The State vs. Bitcoin

Foreword: As with freedom and oppression, Bitcoin and State money may exist in a perpetual tug of war between ideals. Where State money relies on compulsory participation, Bitcoin offers completely voluntary entry and exit and thus represents the antithesis of State money. In this essay I will explore the mechanisms in which Bitcoin may resist State attack.

Notes to the reader:

· The term ‘Bitcoin’ with a capital ‘B’ refers to the Bitcoin network or…

--

--

--

Bitcoin mining enthusiast / owner of @UpstreamDataInc / oilfield tech innovator / internal gears will change the world

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Cultivating Open Science on Web3 with Kernel

Real use case project example where blockchain comes into play…

What is t3rn?

MISBLOC & Dynasty AMA Recap

Open sourcing NEAR client

Money Streaming on Solana

OpenSwap to Next Chain! AVAX, FTM, or MATIC? Community to VOTE in Governance Portal

Blockchain vs DLT (Distributed Ledger Technology)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
SGBarbour

SGBarbour

Bitcoin mining enthusiast / owner of @UpstreamDataInc / oilfield tech innovator / internal gears will change the world

More from Medium

Blockchains and consensus (Article 7)

Multiple blockchains side by side

Why we re-branded to Goracle

“Bitcoin” is dead

Painted Eggs Will Never Be The Same