"This is a fancy way of saying that you need money to make markets, and you need decentralized, open, digital money to make decentralized, open, digital markets.
Furthermore, higher layers require lower layers to exist, but lower layers benefit from the value created at higher layers. However valuable layer one Bitcoin can be as a new global money, it can become significantly more valuable if we recognize it as a crucial technical building block to building markets with the potential to disrupt many other human networks." --Dhruv Bansal, Ryan Gentry & Allen Farrington Bitcoin's base layer enables us to rethink how we approach the prevalent problems of internet centralization, abusive platforms, and censorship. By breaking these concerns down into their most fundamental components and solving each one individually, we can begin to address the broader challenges of permissionless communication, scalable decentralized payments, service provision, and globally accessible open networks. The team at AxiomBTC, including authors Dhruv Bansal, Ryan Gentry, and Allen Farrington, explores how Bitcoin can be leveraged to re-decentralize the internet in their latest piece.
By focusing on Bitcoin's core capabilities and applying them to specific issues, we may uncover new paths to solving the internet's systemic problems.
The Bitcoin Stack
Decentralized Order Books as a Framework for Decentralizing the Internet
https://www.axiombtc.capital/stack
bitcoincuracao / Bitcoin Curaçao
npub16ch…vghv
2024-05-07 14:58:43
Author Public Key
npub16chg6ppwpr4pmkxz92v8jjqkztvhysdc2tl3kgx29xpay45l57wqpgvghvPublished at
2024-05-07 14:58:43Event JSON
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"pubkey": "d62e8d042e08ea1dd8c22a9879481612d97241b852ff1b20ca2983d2569fa79c",
"created_at": 1715086723,
"kind": 1,
"tags": [],
"content": "\"This is a fancy way of saying that you need money to make markets, and you need decentralized, open, digital money to make decentralized, open, digital markets. \n\nFurthermore, higher layers require lower layers to exist, but lower layers benefit from the value created at higher layers. However valuable layer one Bitcoin can be as a new global money, it can become significantly more valuable if we recognize it as a crucial technical building block to building markets with the potential to disrupt many other human networks.\" --Dhruv Bansal, Ryan Gentry \u0026 Allen Farrington Bitcoin's base layer enables us to rethink how we approach the prevalent problems of internet centralization, abusive platforms, and censorship. By breaking these concerns down into their most fundamental components and solving each one individually, we can begin to address the broader challenges of permissionless communication, scalable decentralized payments, service provision, and globally accessible open networks. The team at AxiomBTC, including authors Dhruv Bansal, Ryan Gentry, and Allen Farrington, explores how Bitcoin can be leveraged to re-decentralize the internet in their latest piece. \n\nBy focusing on Bitcoin's core capabilities and applying them to specific issues, we may uncover new paths to solving the internet's systemic problems.\n\nThe Bitcoin Stack\nDecentralized Order Books as a Framework for Decentralizing the Internet\nhttps://www.axiombtc.capital/stack",
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}