2018-7-29 03:02 |
Also Read: Poor Communication Undermines the Bitcoin Ecosystem
The Infiltration and Subversion of Bitcoin
It is true the technology that allows bitcoin to function—the blockchain—is antifragile and resilient, but it still has an Achilles tendon.
The Bitcoin whitepaper The attackers infiltrated the community and compromised bitcoin to alter the cryptocurrency’s original purpose.
A Hegemony of Developers and Bitcoin Crash of 2017
It should now be clear how bitcoin was compromised.
Even though the first iteration of bitcoin was practically co-opted, it was born again in the form of bitcoin cash.
The community redeemed itself with upgrading the bitcoin protocol by implementing a hard fork and creating bitcoin cash.