Bitcoin is. Bitcoin is an agreement "consensus'"
edit: I was skimming too fast sorry lol
This explains the points you make after that paragraph This means it is both not possible to create counterfeit bitcoin, nor spend bitcoin twice. (because Bitcoin is agreement, and you wouldn't agree to counterfeit Bitcoin)
As the network is completely open, it is permissionless. It cannot be intercepted or sanctioned (Because Bitcoin is agreement, and the sanctioned persons would not agree to it)
I mean, if it were me, I would nail in that Bitcoin is a social construct first and technology second.
Because its a social construct, people rarely change their beliefs about social constructs (such as family, money, or nation) and especially not on a whim. That's why new technology is not enough to disrupt Bitcoin. The heart of Bitcoin, its agreement between people, needs to be fundamentally disrupted first.
Have you read the things I've written before? Would you like me to share them with you?
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