Bitcoin Is The Successor To Violence

2021-8-22 02:00

Bitcoin completely negates the need for violence by incentivizing trade and peaceful cooperation.

Image source

I would like to lay out a few of Bitcoin’s operational processes. I know… many of you are very intelligent and grasp Bitcoin well, but there’s a recent upheaval in the core philosophy of Bitcoin. So, if I may, let’s revisit how Bitcoin does what Bitcoin is good at.

Firstly, there are the miners. The much-sought-after laborers of the Bitcoin network. Toiling away, independently seeking that magic hash that will yield the block reward with their many trillions of guesses per second. The keyword here being independently. Are they attacking each other in order to gain any advantage over the others? No. Are they working to erode away the resources or capabilities of their fellow miners in order to gain an advantage? Negative. They are simply putting forth as much effort as each is capable of in order to hopefully find that sweet spot that solves the algorithm of the next block. Bitcoin miners are no more committing violence against each other than the participants in a lottery, or a game of bingo.

Secondly, as the miners are all seeking reward for their independently-driven efforts they are also simultaneously securing the network for every single hodler and speculator that has any amount of wealth secured by the protocol. What does this mean? As the miners drive ever onward in their quest for reward, they are uplifting the entire network by securing it with pure energy— for if there were not an energy cost to attacking the network, it’d be a pretty soft target.

Next, we have the nodes. The accountants of Bitcoin. Toiling away to confirm that each bitcoin is sent and received as it was intended, whilst confirming these transfers with the rest of the network. At the very same time, this is providing an additional layer of security. Constant and consistent triple-entry accounting, providing further assurance that every satoshi is where it should be.

So...

Where is this “violence” that I keep hearing about...?

Bitcoin does not engage in violence. Bitcoin transcends any application-of-force strategy. Thanks to the processes stated above, bitcoin is not only incorruptible and unhackable, but also unseizable (for a detailed look into these functions, I recommend reading this article).

Any amount of effort (force) that can get expended against the network only poses to make Bitcoin (the network, signified by the capitalized B) stronger — by proving the effectiveness of its decentralized security state, confirming the trustworthiness of the accounting, and not to mention the nature of its 100% resistance to seizure — depending upon the security actions taken.

I’ve been saying this ad nauseum on Twitter, so I apologize to my followers for being dragged through the repetitiveness of my recent activity. But this is of the utmost importance in understanding for the newly anointed members of the community.

Bitcoin is an asset that uplifts ALL, regardless of whether friend or foe. Bitcoin does not care about your politics, or my own. Block by block, it protects the flock. We can all rest assured that our funds are protected and free from forceful seizure.

It is through this dynamic that Bitcoin transcends violence - political, physical, or economic in nature. Bitcoin promotes cooperation, and trade becomes the most beneficial path forward —or all parties.

Bitcoin does not use force, it doesn’t need to. Any force that is involved is the force of circumstance by way of the infinite money printer (BRRRRR). All that have come to BTC do so by choice, there is no infringement upon any freedoms.

Bitcoin is the Successor to violence.

This is a guest post by Mike Hobart. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97953.94 (+0.21%)
Объем 24H $95.317b
Изменеия 24h: 4.70 %, 7d: 7.09 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1938.056b Rank 1
Цена в час новости $ 48913.8 (100.26%)

bitcoin violence trade incentivizing cooperation peaceful negates

bitcoin violence → Результатов: 36


Фото:

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars

This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number […]

2021-5-16 08:00


Фото:

Wendy McElroy: From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence

The Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 9 From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence The most obvious objection to relying on self-defense…and restitution to prevent and rectify rights violations, is that these measures will be inadequate to deter criminals…Most people […] The post Wendy McElroy: From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence appeared first on Bitcoin News.

2018-12-15 19:00


Bitcoin and Paranoia: How Fear Fuels All Financial Systems and Crypto Is No Exception

Fear Fuels All Financial Systems, Bitcoin Is No Exception Financial structures that have ever worked for masses are that which are decided by courts and enforced by a threat of violence. “The IRS relies on a system of voluntary compliance which means that individuals are responsible for reporting and calculating their own tax obligations.” Less […]

2018-10-2 20:51


Фото:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16