The ultimate conclusion about Bitcoin is that a global network of rational economic actors operating within a voluntary, opt-in currency system would never collectively form a consensus to debase the currency they have all independently and voluntarily determined to use as a store of wealth.
It's not just code that dictates there will ever be 21 million bitcoin - it's the game theory surrounding much of our daily lives.
That can't be understood overnight by any individual.
It is a reality that is reinforced and strengthened over time by reading more and seeing it repeatedly work, every 10 minutes.
- an excerpt from the 2-minute version of Gradually, Then Suddenly (2019) https://www.2minutebitcoin.org/blog/gradually-then-suddenly-bitcoin
2minutebitcoin
npub1p6…9ej3v
2023-04-28 19:23:29
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-04-28 19:23:29Event JSON
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"content": "The ultimate conclusion about Bitcoin is that a global network of rational economic actors operating within a voluntary, opt-in currency system would never collectively form a consensus to debase the currency they have all independently and voluntarily determined to use as a store of wealth.\n\nIt's not just code that dictates there will ever be 21 million bitcoin - it's the game theory surrounding much of our daily lives.\n\nThat can't be understood overnight by any individual.\n\nIt is a reality that is reinforced and strengthened over time by reading more and seeing it repeatedly work, every 10 minutes.\n\n- an excerpt from the 2-minute version of Gradually, Then Suddenly (2019) https://www.2minutebitcoin.org/blog/gradually-then-suddenly-bitcoin",
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}