Bitcoin’s immanent power struggle for global dominance

The eons of central authority

Appeal to, adherence to, servitude to hierarchical authority structures is in humanities very nature; and it’s not merely a social construct. Disparate lineages of life have evolutionarily converged on dominance hierarchy as a primary key to the survival of social organisms. It’s written in the DNA of social insects and mammals alike. Wild ants, elephants, dolphins, lions, and wolves strongly obey it; submissive tendencies have been artificially selected for and exploited mercilessly in our domestication of bees, cows, pigs, sheep, horses, etc. Evolution has programmed the adherence to authority into apes DNA, and like it or not, every healthy cell in your body runs this same code of dominance hierarchy.

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Gold, fiat, banking, and Bitcoin: the day of reckoning cometh

The “ridiculously wasteful, malignant, guzzling” of electricity by Bitcoin miners is “illegally siphoning power, causing countrywide blackouts, not remotely sustainable, and is ruining the planet.”

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On the shoulder of giants: Lightning Network Protocol 1.0

“If I have seen further it is by standing on ye shoulders of Giants.”— Isaac Newton, 1675

On December 6, 2017, Lightning Developers, a medium.com publisher representing the three main parties (ACINQ, Blockstream, and Lightning Labs) that together are building the Lightning Network protocol, announced that Lightning Protocol 1.0 is operational. All tests were passed, and the first multi-client Lightning transactions was successfully completed on the Bitcoin mainchain.

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