0 sats \ 6 replies \ @nerd2ninja 19 Apr 2023 \ parent \ on: @0xmikeleonett's bio bitcoin
Bitcoin is a social construct issued by consensus rules rather than corporate air drops or sales. It changes on the basis of people's agreements on what makes something Bitcoin rather than a corporate software update authority.
The hash cash updated merkle tree is for keeping the order of transactions, but that method does not necessarily make something Bitcoin.
Bitcoin is the first blockchain-based cryptocurrency, it was created to make payments anonymously and without the need for third parties (P2P) and Blockchain is the technology with which it was created, it is simple and easy to understand. Beyond its value, speculation or thinking that Bitcoin is everything, in my opinion I see it as a technology with many applications in the digital and real world, not as a social construction or something like that. But it is only my opinion
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That's why you utterly fail in understanding Bitcoin entirely.
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If it's a social construct, my opinion contributes to the community or corporation behind Bitcoin; I live from this ecosystem and I use BTC every day. From my perception the term "Social Construction" refers more to an ideology than the use of technology itself, it is not realistic, it is the same as speculating.
The whitepaper clearly explains its usefulness and objective; If you are another user of the ecosystem who can explain the technology and understand the utility, then you are not bad - Applies to all users who want to learn
I will only believe your answer if you have talked to Satoshi Nakamoto about it before, a true user who loves a decentralized ecosystem does not discriminate against others because of their journey along the way.
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You don't get it. What Satoshi Nakamoto, thought Bitcoin was supposed to be is irrelevant to what Bitcoin is today. It was a social construct of his design, but the social construct changed over time as other people joined the network.
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That social construction you are talking about is the trust that has given BTC its value. That trust is also generated by the technology behind Bitcoin, the work of developers and a lot of computing power. It's not just words and ideologies, it also has a real use
You yourself as a dev know it, there is an idea behind each birth of a technology and I am a user of it. Yes, Bitcoin is great and I agree but it works with Blockchain and it is also a technology that is applied to many fields and industries. Sorry but your comment makes me laugh, you are not the only one who uses Bitcoin, much less you were in the creation of BTC to tell other users that they know nothing about Bitcoin
It's a huge world bro, you are another user with your own experiences and above all beliefs because in my first answer I clearly described what BTC is without the need to share my reasons based on my experiences
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Crypto: a short talk on self-induced anxiety
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