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2minutebitcoin
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2023-05-06 14:29:01

2minutebitcoin on Nostr: The rules of the contract are decided and renegotiated continuously on the social ...

The rules of the contract are decided and renegotiated continuously on the social layer - the bitcoin protocol automates them.

Bitcoin, the computer network, comes into existence when many people run bitcoin implementations following the [same rules](https://www.2minutebitcoin.org/blog/saylor-series-the-rise-of-man-through-the-stone-and-iron-ages-episode-1-2020).

This distributed social contract practically rules out any controversial changes which could never get a broad social consensus.

It makes Bitcoin resilient to bad changes but open to good, obvious incremental improvements.

- an excerpt from the 2-minute version of Unpacking Bitcoin's Social Contract (2018), originally posted in https://www.2minutebitcoin.org/blog/unpacking-bitcoins-social-contract-2018
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