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It was the first decentralized blockchain. It solved the double spending problem in the absence of a centralized authority (aka solution to the Byzantine Genera
by olalonde 2y ago
It was the first decentralized blockchain. It solved the double spending problem in the absence of a centralized authority (aka solution to the Byzantine Generals' Problem). By the way, the term "blockchain" gained popularity years after Bitcoin's release.
Bitcoin has changed very little since its inception. A Bitcoin Core release from a decade ago still works fine today, and how "bitcoiners" feel about Bitcoin on a psychological level is irrelevant to any technical discussion about decentralization (btw, "bitcoiners" are not a homogenous group).
Moreover, your last sentence is so incoherent that it’s hard to even formulate a rebuttal. There is no "centralized source of truth," no "centralized authority," and no risk of a "catastrophic fork."
No offense but I don’t understand why people with such limited knowledge of Bitcoin feel compelled to comment in these threads.
- kibwen 2y ago> No offense but I don’t understand why people with such limited knowledge of Bitcoin feel compelled to comment in these threads. You and me both, buddy.