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.
Continue reading “Bitcoin’s immanent power struggle for global dominance”
What most of the Bitcoin community should have learned in 2017, it it weren’t obvious before, is that miners do not control the Bitcoin network. So who is in control? Everybody, and nobody.
Continue reading “2017: the year the world discovered who really controls Bitcoin”
“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.
Continue reading “On the shoulder of giants: Lightning Network Protocol 1.0”