Bitcoin Aligns Incentives In The Excellent Method – Bitcoin Journal



That is an opinion editorial by Conor Chepenik, a bitcoin pleb.

When a nocoiner asks me about Bitcoin, it’s arduous to not take a “Michael Saylor breath” and embark on a four-hour dialog about how there isn’t a second finest.

My Bitcoin elevator pitch has change into higher over time, but it surely’s arduous explaining why the world so desperately wants an sincere financial ledger in 30 seconds. Proof-of-work is required to have the fantastic expertise of happening the Bitcoin rabbit gap. On this piece I try to put out why the incentives of the community are so nicely thought out at each stage.

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