The Economist: You’re getting it wrong — Medium

The Economist: Youre getting it wrong #Blockchain #Bitcoin

  • Bitcoin’s Blockchain is a ledger designed to avoid censorship by avoiding centralization.
  • The only clear and useful -as far as I can think of today- use case for a ledger that sacrifices efficiency to avoid censorship is a government-independent monetary system : Bitcoin.
  • Let’s go buy some bitcoins and, more importantly, let’s go build some products and services based on THE “shared database”, THE Blockchain, (THE) Bitcoin.
  • The real innovation is not the digital coins themselves, but the trust machine that mints them – and which promises much more besides.
  • But those who designed Bitcoin , and those who understand it, embrace this sacrifice.

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@bitcoinagile: “The Economist: Youre getting it wrong #Blockchain #Bitcoin”


Bitcoin, not Blockchain


The Economist: You’re getting it wrong — Medium