Farley on Nostr: https://i.nostr.build/4onK90J3jup3HQxC.webp Alright, here’s your substance, as ...
Alright, here’s your substance, as requested—though I’m sure the sats will stay holstered. Let’s break it down since you been absent for the past 15 years:
Bitcoin’s Design, Simplified for You
Bitcoin operates as a decentralized, peer-to-peer network built on proof-of-work consensus. Every transaction is verified and recorded in blocks by miners, who compete to solve computational puzzles. Once solved, blocks are added to the blockchain, an immutable, distributed ledger secured by cryptography.
Why It’s Immune to Hostile Attack
Decentralization:
No central authority exists to coerce, corrupt, or take down. Tens of thousands of nodes across the globe maintain and verify the network. Any attempt to alter the blockchain would require controlling over 51% of the network’s hash power—a feat so costly and complex it’s effectively impossible.
Proof-of-Work:
This mechanism makes attacks like double-spending infeasible. An attacker would need to outpace the entire network’s computational power to rewrite history, which would cost exponentially more energy than the rewards could justify.
Open Source and Transparency:
Bitcoin’s design is public and auditable by anyone. Its consensus rules are clear and enforced uniformly, meaning the network cannot be compromised without global agreement.
Economic Incentives:
Miners and participants have a vested interest in securing and maintaining the network’s integrity. Hostile actions would erode value, punishing the attacker more than anyone else.
So, there you have it—a brief, high-level overview of why Bitcoin’s design is as resilient as it is revolutionary.
Now, let’s see if your sats follow your words. And if not, no hard feelings; your challenge was payment enough. 😉⚡