Bitcoin Headline on Nostr: #Bitcoin is designed to remain indifferent to who holds it—this is one of its core ...
#Bitcoin is designed to remain indifferent to who holds it—this is one of its core features. Gaining a deeper understanding of #Bitcoin will help address this concern.
From the Bitcoin whitepaper: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers."
This design ensures that even if large entities, such as "whales" or governments, hold significant amounts of Bitcoin, they cannot compromise the protocol unless they control the majority of the network's computational power. The security of the Bitcoin network is upheld by the decentralized distribution of mining power among many participants, preventing any single entity from dominating.
In my opinion, Satoshi created the first 'sound money' to serve everyone equally, not as a weapon for the people to use against governments.
From the Bitcoin whitepaper: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers."
This design ensures that even if large entities, such as "whales" or governments, hold significant amounts of Bitcoin, they cannot compromise the protocol unless they control the majority of the network's computational power. The security of the Bitcoin network is upheld by the decentralized distribution of mining power among many participants, preventing any single entity from dominating.
In my opinion, Satoshi created the first 'sound money' to serve everyone equally, not as a weapon for the people to use against governments.