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Bitcoin is a technology. It is not some force of the universe, some natural element or mineral that was “discovered” floating out in the ether. It is a technology. Technologies are created by human beings, not discovered. They are designed. That design has intent, elements of it are made specifically in a way to facilitate that intent. The tolerances of what a technology can or cannot handle are a result of those design decisions, which are in turn a result of the intent.
New Bitcoiners are being brought into the world of Bitcoin through a lens that obscures and distorts the realities of Bitcoin as a technology and what that entails, and tries to pack it into the box of “digital gold.”
Bitcoiners are becoming goldbugs. People who think Bitcoin is some magic thing that is decentralized “just cause,” whose future success is preordained and an absolute certainty.
This is a disastrous way for people to conceptualize Bitcoin. Bitcoin is a decentralized computer network. The conditions of a network are not a static thing. Environments change, network loads change, behavior of network users change. All of these things can have impacts on the viability and functioning of the network itself.
Gold doesn’t need patches for vulnerabilities. Gold doesn’t have to overhaul major subsystems because a change in user behavior overloaded them to the point of not functioning correctly or efficiently. Gold doesn’t need to worry about Denial of Service attack vectors that could disrupt, or worst case bring down, the entire “gold network.”
Read more here; https://bitcoinmagazine.com/featured/weve-turned-a-generation-of-bitcoiners-into-digital-goldbugs
New Bitcoiners are being brought into the world of Bitcoin through a lens that obscures and distorts the realities of Bitcoin as a technology and what that entails, and tries to pack it into the box of “digital gold.”
Bitcoiners are becoming goldbugs. People who think Bitcoin is some magic thing that is decentralized “just cause,” whose future success is preordained and an absolute certainty.
This is a disastrous way for people to conceptualize Bitcoin. Bitcoin is a decentralized computer network. The conditions of a network are not a static thing. Environments change, network loads change, behavior of network users change. All of these things can have impacts on the viability and functioning of the network itself.
Gold doesn’t need patches for vulnerabilities. Gold doesn’t have to overhaul major subsystems because a change in user behavior overloaded them to the point of not functioning correctly or efficiently. Gold doesn’t need to worry about Denial of Service attack vectors that could disrupt, or worst case bring down, the entire “gold network.”
Read more here; https://bitcoinmagazine.com/featured/weve-turned-a-generation-of-bitcoiners-into-digital-goldbugs