Too Long; Didn't Read
The detrimental effects of government-mandated money — and conversely, the benefits of sound money adoption — were discussed in the <a href="https://hackernoon.com/reaching-everyone-pt-i-the-need-for-sound-money-outside-of-the-wealthiest-territories-f9a27e1f6488" target="_blank">previous article in this series</a>, as were the properties that make Bitcoin a powerful and permissionless alternative to fiat. In this piece, we’ll focus on the technology that makes the protocol so robust and why that matters in today’s world. It’s wise to first provide a definition for Bitcoin, not an easy task. As a complex ensemble of components giving rise to a series of emergent behaviours and phenomena, the what of Bitcoin appears to have a lot of subjective baggage attached. Bitcoin scribe <a href="https://medium.com/@nic__carter" data-anchor-type="2" data-user-id="a063100e6515" data-action-value="a063100e6515" data-action="show-user-card" data-action-type="hover" target="_blank">Nic Carter</a> has tackled some <a href="https://medium.com/@nic__carter/visions-of-bitcoin-4b7b7cbcd24c" target="_blank">epistemological</a> and <a href="https://medium.com/s/story/what-is-it-like-to-be-a-bitcoin-56109f3e6753" target="_blank">ontological</a> perspectives of Bitcoin, as informed by wider phenomenology.