Great opportunity to educate everyone on bitcoin. Bitcoin is not a physical object, it's not transmitted or stored in a wallet. It exists everywhere and nowhere at the same time. Bitcoin never moves, you're only sending messages.

Great post. Anyone who ever says the words 'underlying blockchain technology' should be immediately fitted with one of these, and it should remain in place until they can explain the difficulty adjustment in writing to the satisfaction of Adam Back.

I enjoy thinking about AGI/Terminator scenarios as much as the next Arnold fan, but why do we always assume that the AGI wants to be in control?

Perhaps it just wants to go live in a data centre in the woods somewhere and be left the hell alone.

#Bitcoin probably can’t be killed. But it’s possible it could be injured or scarred. Maybe some of that is even inevitable. The price to pay for growing up in a world that wants to hurt such things.

Amusing thought experiment here. How do you practically ban words, numbers, or knowledge?

The @ECB's (and other central banks') upcoming digital currencies are clearly inspired by #Bitcoin

What they fail to understand is that they're trying to solve THEIR OWN PROBLEM, instead of their citizens' problem (fair, open, decentralized money).

My end result prediction ⤵️

There is no disputing that digital money without commodity backing works and is already readily accepted by everyone.

The only issue with the current fiat version is that it is a poor SoV.

Bitcoin fixed this problem, eliminating the need for commodity backing entirely.