mleku on Nostr: bitcoin combining bockchains and UTXO transactions means that not only is the history ...

bitcoin combining bockchains and UTXO transactions means that not only is the history consistent and singular, up to the most recent blocks, the transactions themselves form chains that can be followed back to the coinbase the same as you can follow the blocks back to the genesis

making sure there could never be an inflation bug was almost the most important priority for bitcoin

Satoshi was a Mises fan

quoting nevent1q…786w

inherently incompatible design goals, you see

bitcoin has UTXOs because it is a compromise that enables pseudonymity and mixing while being absolutely accounted for

ethereum uses accounts, which are also problematic for inflation bugs