Tuesday, October 28, 2025

Don't Bogart that Orange Kool-Aid my friend

 https://medium.com/@jnebos/i-thought-i-understood-bitcoin-until-now-07e064c4ba7

1)  The current situation, where there are only a few giant mining pools that in a way act as mint, and a few trading sites that act as banks, is not mentioned. This has resulted in limiting privacy (because the network that exchanges transactions is small), and also in less democracy (because the mining network operators determine the code base).

2) Nick Szabo recognises a threat when he see's one, and 

3)  that other thing 

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