Defenestrated.
This word details what is about to happen to those who sought to grab power and subvert the underlying nature of bitcoin.
Power is not balanced when a group can control the future of a system where others are directly and negatively impacted by the change.
This word details what is about to happen to those who sought to grab power and subvert the underlying nature of bitcoin.
Power is not balanced when a group can control the future of a system where others are directly and negatively impacted by the change.
People like to talk about how bitcoin is a decentralised system. The nodes are part of a distributed ledger. A distributed system is not the same as a decentralised system. In bitcoin, the nodes do not vote on the protocol.
3.
Rather, they enforce. Those who enforce rules don’t set them in a balanced society or system. Where those who can enforce rules also set the rules, the result is always corruption.
Rather, they enforce. Those who enforce rules don’t set them in a balanced society or system. Where those who can enforce rules also set the rules, the result is always corruption.
4.
Moreover, it is important that a protocol is fixed so that no individual can change the protocol in a manner that negatively impacts others. In any protocol change, there will always be winners and losers. Those who are associated with the in group will benefit.
Moreover, it is important that a protocol is fixed so that no individual can change the protocol in a manner that negatively impacts others. In any protocol change, there will always be winners and losers. Those who are associated with the in group will benefit.
5.
Those who are associated with ideas that are less popular according to the ruling cadre (Core Developers) will find themselves isolated.
Those who are associated with ideas that are less popular according to the ruling cadre (Core Developers) will find themselves isolated.
6.
More importantly, long-term development and hence innovation requires something stable. In the early days of networking, Novell changed the protocol on an annual basis. Conversely, TCP has remained the same on the Internet for over forty years.
More importantly, long-term development and hence innovation requires something stable. In the early days of networking, Novell changed the protocol on an annual basis. Conversely, TCP has remained the same on the Internet for over forty years.
7.
Innovation occurs when there is stability and order, not chaos and anarchy. Through history, we have found that innovation has occurred where there is a stable foundation to build upon. In this, we see a world that enables long-term planning.
Innovation occurs when there is stability and order, not chaos and anarchy. Through history, we have found that innovation has occurred where there is a stable foundation to build upon. In this, we see a world that enables long-term planning.
8.
If an organisation cannot plan for five years or even a decade, the level of innovation will be minimal. Rather than the promise of flying cars we have silicon valley's reinterpretation of innovation. That is, a system that is static but equally increasingly captivating.
If an organisation cannot plan for five years or even a decade, the level of innovation will be minimal. Rather than the promise of flying cars we have silicon valley's reinterpretation of innovation. That is, a system that is static but equally increasingly captivating.
9.
There was innovation in the Brave New World of dystopian pleasure predicated by Aldous Huxley.
To this I also recommend reading a peace that is little known today (Huxley, 1923).
Huxley, A. (1923). Pleasures. Vanity Fair, May. archive.vanityfair.com/article/1923/5…
There was innovation in the Brave New World of dystopian pleasure predicated by Aldous Huxley.
To this I also recommend reading a peace that is little known today (Huxley, 1923).
Huxley, A. (1923). Pleasures. Vanity Fair, May. archive.vanityfair.com/article/1923/5…
10.
Creativity and innovation require a foundation that is stable enough to support growth and innovation. With bitcoin (note #BSV as #BTC is passing off) a transaction created today is guaranteed to run in the year 2040 and beyond. That is stability.
Creativity and innovation require a foundation that is stable enough to support growth and innovation. With bitcoin (note #BSV as #BTC is passing off) a transaction created today is guaranteed to run in the year 2040 and beyond. That is stability.
11.
And through that stability, others can achieve much more including building processes that are based on innovation, creativity and a desire to implement a system that delivers value to many people.
And through that stability, others can achieve much more including building processes that are based on innovation, creativity and a desire to implement a system that delivers value to many people.
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