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2025-03-18 12:33:06

Expatriotic on Nostr: _Good Morning_\ β˜• πŸ“– 🌞 # Cryptoeconomics **by [Erik ...

_Good Morning_\
β˜• πŸ“– 🌞

# Cryptoeconomics
**by [Erik Voskuil](https://github.com/evoskuil).**\
**The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).**

### Bitcoin Labels
- **Ambiguous Definition**: Bitcoin's definition is unclear due to its multiple uses since inception.
- **Original Usage**: Coined by Satoshi for concepts in "Bitcoin: A Peer-to-Peer Electronic Cash System".
- **Multiple Contexts**: Used for the implementation, transaction chain, consensus rules, coin unit, and community.
- **Variations**: Multiple implementations, consensus rules, and dynamic histories exist, making 'Bitcoin' label broad.
- **Labeling Convention**: Used here for Cryptodynamic Principles; implementations by brand (e.g., Bitcoin Core, Libbitcoin), chains by trading symbols (e.g., BTC, LTC), consensus rules by chain symbol, coin units in lowercase (e.g., btc, ltc), communities by general or specific terms.
- **Maximalist View**: Some maximalists associate Bitcoin with a specific history, but it was originally linked to principles.
- **Ambiguity Resolution**: Trading symbols resolve ambiguity when referring to different chains or histories.

The rest of the summarized chapters are at https://expatriotic.me
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